London, United Kingdom | 2–3 June 2026

Alkagesta participated in the 33rd Annual Middle East Petroleum & Gas Conference (MPGC 2026), organised by S&P Global Energy. The conference brought together representatives from national oil companies, international energy firms, trading houses, refiners, financial institutions, storage operators, and logistics providers to discuss developments shaping global energy markets.

Alkagesta was represented by members of its Business Development and Finance Functions: Asad Huseynov, Managing Director, Investments and Asset Management; Tural Huseynov, Managing Director, Investments and Asset Management; Anar Samadov, Light Ends & Middle Distilates Desk Lead; and Shahlar Mammadov, Business Development Manager.

The discussions reflected a market environment increasingly influenced by evolving trade flows, changing supply-demand balances, geopolitical developments, and the growing importance of energy security across international markets.

Global Oil Markets, Trade Flows and Market Resilience

A central theme throughout MPGC 2026 was the increasing complexity of global oil and gas markets. Participants examined Middle East supply dynamics, export flows, sanctions, policy developments, and the implications of shifting trade patterns for global commodity markets.

The conference highlighted the importance of market resilience, supply security, operational flexibility, and disciplined risk management as companies adapt to changing market conditions. Discussions also addressed crude market outlooks, liquidity conditions, pricing benchmarks, compliance requirements, and the evolving role of oil within the global energy mix.

Trade routes, freight markets, storage strategies, logistics networks, tariffs, and trade disputes were identified as increasingly important factors influencing regional and international energy flows. For commodity trading companies operating across multiple jurisdictions, the ability to respond efficiently to changing market conditions remains a key component of commercial execution.

Particular attention was given to the growing influence of the Dangote Refinery and its impact on regional fuel balances, pricing structures, and trading activity across African and international markets.

Refining, Downstream Markets and Infrastructure

The second day of the conference focused on refining, downstream markets, and infrastructure investment.

Discussions examined how refiners can maintain operational reliability, supply security, and long-term competitiveness while adapting to evolving market requirements. Key themes included refinery optimisation, infrastructure development, transportation fuel demand, and the changing outlook for middle distillates and jet fuel markets.

The conference also highlighted the importance of aligning refining strategies and infrastructure investment with evolving market requirements and long-term industry trends.

Aviation Fuel Markets and Sustainable Aviation Fuel (SAF)

Aviation energy markets remained an important area of discussion throughout the conference.

Participants examined jet fuel security, pricing volatility, feedstock availability, and the practical challenges associated with scaling Sustainable Aviation Fuel (SAF) while maintaining reliable fuel supply. Discussions also highlighted the role of infrastructure development, policy support mechanisms, regulatory frameworks, and investment incentives in facilitating the adoption of lower-carbon aviation fuels.

The sessions reinforced the growing importance of logistics infrastructure, supply-chain reliability, certification systems, and operational execution in supporting the long-term development of aviation fuel markets.

Industry Engagement and Market Intelligence

Beyond the conference programme, MPGC 2026 provided opportunities to engage with market participants from across the global energy value chain and exchange perspectives on market developments, commercial trends, and industry priorities.

As one of the sector’s longest-running industry forums, MPGC continues to provide a platform for market intelligence, industry dialogue, and relationship building across global energy markets.

Participation in MPGC 2026 reflects Alkagesta’s commitment to maintaining close engagement with counterparties across the energy sector and supporting informed commercial decision-making through continuous market analysis and industry dialogue.

Four men in suits with red lanyards and name badges stand indoors in front of a screen displaying text about energy. The background includes a window and pillars.
Two men in suits with red lanyards talk in a modern conference area, surrounded by other attendees. A large concrete pillar and a sign reading MORE LONDON SUITE are visible in the background.
Several people in business attire are gathered around a coffee station at a professional event, engaging in conversation. Two men in the foreground are talking near a mini fridge and coffee cups.
Four men sit on a stage in a panel discussion at an energy conference titled Clarity for a Volatile Oil and Gas World, with event partner logos for Chevron and Vitol displayed on banners. Audience members are visible in front.

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