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.

Deep Fundamental Analysis

Drop in Gas Rigs Drives US Rig Count Downward

Pickup in Gas Rigs Drive U.S. Oil & Gas Rig Count Higher

U.S. Oil and Gas Rig Count Continues on Downward Trend

US Oil Rig Decline Halts While Gas Rig Count Increases

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Commodities

<ul>
<li>US oil and gas rig count increased by three to 589 for the week ending 26/Jul, rising for the second consecutive week.</li>
<li>US oil rig count rose by 5 to 482, marking the first increase since May. Gas rigs fell by 2 to 101, following a rise of 3 the previous week.</li>
<li>In July, the total US rig count increased by 8, the first monthly rise since February and the largest since November 2022.</li>
</ul>


US oil and gas rig count increased by three to 589 for the week ending 26/Jul, rising for the second consecutive week.
US oil rig count rose by 5 to 482, marking the first increase since May. Gas rigs fell by 2 to 101, following a rise of 3 the previous week.
In July, the total US rig count increased by 8, the first monthly rise since February and the largest since November 2022.


Crude Oil

Oil Rig Uptick Boosts US Total Rig Count