Page 3 - Policy Economic Report - October 2025
P. 3
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
List of Figures & Tables
Figure 1: Real Global Growth in (%).............................................................................................................. 6
Figure 2: Global Growth projections in (%)................................................................................................... 8
Figure 3: Global inflation trends ................................................................................................................... 9
Figure 4: World trade.................................................................................................................................. 10
Figure 5: Global debt as a % of global GDP................................................................................................. 11
Figure 6: AI related jobs over time.............................................................................................................. 13
Figure 7: AI exposure index......................................................................................................................... 13
Figure 8: AI Preparedness index ................................................................................................................. 14
Figure 9: FDI outflows, top 10 source economies, USD bn......................................................................... 15
Figure 10: FDI inflows, top 10 destination economies, USD bn.................................................................. 15
Figure 11: Year on year inflation rate based on CPI ................................................................................... 17
Figure 12: All India inflation rates for CPI (General) and CFPI ................................................................... 17
Figure 13: Major drivers of exports in 2025-26 (April-August) Relative contribution............................... 23
Figure 14: Benchmark price of Brent, WTI and Dubai crude ...................................................................... 27
Figure 15: Indian crude oil basket price in $ per bbl................................................................................... 28
Figure 16: Refining Margins ($/bbl) ............................................................................................................ 31
Figure 17: Singapore crack Spreads vs. Dubai ($/bbl) ................................................................................ 31
Figure 18: Global natural gas price trends ($/mmbtu) ............................................................................... 35
Figure 19: Domestic natural gas price October’24–25 ($/mmbtu)............................................................. 37
Figure 20: Domestic natural gas Gross production (Qty in MMSCM) ........................................................ 38
Figure 21: LNG imports (Qty in MMSCM) ................................................................................................... 38
Figure 22: Sectoral Consumption of Natural Gas (Qty in MMSCM) in September 2025............................ 39
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Table 1: Trade during September 2025. ..................................................................................................... 20
Table 2: Crude oil price in October, 2025 ................................................................................................... 27
Table 3: Non-DoC liquids production in 2025, mb/d .................................................................................. 29
Table 4: World Oil demand, mb/d .............................................................................................................. 30
Table 5: Singapore FOB, refined product prices ($/bbl) in September 2025.............................................. 32
Table 6: Petroleum products consumption in India, September 2025 and Year till Date (YTD) ................ 33
Table 7: Gas price, September 2025 ........................................................................................................... 35
Table 8: Gas price, GCV Basis ...................................................................................................................... 36
October 2025 Page | 2
