In today’s briefing:
- [US Nat Gas Options Weekly 2025/16] Henry Hub Sinks on Milder Weather and Record Output
- Asia base oils demand outlook: Week of 21 April
- [US Crude Oil Options Weekly 2025/16] WTI Rebounds on Improved Trade Outlook and Strong U.S. Demand
- NVX: Believe Current Trade Situation Highlights Need for Local Supply Chain for Battery Materials
- Soluna Holdings, Inc: Project Ellen Will Put Another 100 MW Wind- Driven Data Center in Texas
[US Nat Gas Options Weekly 2025/16] Henry Hub Sinks on Milder Weather and Record Output
- For the week ending 17/Apr, U.S. natural gas prices fell by 8% on the back of warmer weather forecasts and rising production.
- For the week ending 11/Apr, the EIA reported that U.S. natural gas inventories rose by 16 Bcf, which was lower than analyst expectations of a 24 Bcf increase.
- Henry Hub OI PCR fell to 0.93 on 17/Apr compared to 0.95 on 11/Apr. Call OI increased by 2.4% WoW, while put OI grew by 0.3%.
Asia base oils demand outlook: Week of 21 April
- Asia’s base oils demand could face more marked pressure as expectations of softer supply-demand fundamentals coincide with concern about economic slowdown and impact of US tariffs.
- Uncertainty about timing, size and impact of US tariffs adds to blenders’ incentive to maintain lower stocks.
- High base oils prices relative to feedstock and gasoil prices and relative to other regions add to incentive to hold back.
[US Crude Oil Options Weekly 2025/16] WTI Rebounds on Improved Trade Outlook and Strong U.S. Demand
- WTI futures rose 4.1% for the week ending 17/Apr, driven primarily by U.S.-China trade talks and falling U.S. gasoline and distillate inventories.
- The U.S. rig count rose by two to 585. The oil rig count rose by one to 481, while gas rigs also grew by one to 96.
- WTI OI PCR inched up to 0.81 on 17/Apr from 0.80 on 11/Apr. Call OI decreased by 13% WoW, while put OI dropped by 11.9%.
NVX: Believe Current Trade Situation Highlights Need for Local Supply Chain for Battery Materials
- NVX believes its strategy aligns with the administration’s goal to secure critical mineral supply chains and support domestic manufacturing.
- Its existing Riverside plant – where production capacity has been pre-sold via multiple offtake agreements – is in Tennessee and NVX plans to construct a 2nd production facility in the state, recently obtaining approval and expected tax credits toward this project.
- Each of NVX’s three operating units is expected to play an important role in its development & growth, as NVX leverages proprietary R&D & patented technology to develop critical materials for the battery sector.
Soluna Holdings, Inc: Project Ellen Will Put Another 100 MW Wind- Driven Data Center in Texas
- Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst.
- The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources.
- Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high performance computing applications including Bitcoin mining, Generative AI, and other compute-intensive applications.
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