LSEG Commodities Research Forum – New York

Summer 2026 North American Energy Outlook: Managing Demand &

Geopolitical Risk

 

May 7 | LSEG, 28 Liberty St. New York 10005

In-person event | Starting 3:00pm ET

 

Registration is closed

 

Join us at LSEG’s Global Commodities Forum in New York City, a half‑day event bringing together market experts, leading researchers, and industry leaders to examine the most pressing challenges and opportunities shaping today’s commodities landscape. This insightful event will explore how weather, geopolitics, and supply disruptions are driving volatility across oil, gas, and power markets, featuring analysis of recent North American winter storms, a global summer weather outlook, and the energy market impacts of Middle East disruptions, LNG dynamics, and evolving pricing behavior.

 

Registration is closed!

 

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Session details (Click to expand for more information)

3:00 – 3:30pm

Registration and guest welcome

3:30 – 3:40pm

Opening Remarks

3:40 - 4:00pm

North America Weather Outlook

 

Speaker: Thomas Walsh, Weather & Climate Research Director, LSEG

We will present our analysis of recent winter storms across North America, as well as present our current summer weather outlooks across various parts of the globe.

 

4:00 - 5:30pm

Cascading Effects of the Iran Conflict on Energy Markets

 

A 90‑minute session featuring analyst briefings on oil, natural gas, and power, followed by an expert panel with LSEG analysts and IIR Energy. Please find the breakdown below. 

 

4:00 - 4:45pm

Briefings - Oil, Natural Gas and Power

 

Speaker: Rishi Rajanala, Research Specialist, Oil Americas, LSEG

                    Jay Sirigiri, Research Lead for North American Natural Gas, LSEG

                    Drew Manecke, Principal Research Analyst Power, LSEG

 

Oil briefing

Middle East shock: Hormuz traffic is down ~75–80% with >2 mb/d of refining capacity offline, forcing a major disruption to global crude flows.

Global dislocation: With ~40% of seaborne crude normally moving through Hormuz, barrels are being rerouted longer and less efficiently; substitution is limited due to grade-specific needs, especially medium sour.

Asia feels it first: Asia (~80% of ME exports) is seeing prompt tightness, higher freight, and rising demand for alternative barrels as Gulf supply falls shorts

US pull-through: Physical Gulf-linked crudes are outperforming futures; tighter global balances, wider spreads, and low US stocks are increasing interest in USGC exports, with implications for US oil, associated gas, and power markets.

 

Natural Gas briefing

Translation of summer outlook for North America into a natural gas summer outlook/end-of-October forecast

Discussion on WTI impact on Waha basis, introduce discussion on market behavior with negative prices.

 

Power briefing

How negative gas pricing fundamentally alters power market behavior, pricing, and asset competitiveness.

 

Coffee break

4:50 – 5:30pm

Deeper dive with the analyst

 

Moderator: Reza Haidari, Director, Power, Gas, Coal and Carbon, LSEG

Panelist:

Maria Sanchez, Natural Gas Products and Senior Analyst, IIR Energy

Rishi Rajanala, Research Specialist, Oil Americas, LSEG

Drew Manecke, Principal Research Analyst Power, LSEG

Jay Sirigiri, Research Lead for North American Natural Gas, LSEG

Thomas Walsh, Weather & Climate Research Director, LSEG

 

5:30 - 5.35 pm

Closing Remarks

5:35 – 8:00pm

Networking reception and demos