Asian refiners scoop up US crude
Asian refiners are increasing purchases of US crude oil, shifting supply flows toward Asian buyers.
Source →The trace
How it reaches your house.
Starting from Canadian crude oil imports, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Crude Oil Feedstock →Prices riseCrude oil is a critical feedstock for gasoline and diesel, and tighter U.S. crude availability plus higher crude costs should pass through to higher product prices.
95% confidenceCrude Oil Feedstock →Prices riseHome heating oil is also made from crude feedstock, so a squeeze in U.S. crude supply should raise its input costs and retail price.
90% confidenceGulf Coast crude oil feedstock (jet fraction) →Shortage riskThis feedstock is marked as a critical 95%-dependent input to jet fuel, so tighter Gulf Coast availability from export pull should transmit as a jet fuel shortage.
88% confidenceCrude Oil Feedstock →Stands to benefitThe U.S. supplies 43% of this feedstock node, and stronger Asian buying of U.S. crude should support U.S. exporters through higher demand and realized prices.
78% confidenceCanadian crude oil imports →Shortage riskIf Asian refiners divert more crude toward Asia, Canadian crude import availability can tighten and that directly constrains the crude feedstock used to make jet fuel.
67% confidenceFrontline plc →Prices riseVLCC spot average
More long-haul crude voyages into Asia tighten VLCC availability, and TradeWinds reported Frontline fixtures helping lift the VLCC spot average above $300,000 per day.
“Fixtures by John Fredriksen’s Frontline help lift VLCC spot average above $300,000 per day”
56% confidenceCited →Hop 2
Jet fuel →Shortage riskGulf Coast crude oil feedstock (jet fraction)
Asian refiners bidding up US crude can tighten the Gulf Coast feedstock stream used to make jet fuel, and this input is critical to production.
88% confidenceHome heating oil →Shortage riskHome heating oil is wholly dependent on crude oil feedstock, so Asian refiners pulling more US crude can tighten that input and make it scarcer for this product.
82% confidenceGasoline and diesel →Prices rise
Where it lands
What you buy, and what you own.
Goods you buy
Gasoline and diesel · Home heating oil · Jet fuel
Companies you may own
No named companies on this path.
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In the MyPRIA app, this is checked against your own holdings.