Page 2 - Policy Economic Report - December 2025
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 5
Lessons from Economics..........................................................................................20
Oil Market .....................................................................................................................22
Crude oil price – Monthly Review .........................................................................................22
Indian Basket Crude oil price ................................................................................................24
Oil production situation .......................................................................................................24
Oil demand situation............................................................................................................25
Global petroleum product prices ..........................................................................................26
Petroleum products consumption in India ............................................................................28
Natural Gas Market....................................................................................................30
Natural Gas Price – Monthly Review.....................................................................................30
Key developments in Oil & Gas sector.................................................................36
Key Policy developments/Significant news in Energy sector.....................37
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