India Oil and Gas Sector Report FY2023 3rd Quarter

In its October 2022 meeting, OPEC+ decided to cut oil production by 2mn bbl/day until the end of 2023 on concerns of demand despite a call from other nations to refrain from doing so. As a result, in October 2022, WTI averaged USD 87.55/bbl which was higher than USD 84.26/bbl in September 2022. After rising in October, WTI corrected in the two subsequent months falling to USD 84.37//bbl in November 2022 and USD 76.58 in December 2022 due to fears of an impending recession in the light of high inflation and rising interest rates.

This report provides a complete and detailed analysis of the "Oil exploration" sector for India. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Oil exploration" sector in India
• Crystallise the forces both driving and restraining this sector in India
• Ascertain India’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in India.
• Build a clear picture of trends, output and consumption for specific sub-sectors