Page 2 - Policy Economic Report - July 2025
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 6
Lessons from Economics..........................................................................................21
Oil Market .....................................................................................................................23
Crude oil price – Monthly Review .........................................................................................23
Indian Basket Crude oil price ................................................................................................25
Oil production situation .......................................................................................................25
Oil demand situation............................................................................................................26
Global petroleum product prices ..........................................................................................27
Petroleum products consumption in India ............................................................................29
Natural Gas Market....................................................................................................31
Natural Gas Price – Monthly Review.....................................................................................31
Monthly Report on Natural gas production, imports, and consumption – June 2025 ..............35
Key developments in Oil & Gas sector.................................................................37
Key Policy developments/Significant news in Energy sector.....................38
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