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This course acts as an introduction to global oil and gas markets, with a focus on the methods energy companies, consulting firms, financial institutions and governments use to analyze and forecast energy prices and fundamentals. The course covers four themes: (a) global oil and gas fundamentals (key producers, consumers, refining and midstream, geopolitical factors) (b) methods for forecasting oil and gas supply and demand; (c) commercial strategies of oil and gas market participants and (d) the role of oil and gas as the energy system decarbonizes.