Page 2 - Policy Economic Report - March 2024
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 6
Lessons from Economics..........................................................................................19
Oil Market .....................................................................................................................21
Crude Oil Price – Monthly Review.........................................................................................21
Indian Basket Crude oil price ................................................................................................23
Oil production situation .......................................................................................................23
Oil demand situation............................................................................................................24
Global petroleum product prices ..........................................................................................25
Petroleum products consumption in India ............................................................................27
Natural Gas Market....................................................................................................29
Natural Gas Price – Monthly Review.....................................................................................29
Monthly Report on Natural gas production, imports, and consumption – February 2024 .......32
Key developments in Oil & Gas sector.................................................................34
Key Policy developments/significant news in Energy sector .....................34
MARCH 2024 Page | 1
