Page 2 - Policy Economic Report_Mar'25
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 5
Lessons from Economics..........................................................................................31
Oil Market .....................................................................................................................33
Crude oil price – Monthly Review .........................................................................................33
Indian Basket Crude oil price ................................................................................................35
Oil production situation .......................................................................................................35
Oil demand situation............................................................................................................36
Global petroleum product prices ..........................................................................................37
Petroleum products consumption in India ............................................................................39
Natural Gas Market....................................................................................................41
Natural Gas Price – Monthly Review.....................................................................................41
Monthly Report on Natural gas production, imports, and consumption – February 2025 .......44
Key developments in Oil & Gas sector.................................................................46
Key Policy developments/Significant news in Energy sector.....................47
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