Page 2 - Policy Economic Report_Jan 25

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Table of Contents

Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 5
Lessons from Economics..........................................................................................23
Oil Market .....................................................................................................................25

Crude oil price – Monthly Review .........................................................................................25
Indian Basket Crude oil price ................................................................................................27
Oil production situation .......................................................................................................27
Oil demand situation............................................................................................................28
Global petroleum product prices ..........................................................................................29
Petroleum products consumption in India ............................................................................31

Natural Gas Market....................................................................................................33

Natural Gas Price – Monthly Review.....................................................................................33
Monthly Report on Natural gas production, imports, and consumption – November 2024 * ..36

Key developments in Oil & Gas sector.................................................................38
Key Policy developments/Significant news in Energy sector .....................39

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