-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
India is considering removing import taxes on U.S. ethane and LPG as part of broader trade talks with Washington, aiming to reduce its trade surplus and tariff burden, reports Nidhi Verma of Reuters. The move could also extend to U.S. LNG imports. India, already a top U.S. ethane buyer, may face short-term limits in expanding imports due to infrastructure constraints. However, boosting LPG imports is seen as more feasible.
-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
U.S. crude oil production rose by 270,000 barrels per day in 2024 to an average of 13.2 million b/d, driven almost entirely by the Permian region, which accounted for 48% of total output. Despite a drop in rig count, Permian production grew by 370,000 b/d due to improved well productivity and new technologies. Eagle Ford and Bakken each contributed 9% of total production, with minimal growth and slight declines in rig activity.
-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
President Trump signed a memorandum directing federal agencies to modernize the environmental review and permitting process using 21st-century technology. The goal is to streamline infrastructure project approvals, reduce delays, increase transparency, and boost economic growth. The plan calls for digitized applications, better interagency coordination, and improved collaboration with state and tribal partners.
-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
The Annual Energy Outlook 2025 projects U.S. energy consumption will decline over the next several years, then rise again in the early 2040s, reports the U.S. Energy Information Administration. By 2050, consumption remains below 2024 levels in most scenarios. Key model updates include new modules for hydrogen, carbon capture, and oil and gas. Projections reflect policies in place as of December 2024.
-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
The US Bureau of Labor Statistics reports that US import prices fell 0.1% in March 2025, driven by a 2.3% drop in fuel costs, particularly petroleum and natural gas. They write:U.S. import prices decreased 0.1 percent in March following a 0.2-percent increase in February, the U.S. Bureau of Labor Statistics reported today. Lower prices for fuel imports more than offset higher prices for nonfuel imports in March.
-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
Reuters reports that China has ordered its airlines to suspend deliveries of Boeing 737 Max jets, according to Bloomberg News, as trade tensions between the U.S. and China escalate. The move adds further pressure on Boeing, which is already facing production and labor challenges.
-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
In the April Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) projects that natural gas production in the Eagle Ford region of southwest Texas will rise from 6.8 Bcf/d in 2024 to 7.0 Bcf/d in 2026, driven by higher gas prices and increased demand for LNG exports. Oil production, however, is expected to remain steady at around 1.1 million b/d through 2026. This trend reflects growing gas-oil ratios as reservoir pressure declines.
-
1 week ago | 
youngresearch.com | Dick Young |Richard Young
Oil company BP has announced a new find in the Gulf of America’s Green Canyon Block 584. The company announced:bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America. bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. The well was drilled to a total depth of 23,830 feet. The Far South co-owners are bp (operator, 57.5%) and Chevron U.S.A. Inc.
-
2 weeks ago | 
youngresearch.com | Dick Young |Richard Young
According to the U.S. now leads the world in oil and gas production, with exports strengthening its geopolitical clout. While the sector faces long-term challenges like maturing reserves and competition from China’s clean energy push, innovation, exploration, and investor-friendly policies could extend U.S. leadership in global energy well into the 2030s. They write:On more than one measure, the US is already dominant.
-
2 weeks ago | 
youngresearch.com | Dick Young |Richard Young
US Bureau of Labor Statistics reports that producer prices fell 0.4% in March, the largest drop since October 2023, driven by sharp declines in energy (-4.0%) and food (-2.1%) prices. Gasoline alone dropped 11.1%. Services also edged down 0.2%, led by lower trade and transportation margins. Core PPI (excluding food, energy, and trade) rose just 0.1%, signaling cooling inflation. Over the past year, final demand prices have risen by 2.7%, with core prices up by 3.4%. Read more here.
