S&P Global Commodity Insights London Market Briefing 2025

Navigating the Future of Energy

We are excited to invite you to the London Market Briefing, a premier event designed for industry leaders and stakeholders to explore the dynamic landscape of the energy market. Taking place on June 18th, this informative gathering will feature a series of expert-led sessions focusing on critical topics such as geopolitical impacts on oil and gas, the future of renewable energy, and the evolving dynamics of the LNG market.

Engage with our distinguished speakers, including renowned experts in oil markets, cleantech, and energy storage, as they share insights and strategies to navigate the complexities of today's energy challenges. This is an invaluable opportunity to network with peers, exchange ideas, and gain a deeper understanding of the trends shaping our industry!

Registration will close on Monday, June 16, 12pm BST. We look forward to seeing you there!

FREE EVENT STARTS IN

Agenda

Morning Plenary
Breakout Tracks

8:30 AM	Registration and networking
9:00 AM	Welcome remarks
9:15 AM	US Policy Turbulence and its Effects on Global Energy In the five months since the start of Donald Trump’s second presidential term, his administration has upended global trade and international relations, affecting nearly all global markets, including energy markets. Where do things stand with respect to Trump's tariffs, and where are they headed from here? What is the road ahead in Ukraine? What are the prospects for US and European normalization with Russia, and how could gas supply be affected? How have energy markets been affected by US tariffs, in the short term and in the longer term outlook? How are companies across the energy value chain adapting their strategies in response to the uncertainty around US policy? Laurent Ruseckas, Executive Director, Investing in Energy
9:45 AM	The Energy Landscape in 2025 Richard Joswick, Head of Near-Term Oil Research Paul Mcconnell, Executive Director, Energy and Climate Scenarios Glenn Rickson, Head of Short-term, European Power Moderated by: James Taverner, Senior Director, Global Gas & LNG

*Agenda subject to change

Short-term
Long-term

10:00 AM	How will oil and chemicals markets adjust to geopolitical and economic uncertainty Crude oil fundamentals struggle to balance with softer demand and longer-cycle upstream growth Refined products driven by balance of new refinery ramp ups versus refinery closures Refinery capacity increasingly geared for heavy feed destruction despite globally lighter crude slate NGLs growth tied to gas and will price itself to find a market if policy/logistics allow Chemicals overcapacity still lingers but feedstock pricing/trade changes shift impacts Rick Joswick, Head of Near-Term Oil Research Daniel Evans, Vice President, Global Head, Fuels and Refining Andrew Neale, Executive Director, Aromatics
11:00 AM	Networking break
11:30 AM	Upstream: survival or revival What signals have upstream stakeholders sent during this this first half of 2025? Regardless of whether the focus is on survival or revival, who stands to gain? What approaches or adjustments are being implemented by oil and gas companies to cope with current market conditions? Laura Sima, Director, Upstream Research and Analysis
12:00 PM	Agriculture Patricia Luis-Manso, Executive Director, Agribusiness Research & Sustainability
12:30 PM	Lunch
1:30 PM	Global LNG: At the turning point? When will the global LNG market rebalance? With increased European LNG needs, how will the market balance in 2025? When will the new liquefaction supply under construction rebalance the market? What is the impact of the impending supply wave? Are we heading toward oversupply? How has the outlook for LNG Final Investment Decisions changed? Drivers of gas demand The outlook for key gas benchmark prices, both short and long-term James Taverner, Senior Director, Global Gas & LNG
2:00 PM	European Gas: Medium term outlook How does Europe balance storage fill needs this summer? What are the prospects for maintaining LNG imports? What are the sources of flexibility and uncertainty? What is the medium term outlook for Europe? Will there be a recovery of gas demand in Europe? How does the market respond in the transition to more LNG supply availability? What are the potential supply uncertainties to consider? The medium-term outlook for European gas prices Alun Davies, Senior Director, European Gas
2:30 PM	Networking Break
3:00 PM	European Power: Medium term outlook What are the short-term perspectives for price volatility and renewable captured rates? What perspectives for data centers? Glenn Rickson, Head of Short-term, European Power
3:45 PM	Metals: Mine costs and emissions amid the push for critical minerals Mine cost outlook, and which commodities are development capital being focused on? Do prices need to improve to encourage energy transition metal project development? Discussion on the mine emission trends, improvements and targets? Jason Holden, Senior Mining Analyst
4:45 PM	Concluding remarks and networking reception

