Page 2 - Policy Economic Report - June 2024
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 5
Lessons from Economics..........................................................................................23
Oil Market .....................................................................................................................26
Crude oil price – Monthly Review .........................................................................................26
Indian Basket Crude oil price ................................................................................................28
Oil production situation .......................................................................................................28
Oil demand situation............................................................................................................29
Global petroleum product prices ..........................................................................................30
Petroleum products consumption in India ............................................................................32
Natural Gas Market....................................................................................................34
Natural Gas Price – Monthly Review.....................................................................................34
Monthly Report on Natural gas production, imports, and consumption – May 2024 ..............37
Key developments in Oil & Gas sector.................................................................39
Key Policy developments/significant news in Energy sector .....................40
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