JPM | US Energy: Saudi Loadings Resume, OSPs to Be Cut “Sharply,” Ukraine Influence Operation to End War, Dallas Fed Survery, Gas 4mo High, Aluminum Losing Streak, IPP Contracting Momentum, Utilities on New Nuclear

Research evidence excerpt

JPM | US Energy: Saudi Loadings Resume, OSPs to Be Cut “Sharply,” Ukraine Influence Operation to End War, Dallas Fed Survery, Gas 4mo High, Aluminum Losing Streak, IPP Contracting Momentum, Utilities on New Nuclear

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 26 June 2026

JPM | US Energy: Saudi Loadings Resume, OSPs to Be Cut “Sharply,”

Ukraine Influence Operation to End War, Dallas Fed Survery, Gas 4mo

High, Aluminum Losing Streak, IPP Contracting Momentum, Utilities on

New Nuclear

Brendan Henrici

+1 212 622 2729

brendan.henrici@jpmorgan.com

Key Highlights Today

• Saudi Loadings Resume After 4mo

• Saudi to “Sharply” Cut OSPs

• Ukraine “Influence Operation” to End War

• Dallas Fed Survey: WTI to End Year $80-90

• US Natural Gas 4mo High on Weather

• Permian Gas Constraints Alleviate by 1Q27

• Aluminum Longest Weekly Losing Streak Since April ‘25

• IPP & Nuclear: Contracting Momentum

• Utilities on New Nuclear

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

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