Middle East Petroleum & Gas conference June 2

S&P Global Energy said on May 19 that its 33rd Middle East Petroleum & Gas Conference will be held in London on June 2-3, as oil and gas markets confront disruption tied to the closure of the Strait of Hormuz. The company said the two-day event is themed “Clarity for a Volatile Oil & Gas World” and will bring together participants from national oil companies, international oil companies, trading houses, refiners and financial institutions. (prnewswire.com) S&P Global’s conference page says the event will be available both in person and virtually. The program is being framed around market volatility, freight risk, downstream competitiveness and LNG dynamics. (spglobal.com) ### Why is this conference drawing attention now? May 19 is when S&P Global Energy issued a release tying the conference directly to what it called the continued closure of the Strait of Hormuz and the resulting uncertainty in oil and natural gas markets. The company said trade is being reshaped rapidly and that senior decision-makers from energy and finance are being brought together as cargo routes, supply chains and pricing signals shift. The International Energy Agency said in its May 2026 Oil Market Report that output from Gulf countries affected by the Hormuz closure was 14.4 million barrels per day below pre-war levels, while total global supply losses since February had reached 12.8 million barrels per day. (prnewswire.com) The IEA also said the strait carried an average 20 million barrels per day of crude oil and oil products in 2025, underscoring why the chokepoint is central to current market discussions. ### What does S&P Global say will be debated in London? S&P Global’s event page says the London sessions will focus on Gulf supply strategy, freight risk, downstream competitiveness and LNG dynamics. The company says the conference is intended to provide “independent market insight” and practical commercial perspectives on pricing, supply and demand, regional dislocations and geopolitical risk. (prnewswire.com) Dave Ernsberger, president of S&P Global Energy, said in the company’s release that “the rules of global energy trade are being rewritten in real time,” with effects on cargo routes, trade flows and supply chains. S&P Global said the program will examine how the global energy system is being reshaped by the Hormuz closure, where Middle East molecules flow now, what freight and logistics risks look like, and how refiners can maintain competitiveness under supply constraints. (iea.org) ### Which named speakers are already on the record? Daniel Yergin, vice chairman of S&P Global, is scheduled to present a session titled “What Comes Next for Oil and Gas — 5 Signals to Watch,” according to the S&P Global release. (spglobal.com) The company also named Musaab Al Mulla of Aramco, Shaikh Khaled Ahmad Al-Sabah of Kuwait Petroleum Corporation, David Bird of Dangote Petroleum Refinery, Scott Nelson of Reliance International, Tom Baker of Vitol Bahrain, Toril Bosoni of the IEA and John Roper of Uniper Global Commodities among participants. The official conference page says the speaker list and agenda are available online and may be updated. (prnewswire.com) S&P Global also says attendees can register for an in-person pass priced at $1,949 plus VAT or a virtual pass priced at $999 plus VAT. ### How does this fit into the broader market backdrop? The U.S. Energy Information Administration said in its May short-term outlook that global oil markets are in a period of “heightened volatility and uncertainty” because of the de facto closure of the Strait of Hormuz. The IEA separately said resuming flows through the strait remains the “single most important variable” in easing pressure on supplies, prices and the global economy. (prnewswire.com) June 2-3 is the next dated milestone. S&P Global says the conference will run in London over those two days, with the agenda and speakers page serving as the live reference point for final panel details and attendance options. (eia.gov) (spglobal.com)