*Agenda subject to change

10:00 AM	Reinventing the Future: Introducing three brand new Energy and Climate Scenarios How have uncertainty and volatility influenced the trajectory of the 2020s, and what recent trends have emerged? How can we understand S&P Global Commodity Insights' revamped Energy and Climate Scenarios extending to 2060? What are the origins, characteristics, and drivers of these scenarios, and what insights do they provide regarding future energy demand and supply trends? Paul Mcconnell, Executive Director, Energy and Climate Scenarios
10:30 AM	European Gas & Power--Sensitivities to the Planning Case: impact of a slowing the energy transition What would be the impact of lower electrification on gas and power demand? How could renewable additions evolve? What would be the impact on power generation and on overall gas use? Coralie Laurencin, Power, Gas and Climate Policy Lead for Europe Augustin Borelle, Senior Research Analyst
11:00 AM	Networking break
11:30 AM	Navigating Uncertainty: Tensions in Cleantech Supply Chains and Key Technology Trends Is oversupply ending in the cleantech industry? How is policy impacting the global manufacturing footprint? How much and where is investment taking place in cleantech? Cormac Gilligan, Director, Cleantech
12:00 PM	Opportunities and challenges shaping Europe's energy storage market Which markets in Europe are adopting energy storage, and how are they making money? How is technology developing to help accelerate adoption? How do changing international policies affect European energy storage competitiveness? Sam Wilkinson, Head of Renewable Markets, Energy Transition George Hilton, Research and Analysis Manager - Batteries and Energy Storage
12:30 PM	Lunch
1:30 PM	Oil markets - Long-term \| Beyond volatility: The long-term view on refined products demand In a world of short-term volatility and shifting narratives, the long-term outlook for oil demand—particularly refined products—remains both exposed and resilient. This presentation steps back from the headlines to explore structural trends, regional divergences, and sector-specific drivers that will shape oil’s future. Louise Vertz, Executive Director, Global Oil Refining and Marketing
2:00 PM	Upstream in 2035 What capital expenditure trends are likely to emerge, and which areas will see the most investment? How will exploration adapt in response to current market trends? What are some of the enablers and blockers going forward? What will the competitive landscape look like in 2035? Ian Conway, Executive Director, Energy Research
2:30 PM	Networking Break
3:00 PM	The shift to renewable fuels in Europe: ambitions versus reality check What's the status of RED III transposition and ReFuel EU Aviation implementation? Are biofuels targets in Europe realistic? How will demand evolve in the medium- to long-term? Will Europe have enough Renewable Diesel (RD) and Sustainable Aviation Fuels (SAF) capacity ? What are the challenges in ramping up supply ? How will RD and SAF be produced in the long-term? Ina Chirita, Associate Director - Biofuels Value Chain Service
3:45 PM	European ETS and carbon price outlook Discussion of key market drivers impacting the EU ETS Review of current and future supply and demand dynamics in the carbon market Short- and long-term projections for EUAs Yerlan Aubakirov, Team Leader, Global Carbon Markets and Pricing Research
4:15 PM	The Economics of Renewables: From Subsidies to CFDs and PPAs and Beyond Evolution of the PPA market in the context of rising zero and negatively priced hours Emergence of hybrid solutions for renewables, with stakeholders stacking revenue streams and mitigating risks. Willingness of offtakers to pay for clean energy Bruno Brunetti, Head of Renewables Revenue Streams, Energy Transition
4:45 PM	Concluding remarks and networking reception