India Oil and Gas Sector Report FY2023 Q4

Crude oil prices softened in March 2023 due to concerns emanating from the turmoil in the financial services sector in the US and Europe, which could have a contagion effect and take a toll on global economic growth. WTI prices for crude oil in January, February, and March averaged USD 78.12/bbl, 76.83/bbl, and USD 73.28/bbl, respectively. On March 17, 2023, the WTI touched a 15-month low of USD 66.61/bbl. The OPEC Reference Basket (ORB) price in January, February, and March 2023 averaged USD 81.62/bbl, USD 81.88/bbl, and USD 78.45/bbl, respectively. The ORB prices fell to the lowest level in 15 months, with a 4.2% m/m in March.

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