Page 2 - Policy Economic Report - Jan 2026
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 5
Lessons from Economics..........................................................................................26
Oil Market .....................................................................................................................29
Crude oil price – Monthly Review .........................................................................................29
Indian Basket Crude oil price ................................................................................................31
Oil production situation .......................................................................................................31
Oil demand situation............................................................................................................32
Global petroleum product prices ..........................................................................................33
Petroleum products consumption in India ............................................................................35
Natural Gas Market....................................................................................................37
Natural Gas Price – Monthly Review.....................................................................................37
Key developments in Oil & Gas sector.................................................................43
Key Policy developments/Significant news in Energy sector.....................44
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