JPM | US Energy: Conference Day 2, Transits With Transponders Tick Up, UAE Production 85% of Pre-War, Qatar LNG Returns "Within Weeks," Russia Crude Exports ‘26 High, Trump on Price Gouging, Cembalest on Gold, DOE Nuclear Loans

Research evidence excerpt

JPM | US Energy: Conference Day 2, Transits With Transponders Tick Up, UAE Production 85% of Pre-War, Qatar LNG Returns "Within Weeks," Russia Crude Exports ‘26 High, Trump on Price Gouging, Cembalest on Gold, DOE Nuclear Loans

Brendan Henrici - Specialist Sales - US Energy AC North America Specialist Sales J P M O R G A Nbrendan.henrici@jpmorgan.com

J.P. Morgan Securities LLC 24 June 2026

JPM | US Energy: Conference Day 2, Transits With Transponders Tick

Up, UAE Production 85% of Pre-War, Qatar LNG Returns “Within Weeks,”

Russia Crude Exports ‘26 High, Trump on Price Gouging, Cembalest on

Gold, DOE Nuclear Loans

Brendan Henrici

+1 212 622 2729

brendan.henrici@jpmorgan.com

Key Highlights Today

• Natural Resources Conference Day 2

• Transits Tick Up with Transponders On

• UAE Production 85% of Pre-War Exports

• Qatar LNG to Reutrn “Within Weeks”

• Russia Crude Exports YTD Highs

• Trump to have DOJ Look at Price Gouging

• Cembalest: Gold CB Reserve Share Rise is All Price

• DOE Low Cost Loans for Nuclear

Access, Calls & Surveys:

• SAVE THE DATE: J.P. Morgan 2026 Natural Resources Conference: An Energy, Power, Renewables & Mining Event on

June 23-24, 2026 at the Intercontinental New York Barclay. Register here

• SAVE THE DATE: J.P. Morgan Global Energy Conference, Nov 30th-Dec 1st, in-person, London. The event will consist

of a two-day panel agenda addressing key macro, corporate and thematic topics across the energy value chain and a

comprehensive program of one-on-one/small group meetings with global C-suite executives representing leading Oil & Gas,

OFS, E&P, Utility, Renewable and Mining companies. Full details will follow. In the meantime, please save the date in your

calendar for this event

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