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

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Commodities

<ul>
<li>The US oil and gas rig count remained unchanged for the second week in a row, remaining at 585 for the week ending on 01/Nov.</li>
<li>In August, US oil production hit a record 13.4 million bpd, up 1.5% MoM, while natural gas output dipped 0.6% to 115.9 Bcf per day.</li>
<li>For the week ending 01/Nov, US energy producers added one rig each in North Dakota, Pennsylvania, and Utah, while cutting two rigs in Texas and one in Oklahoma.</li>
</ul>


The US oil and gas rig count remained unchanged for the second week in a row, remaining at 585 for the week ending on 01/Nov.
In August, US oil production hit a record 13.4 million bpd, up 1.5% MoM, while natural gas output dipped 0.6% to 115.9 Bcf per day.
For the week ending 01/Nov, US energy producers added one rig each in North Dakota, Pennsylvania, and Utah, while cutting two rigs in Texas and one in Oklahoma.


US Rig Count Unchanged for Second Week as Gas Rigs Offset Oil Decline

Crude Oil

US Rig Count Unchanged for Second Week as Gas Rigs Offset Oil Decline