Page 2 - Policy Economic Report_Feb'25
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 5
Lessons from Economics..........................................................................................30
Oil Market .....................................................................................................................32
Crude oil price – Monthly Review .........................................................................................32
Indian Basket Crude oil price ................................................................................................34
Oil production situation .......................................................................................................34
Oil demand situation............................................................................................................35
Global petroleum product prices ..........................................................................................36
Petroleum products consumption in India ............................................................................38
Natural Gas Market....................................................................................................40
Natural Gas Price – Monthly Review.....................................................................................40
Monthly Report on Natural gas production, imports, and consumption – January 2025 .........43
Key developments in Oil & Gas sector.................................................................45
Key Policy developments/Significant news in Energy sector.....................46
February 2025 Page | 1
