Page 3 - Policy & Economic Report - June 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

List of Figures & Tables

Figure 1: Growth of economic output (%) .................................................................................................... 6
Figure 2: Growth of GDP by region & country group ................................................................................... 7
Figure 3: FDI inflows by economic region, billions of dollars and %........................................................... 10
Figure 4: FDI inflows to developing countries in Asia by region, billions of dollars and %......................... 11
Figure 5: FDI inflows, top 10 destination economies, billions of dollars, 2024 .......................................... 12
Figure 6: Quarterly projection of real GDP growth (y-o-y) ......................................................................... 13
Figure 7: Year on year inflation rate based on CPI (%) .............................................................................. 14
Figure 8: All India inflation rates for CPI (General) and CFPI ..................................................................... 14
Figure 9: All India inflation rates for CPI (General) and CFPI ..................................................................... 15
Figure 10: Total Trade during May 2025.................................................................................................... 17
Figure 11: Total Trade during April-May 2025........................................................................................... 18
Figure 12: Tracking investment.................................................................................................................. 20
Figure 13: Benchmark price of Brent, WTI and Dubai crude ...................................................................... 26
Figure 14: Indian crude oil basket price in $ per bbl................................................................................... 27
Figure 15: Refining Margins ($/bbl) ............................................................................................................ 30
Figure 16: Singapore crack Spreads vs. Dubai ($/bbl) ................................................................................ 30
Figure 17: Global natural gas price trends ($/mmbtu) ............................................................................... 34
Figure 18: Domestic natural gas price June’24–25 ($/mmbtu) .................................................................. 36
Figure 19: Domestic natural gas Gross production (Qty in MMSCM) ........................................................ 37
Figure 20: LNG imports (Qty in MMSCM) ................................................................................................... 37
Figure 21: Sectoral Consumption of Natural Gas (Qty in MMSCM) in May 2025 ...................................... 38
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Table 1: Trade during April 2025................................................................................................................. 17
Table 2: Crude oil price in June, 2025 ......................................................................................................... 26
Table 3: Non-DoC liquids production in 2025, mb/d .................................................................................. 28
Table 4: World Oil demand, mb/d .............................................................................................................. 29
Table 5: Singapore FOB, refined product prices ($/bbl) in April 2025........................................................ 31
Table 6: Petroleum products consumption in India, May 2025 and Year till Date (YTD) ........................... 32
Table 7: Gas price, May 2025...................................................................................................................... 34
Table 8: Gas price, GCV Basis ...................................................................................................................... 35

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