Unlocking Energy Insights

We are delighted to invite you to our Madrid Market Briefing, taking place on Tuesday, September 16, 2025.

Join us for a full day of content from our industry experts, giving you a cross-commodity, comprehensive outlook on energy markets from both a short/medium- and long-term view. Attendees will have the opportunity to engage in meaningful discussions and network with industry peers to discuss the complexities of the energy sector.

Key Themes:

Europe's new energy landscapes and their implications
Cost escalations in the energy sector and their impact on Europe
Trends in crude oil and refined product markets
Opportunities and challenges for Iberian downstream players
The future of biofuels and the global LNG supply wave
The implications of a slowing energy transition on power and gas markets

FREE EVENT STARTS IN

Agenda

8:00 am	Registration and networking
8:45 am	Welcome and introduction to S&P Global Commodity Insights Ana Martinez, Vice President Commercial, Global Accounts
9:00 am	Europe's energy outlook and investment implications Paul McConnell, Vice President, Global Head, Fuels and Refining Daniel Evans, Vice President, Global Head, Fuels and Refining Oscar Abbink, Director, Energy Technology and Innovation Sylvain Cognet-Dauphin, Europe Power and Renewables Research Lead Sara Pourghorbani, Global LNG Director
9:40 am	Costs escalation across the energy sector and it's impact on Europe Pulse check (new orders, backlog, spending forecast) Inflation’s new drivers Contractual trends (suppliers' risk mitigation, vertical integration, ...) Focus on renewables: compare and contrast Josefin Berg, Associate Director, Renewables Frank Larsen, Director, Costs & Supply Chain
10:20 am	Crude oil markets Fundamentals point towards lower prices, but uncertainty looms over both oil supply and demand. Refined products: What’s moving the market? Tariffs, trade, asset ramp ups and asset closures are rocking refined product product markets. What should you be watching in the next few months to understand what’s driving the market? AltView: Presenting an alternative view on crude and refined products in the coming year In this session we will contrast our House View of crude and refined product markets with a second, independent view, our AltView. Payam Hashempour, Associate Director, Crude Oil Markets Rebeka Foley, Senior Analyst, Near-term Oil Stephen Jew, Director, AltView Director, Costs & Supply Chain
11:00 am	Networking break
11:45 am	Refining: The opportunities and threats facing Iberian downstream players in the next five years Iberian refiners are facing a triple threat as regional demand peaks, the cost of complying with decarbonization and renewable fuels policies increase, and competition from outside the region grows How will refined product and LPG fundamentals and policy shift? How will industry restructure? What is needed for Iberian players to be able to compete for export market share in Africa and the Americas? Eleanor Budds, Director, Short-term Refined Products Louise Vertz, Director, Long-term Refined Products Fernando Covas, Director, NGL Research
12:30 pm	Biofuels in Europe - what can we expect in the mid-to long-term? Policy updates: status of RED III transposition, issues with ReFuelEU implementation How will the market evolve? With investments stalling, will there be enough capacity to meet the mandated demand? What are the main obstacles for ramping up supply? Are targets realistic or does policy need a rethink? Ina Chirita, Associate Director, Biofuels Analytics
1:00 pm	Impact of the global LNG supply wave for Europe How has the outlook for LNG investment changed? What is the impact of the impending supply wave? What impact on key gas benchmark prices, both short and long-term? Sara Pourghorbani, Global LNG Director
1:30 pm	Networking lunch
3:00 pm	What is the impact of a slowing energy transition on power and gas markets? How does Europe respond to a fractured world and heightened trade competition? What is an affordable energy mix? A slower energy transition: how much of an opportunity for natural gas? Opportunity for renewables: has Europe reached its peak? Power prices in a slower energy transition Augustin Borelle, Senior Research Analyst Sara Pourghorbani, Global LNG Director
3:40pm	What routes for asset profitability? Squaring the economics of gas plants circle Renewable profitability: finding the balance PPAs: opportunities and challenges ahead Is storage the solution? Sylvain Cognet-Dauphin, Europe Power and Renewables Research Lead Jose Simancas, Senior Analyst, EMEA Low Carbon Electricity
4:20 pm	Summary and closing Ana Martinez, Vice President Commercial, Global Accounts