This report prepared by the committee chaired by Dr. Vijay Kelkar includes a discussion of the economic foundations of Exploration and Production Contracts and an early action program drawn upon the analysis and inputs received from wide ranging consultations with stakeholders.

World markets for petroleum and other liquid fuels have entered a period of dynamic change—in both supply and demand. Potential new supplies of oil from tight and shale resources have raised optimism for significant new sources of global liquids.

Key World Energy Statistics from the IEA contains timely, clearly-presented data on the supply, transformation and consumption of all major energy sources.

This report of the Comptroller and Auditor General of India contains the results of the performance audit of pricing mechanism of major petroleum products in central public sector oil marketing companies. The audit covered the period from 2007-08 to 2011-12.