Global Market Trends oil & gas

Energy dynamics of any country is a delicate subject involving a spectrum of issues ranging from natural resources on one side to policy perspective on the other. It covers in its domain issues like demand supply trading transportation pricing of a range of commodities which are as diverse as coal on the one hand and nuclear energy on the other. The demand and use of energy is inexorably linked to such esoteric topics like technology living condition of the people stage of economic development strategy and so on. Environmental consideration is the latest flag post in the pantheon of issues associated with energy.When energy is looked from a global perspective then it requires a balancing act of looking into too many details from a macro perspective. There is always a danger of gross generalization and over simplification. ‘Indian School of Petroleum & Energy’ has taken all these aspects into its domain specific pedagogical armory and has formulated ‘Worldwide Petroleum & Natural Gas Economics’.This study material is primarily designed for the professionals in Oil and Gas Industry. It is assumed that our students have got good grip on any basic branch of study with some years of working experience and is now aspiring for deeper understanding of global petroleum business from the point of view of economics 2024 edition of this study material captures the economic recovery that has recently has taken place and Euro crisis. This also brings in the role of unconventional gas and renewables.This study material draws heavily from the following reports1. International Energy Outlook 20242. BP Statistical Review of World Energy 20243. World Oil Outlook 2024 by OPEC4. Energy outlook November 20235. Report of the Inter Ministerial Committee on Policy for Pooling of Natural Gas Prices and Pool Operating Guidelines August 2022 Planning Commission (Saumitra Chaudhuri Committee)6. Planning Commission Government of India 2025 – power and Energy7. By 2022 - Think Sustainability Think India – Niti AyogObjectives of these units are to acquaint you with:World Economic TrendTrend in Energy Consumption Production Reserves and TradePrimary Energy Forecast under different scenariosComparison of various forecastsHistoric review of world and Indian Energy ScenarioStrategy for Indian Energy Sector