Page 2 - Policy Economic Report -August 2026
P. 2
POLICY AND ECONOMIC
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 5
Economy in Focus......................................................................................................... 8
Lessons from Economics..........................................................................................38
Oil Market .....................................................................................................................40
Crude oil price – Monthly Review .........................................................................................40
Indian Basket Crude oil price ................................................................................................42
Oil production situation .......................................................................................................42
Oil demand situation............................................................................................................43
Global petroleum product prices ..........................................................................................44
Petroleum products consumption in India ............................................................................46
Natural Gas Market....................................................................................................48
Natural Gas Price – Monthly Review.....................................................................................48
Monthly Report on Natural gas production, imports, and consumption – July 2026 ...............50
Key developments in Oil & Gas sector.................................................................53
Key Policy developments/Significant news in Energy sector.....................54
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