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

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

Drop in Gas Rigs Drives US Rig Count Downward

US Oil Rig Decline Halts While Gas Rig Count Increases

US Crude Oil Output at Risk as Rig Count Plummets

Buildup in US Crude Inventory Slows Amid Expectations of a Pick up in Refinery Utilisation Levels

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Commodities

<ul>
<li>US oil and gas rig count fell by 1 to 584 for the week ending 12/Jul, after rising by 4 the previous week. </li>
<li>US oil rig count fell by 1 to 478, indicating 59 fewer oil rigs as compared to the same week last year. It is at its lowest since December 2021.</li>
<li>Despite a decline in the US oil rig count, US crude oil production matched the all-time high production of 13.3m bpd for the week ending 5/Jul, according to the EIA.</li>
</ul>


US oil and gas rig count fell by 1 to 584 for the week ending 12/Jul, after rising by 4 the previous week. 
US oil rig count fell by 1 to 478, indicating 59 fewer oil rigs as compared to the same week last year. It is at its lowest since December 2021.
Despite a decline in the US oil rig count, US crude oil production matched the all-time high production of 13.3m bpd for the week ending 5/Jul, according to the EIA.


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