International Market Highlight – May 7, 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.

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Westlark Advisors International Market Highlight

May 7, 2026

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

MIDDLE EAST

Oil prices swung sharply this week, surging above $114/bbl on renewed Iran-related supply threats in the Strait of Hormuz before dropping toward $100/bbl on signs of a possible U.S.-Iran deal, though ongoing security risks continue to cloud global supply outlooks.

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

USA

Strong global demand driven by Middle East disruptions is expected to sharply reduce elevated U.S. propane inventories as exports surge—potentially tightening supply and lifting prices—while U.S. ethylene and propylene exports are also soaring on robust international demand.

map of Chile with tiny flag; atlas style, close up of map

CHILE

Gasco is close to completing a $10 million LPG storage, distribution, and power generation project in Chile’s Aysén region, reinforcing regional energy security and highlighting LPG’s role as a reliable backup energy source.

GUYANA

Guyana is rapidly emerging as a major global oil producer, with output surpassing 900,000 b/d and expected to exceed 1 million b/d soon, as ExxonMobil-led offshore developments drive growth that is fueling strong economic expansion and positioning the country as a key new supplier in global energy markets.

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

INDIA

U.S. LPG exports have shifted toward supplying India with mixed cargoes amid Middle East disruptions, driving record freight rates, higher fuel prices in India, and a major realignment of global LPG trade flows.

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 7, 2026

By Gabriel Amundarain

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