International Market Highlight – April 2, 2026

Westlark Advisors’ International Market Highlight

Many things are happening in the energy market right now.  Events occurring across the world are influencing and impacting energy markets close to home.  As global energy markets continue to become more complex and interconnected, it is more important than ever to be aware of what is going on in the energy industry.  This means understanding not only the markets “next door,” but also being familiar with markets around the world.

The Westlark Team is committed to working with you as partners, helping your business reach its unique goals. To do this, we have increased our focus on global markets. This increased focus, along with our expertise in North American markets, allows us to assist clients as they navigate the complexities of energy markets across the street or across the globe.

Providing a Weekly International Market Highlight

We provide an International Market Highlight each week. Pulled from our weekly report, the International Buzz! this Highlight focuses on key issues from our analysis of the global energy markets.

Our team regularly monitors issues that impact shipping, affect energy pricing, and influence market activity in specific regions.

Wherever your business operates, we can provide a steady hand and a shared commitment so you can confidently build sustainable value and growth.

gas burners against a background of stock chart data; international market highlight; continued Middle East disruption; hedging financial spreads

Westlark Advisors International Market Highlight

April 2, 2026

map of the Middle East - Saudi Arabia, Iran, etc. LPG market highlights; continued Middle East disruption

MIDDLE EAST

Disruption of Saudi oil flows through the Bab el‑Mandeb Strait could add $15–$20 to Brent prices, pushing them above $100/bbl for the rest of the year and risking a global recession as the chokepoint now carries roughly 7% of world supply via Saudi Arabia’s Yanbu exports.

map of India; LPG market highlights; continued Middle East disruption

INDIA

Two LPG carriers loaded with 94,000 mt successfully transited the Strait of Hormuz toward India, signaling a cautious revival of Middle East LPG flows even as supply remains insufficient and importers turn to U.S., Yanbu, and Iranian alternatives.

map of Canada (from a globe); continued Middle East disruption

CANADA

Canadian crude exports hit a record 137.1 million barrels in January, fueled by a surge in shipments outside the U.S. that more than doubled year on year and offset softer exports to the U.S. amid global supply disruptions.

atlas style map of South America - featuring Brazil, Colombia, Ecuador; energy market highlight; continued Middle East disruption

BRAZIL

Petrobras’ high‑premium LPG auctions are driving up distributor costs and raising concerns that consumer prices and social programs like Gás do Povo could be strained as sustained fuel increases pressure public budgets.

If you are interested in more expert market commentary like this, contact a Westlark Team member today!

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International Market Highlight – April 2, 2026

By Gabriel Amundarain

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Westlark Advisors has partnered with energy firms since 1998 to provide transparent, value-driven commodity market advisory services.

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