International Market Highlight – May 21, 2026

Westlark Advisors’ International Market Highlight

Energy markets are changing quickly today. With markets becoming increasingly complex and interconnected, it is no surprise that events occurring across the world have an influence and impact on energy markets close to home. This makes it more important than ever to keep track of what is happening not just in markets across the street, but also in markets across the globe.

The Westlark Team has increased our focus on global energy markets. This increased focus, along with our expertise in North American markets, allows us to help clients navigate international supply chains, commodity streams and emerging opportunities. Wherever your business operates, we provide a steady hand and a shared commitment so you can confidently build sustainable value and growth.

Providing a Weekly International Market Highlight

Each week, Westlark Advisors provides an International Market Highlight. This “snapshot” of critical market issues is drawn from our weekly report, the International Buzz!

The Westlark Team closely watches matters that impact shipping, affect energy pricing, and influence market activity in specific regions. We are committed to working with you, as partners, to reach your business’s unique goals.

market graph on screen; hands making notes on pad with a desk

Westlark Advisors International Market Highlight

May 21, 2026

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

INDIA

India and the UAE deepened their strategic partnership by signing agreements on oil reserves and LPG supply to strengthen India’s energy security, alongside broader cooperation in defense, infrastructure, technology, and a $5 billion UAE investment commitment.

map of United States, USA; atlas style - at an angle

USA

U.S. midstream operators are increasingly prioritizing higher‑margin LPG exports over ethane, with strong propane prices driving a shift in terminal capacity that has reduced ethane exports after record levels, as companies maximize returns by favoring more profitable cargoes.

COLOMBIA

Colombia’s LPG industry, led by a Local Gas Association, supports potential imports from Venezuela to reduce costs but highlights major uncertainties around transparency, regulatory compliance, and the long-term reliability of supply.

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

ARGENTINA

Compañía Mega exported 20,000 tons of LPG from Bahía Blanca to Brazil, reinforcing Argentina’s growing global supplier role as it advances a $260 million expansion to boost future export capacity.

PERU

Peru has become one of Latin America’s fastest-growing LPG markets, with demand rising 23.5% between 2016 and 2023 to rank third regionally, driven by urbanization, middle-class growth, and government programs expanding access to cleaner fuels.

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

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International Market Highlight – May 21, 2026

By Gabriel Amundarain

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