⛽ WORLD’S LPG POWERHOUSES
🌍 Who controls global LPG flows?

Top exporters by volume (kbpd):

🥇 🇸🇦 Saudi Arabia → ~734 kbpd
🥈 🇶🇦 Qatar → ~318 kbpd
🥉 🇺🇸 United States → ~196 kbpd

4️⃣ 🇩🇿 Algeria → ~175 kbpd
5️⃣ 🇳🇴 Norway → ~171 kbpd
6️⃣ 🇰🇼 Kuwait → ~144 kbpd
7️⃣ 🇦🇪 UAE → ~126 kbpd

8️⃣ 🇮🇷 Iran → ~85 kbpd
8️⃣ 🇷🇺 Russia → ~85 kbpd

📊 What stands out

• 🇸🇦 Saudi Arabia exports ~2.3× more than Qatar
• 🌍 Middle East dominates. 4 of top 7 exporters
• 🇺🇸 U.S. is the swing supplier. Shale-driven LPG surge
• ⚖️ 🇮🇷 🇷🇺 Sanctions ≠ collapse. Both still top 10 players

This chart is the most important warning nobody's talking about.

Global oil in transit just fell off a cliff.

That dark blue line? It collapsed in March 2026.

From 1,700 million barrels in transit to 1,430.

The largest single drop ever recorded.

But look at the red line.

OECD Europe + Americas commercial crude stocks?

Still rising.

How is that possible?

Because the shock hasn't arrived yet.

The West is still burning through the oil that was already at sea when Hormuz closed.

Ships that left the Gulf weeks ago are still delivering.
The pipeline of tankers is still trickling in.

But that blue line tells you the pipeline is almost empty.

Mid-April for Europe. May for the US.

When those last tankers dock there's nothing behind them and the red line starts falling.

The West thinks it has time because the shelves still look full.

They don't see the empty trucks on the highway.