Energy Commodity Markets

Course content

The training looks at the global markets for oil, gas, coal and power and the need for thorough analysis to support market transparency, investment planning, policy formation and emergency response. Participants will learn the fundamentals of sourcing data, market analysis, producing reliable results. Emphasis is put on a medium-term, 5-year outlook – identifying key areas of growth (in both demand and supply) and drivers of price fluctuation, as well as  anticipating supply emergencies.

Training is available in two areas - Oil Markets and Gas, Coal  & Power Markets – covering the following issues:

Oil Markets:

  • Oil market fundamentals
  • Oil price formation
  • IEA oil market analysis – background and rationale
  • Analytical framework (data and information, key macro assumptions and modelling tools, uncertainties)
  • The importance of oil stocks (commercial and strategic, and emergency planning )
  • Global oil supply and demand
  • Oil refining and oil products
Gas, Coal & Power Markets:
  • Gas market fundamentals and pricing systems
  • Development and marketing of LNG
  • Gas markets and security
  • Global importance of coal
  • Recent developments in coal markets
  • Environmental and efficiency issues of coal use
  • Power sector issues and costs

Why is this topic important?

Energy commodity markets are complex, dynamic and increasingly global. Their impact on the economy from national to international levels is enormous which makes it important to follow and understand current trends, as well as likely future changes. Major shifts in supply and demand, notably the growing demand for fossil fuels in developing and emerging economies, require sound analyses to ensure reliability and security of supply. This particularly applies to oil and gas which are subject to sudden supply disruptions and price volatility. In parallel, the power sectors in some developing and emerging economies are expanding rapidly, often is a context of deregulation. Such large-scale investments are to be encouraged, but paying due attention to  the issues of security, diversity, affordability and environmental impact.

IEA’s credentials – why  learn from us?

The  IEA is one of the pre-eminent sources of data, analyses and forecasts across all energy commodities and particularly on oil and gas. The IEA Oil Market Report and Medium Term Oil and Gas Markets reports have been established as industry benchmarks in independent research and  analysis. Our large and highly experienced team not only follows the latest developments globally but has an in-depth knowledge of regional and national issues on all major energy sources.

Who will benefit from these modules?

This module is targeted at:

  • National institutions responsible for energy strategy and planning
  • Country risk and investment analysts, and oil sector equity analysts
  • Emergency response teams

What will participants gain?

Participants will gain a significantly better understand of energy markets is general and how analysis is carried out –  supply and demand curves, energy prices, interaction between different energy sources. The course will not only equip them with tools and techniques for using and interpreting energy market data but it will also provide guidance on how analysis can be deployed to support strategic planning, policy formulation and supply emergency response.

Module structure

Training Formats

Module Length

Group Size

  • Lectures, presentations and interactive discussions

  • Case Studies

Oil Markets module: 1 day

Gas, Coal and Power Markets module: 0.5 days

20 people