As of early August 2025, global oil and natural gas markets are showing significant movements influenced by supply-demand dynamics, energy transition policies, and macroeconomic shifts. Below is the latest update on commodity prices, the ONGC share price (in USD), and why fossil fuels remain so important.


Oil and Natural Gas Market Update
Oil and Natural Gas Market Update


1. Oil and Natural Gas Prices – Current Trends

Natural Gas Prices

  1. Price (August 4, 2025): $3.04/MMBtu
  2. Short-Term Movement: Fell 1.35% from the previous day and is down 10.86% in the last month.
  3. Year-on-Year: Still 56.62% higher than August 2024.

Reasons for Decline:

  1. Record-high US production causing oversupply.
  2. Mild summer weather reducing energy demand.
  3. Storage levels remain above historical averages.

Crude Oil Prices

  1. WTI Crude Oil: $67.15 per barrel
  2. Brent Crude Oil: $69.55 per barrel
  3. Prices show a slight decline month-on-month and year-on-year, as global demand remains moderate and OPEC maintains measured production levels.

2. ONGC Share Price (in USD)

The Oil and Natural Gas Corporation (ONGC), India’s largest oil producer, is also affected by these global price trends.

  1. Current Price (August 4, 2025): Approximately $2.81 USD per share.
  2. Intraday trading shows minor fluctuations between $2.80 – $2.82 USD.

Historical Insight:

 August has been volatile for ONGC historically, showing negative returns in 9 out of the last 17       years.


3. How Oil and Natural Gas Are Formed

Oil and natural gas are fossil fuels that formed millions of years ago from the remains of microscopic marine plants and animals.

  1. These remains were buried under layers of sediment, exposed to intense heat and pressure, and eventually transformed into hydrocarbons.
  2. Hydrocarbons are extracted through drilling and advanced recovery techniques and refined for use in energy and manufacturing industries.

4. Why Are Coal, Oil, and Natural Gas Called Fossil Fuels?

  1. They are derived from the fossilized remains of ancient organisms.
  2. Geological processes over millions of years concentrated this organic matter into energy-rich fuels like coal, oil, and natural gas.


5. Future Outlook – Market and Energy Transition

  1. Natural gas is likely to stay relevant as a cleaner transitional energy source while renewable energy adoption accelerates.
  2. Crude oil demand faces long-term challenges due to electric vehicle growth and decarbonization policies.
  3. Energy giants like ONGC are diversifying into renewables and natural gas to maintain growth in a shifting energy landscape.


FAQs – Oil and Natural Gas Market (August 2025)

1. Why are natural gas prices falling?

Because of record US production, oversupply, and lower summer energy demand.

2. Will oil prices rise later in 2025?

Oil could rise if OPEC tightens supply or global demand strengthens, but the overall outlook is cautious due to the energy transition.

3. Is ONGC a good stock to buy now?

ONGC’s future depends on crude oil price stability and government energy policies. Long-term investors should assess fundamentals and diversification efforts.

4. How long will fossil fuels last?

Current proven reserves of oil and natural gas may last several decades, but renewable energy investments could reduce their demand sooner.