Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>US natural gas prices rose 5.2% for the week ending 30/Aug, driven by warmer weather forecasts and low prices encouraging power generators to favour gas over coal.</li>
<li>Henry Hub Put/Call volume ratio fell to 1 from 1.34 the previous week as put volumes dropped by 38.5% WoW, while call volumes declined by 17.5%. </li>
<li>Put OI rose for expirations in Sep, Oct, and Nov, while call OI increased for contracts expiring in Dec, Jan, and Feb. </li>
</ul>


US natural gas prices rose 5.2% for the week ending 30/Aug, driven by warmer weather forecasts and low prices encouraging power generators to favour gas over coal.
Henry Hub Put/Call volume ratio fell to 1 from 1.34 the previous week as put volumes dropped by 38.5% WoW, while call volumes declined by 17.5%. 
Put OI rose for expirations in Sep, Oct, and Nov, while call OI increased for contracts expiring in Dec, Jan, and Feb. 


[US Nat Gas Options Weekly 2024/35] Henry Hub Rebounds on Hot Weather but Excess Supply Limits Gains

<ul>
<li>US oil and gas rig count fell by two to 583 for the week ending 30/Aug, marking a decline in rig count for the third straight week.</li>
<li>The US oil rig count remained unchanged at 483 for the second consecutive week. Meanwhile, gas rigs declined by two to 95, marking their lowest level since April 2021.</li>
<li>For the week ending 23/Aug, US crude oil production declined to 13.3m bpd bpd, down from the record high of 13.4m bpd reached the previous week.</li>
</ul>


US oil and gas rig count fell by two to 583 for the week ending 30/Aug, marking a decline in rig count for the third straight week.
The US oil rig count remained unchanged at 483 for the second consecutive week. Meanwhile, gas rigs declined by two to 95, marking their lowest level since April 2021.
For the week ending 23/Aug, US crude oil production declined to 13.3m bpd bpd, down from the record high of 13.4m bpd reached the previous week.


US Rig Count Falls for the Third Straight Week Led by a Decline in Gas Rigs

Independent Sell Side Equity Research Analyst, ChartSmarter

Douglas Busch

Independent Sell Side Equity Research Analyst

ChartSmarter

ChartSmarter is a service dedicated to the art of technical analysis.

On a daily basis we write up actionable ideas on a specific, major S&P sector on both the long and short side, in an easy yet thorough way. In the notes we give precise entries and exits, while looking to capture the "meat" of a trend.

Technical Analysis.

Technical Analysis

<ul>
<li>S&amp;P 500 bull flagging and looks for break to upside.</li>
<li>US Dollar bounces off par. More room in the tank?</li>
<li>Copper and Natural Gas at interesting junctures. Bulls on notice. </li>
</ul>


S&amp;P 500 bull flagging and looks for break to upside.
US Dollar bounces off par. More room in the tank?
Copper and Natural Gas at interesting junctures. Bulls on notice. 


<ul>
<li>For the week ending 23/Aug, US crude inventories fell by 846k barrels, while analysts expected a 2.7 mb drawdown. Gasoline stocks dropped more than expected, while distillate inventories unexpectedly rose.</li>
<li>US natural gas inventories rise 35 bcf for the week ending 23/Aug, exceeding analyst expectations of a 33 bcf buildup. Inventories are 12.1% above the 5-year seasonal average</li>
<li>Exxon expects global crude oil demand to remain around 100m bpd through 2050. Brokerages lowered target prices on Occidental and Halliburton.</li>
</ul>


For the week ending 23/Aug, US crude inventories fell by 846k barrels, while analysts expected a 2.7 mb drawdown. Gasoline stocks dropped more than expected, while distillate inventories unexpectedly rose.
US natural gas inventories rise 35 bcf for the week ending 23/Aug, exceeding analyst expectations of a 33 bcf buildup. Inventories are 12.1% above the 5-year seasonal average
Exxon expects global crude oil demand to remain around 100m bpd through 2050. Brokerages lowered target prices on Occidental and Halliburton.


[ETP 2024/35] Crude Oil Slips Amid Demand Concerns; Nat-Gas Under Pressure from Oversupply

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Cross Asset Strategy

<ul><li>Hello everyone, and welcome back to our weekly positioning watch.</li><li>Markets have found their way back to pre-NFP levels as the storm seems to have calmed in equity markets.</li><li>Meanwhile, fixed income markets are focused on four rate cuts, despite many taking the NFP revisions last week too seriously, likely underestimating the impact of immigration on payroll data.</li></ul>

Hello everyone, and welcome back to our weekly positioning watch.Markets have found their way back to pre-NFP levels as the storm seems to have calmed in equity markets.Meanwhile, fixed income markets are focused on four rate cuts, despite many taking the NFP revisions last week too seriously, likely underestimating the impact of immigration on payroll data.

Positioning Watch – No Signs of a Recession in Positioning Data Yet

United States

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

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Natural Gas (NATURAL GAS COMDTY)

[US Nat Gas Options Weekly 2024/35] Henry Hub Rebounds on Hot Weather but Excess Supply Limits Gains

Henry Hub Nat Gas prices closed the week ending 30/Aug higher led by warmer weather forecasts. Put/Call volume ratio fell sharply WoW as the put...

Mint Finance

US Rig Count Falls for the Third Straight Week Led by a Decline in Gas Rigs

For the week ending 30/Aug, US rig count fell by 2 to 583. Oil rig count stayed flat again while the gas rig count fell to its lowest since April...

Mint Finance

Greenback Rebound Commodity Headwind?

S&P 500 bullish, US Dollar rebounds, Copper and Natural Gas at critical points for bulls. Healthcare continues to act well in a "value" world.

Douglas Busch

[ETP 2024/35] Crude Oil Slips Amid Demand Concerns; Nat-Gas Under Pressure from Oversupply

Weak U.S. crude withdrawal heightens demand concerns, while Libya and Israel-Hamas supply risks offer support. Exxon sees strong oil demand until...

Mint Finance

Positioning Watch – No Signs of a Recession in Positioning Data Yet

Hello everyone, and welcome back to our weekly positioning watch. Markets have found their way back to pre-NFP levels as the storm seems to have...

Steno Research

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[US Nat Gas Options Weekly 2024/35] Henry Hub Rebounds on Hot Weather but Excess Supply Limits Gains

Henry Hub Nat Gas prices closed the week ending 30/Aug higher led by warmer weather forecasts. Put/Call volume ratio fell sharply WoW as the put...

Mint Finance

US Rig Count Falls for the Third Straight Week Led by a Decline in Gas Rigs

For the week ending 30/Aug, US rig count fell by 2 to 583. Oil rig count stayed flat again while the gas rig count fell to its lowest since April...

Mint Finance

Greenback Rebound Commodity Headwind?

​S&P 500 bullish, US Dollar rebounds, Copper and Natural Gas at critical points for bulls. Healthcare continues to act well in a "value" world.

Douglas Busch

[ETP 2024/35] Crude Oil Slips Amid Demand Concerns; Nat-Gas Under Pressure from Oversupply

Weak U.S. crude withdrawal heightens demand concerns, while Libya and Israel-Hamas supply risks offer support. Exxon sees strong oil demand until...

Mint Finance

Positioning Watch – No Signs of a Recession in Positioning Data Yet

Hello everyone, and welcome back to our weekly positioning watch. Markets have found their way back to pre-NFP levels as the storm seems to have...

Steno Research

S&P 500 bullish, US Dollar rebounds, Copper and Natural Gas at critical points for bulls. Healthcare continues to act well in a "value" world.