Bitumen / Asphalt Binder →supply up
Asphalt and paving materials
Bitumen/asphalt binder is a critical, high-dependency input to asphalt and paving materials, so easier binder supply should directly raise their availability.
94% confidence
Elemental Sulfur (from Oil/Gas Processing) →supply up
Sulfuric acid
Sulfur is a key feedstock for sulfuric acid, so eased sulfur supply increases sulfuric acid availability.
89% confidence
Gulf Coast crude oil feedstock (jet fraction) →supply up
Jet fuel
This feedstock is a critical 95%-dependent input to jet fuel, so eased crude shipments into the Gulf Coast should raise jet fuel availability.
89% confidence
Home heating oil →supply up
Crude Oil Feedstock
The tariff exemption eases crude export flows from Iraq and Gulf producers, increasing crude feedstock availability for home heating oil refining.
88% confidence
Gasoline and diesel →supply up
Crude Oil Feedstock
Crude oil feedstock is the direct, critical input to gasoline and diesel, so easing crude export tariffs should increase its availability to refineries.
88% confidence
Elemental Sulfur (from Oil/Gas Processing) →supply up
Fertilizers and crop inputs
Elemental sulfur is a critical input to fertilizer and crop-input production, so higher sulfur availability supports more output.
87% confidence
Mixed Natural Gas Liquids (NGL Stream) →Stands to benefit
Saudi Arabia
Saudi Arabia is explicitly covered by the tariff exemption and supplies 12% of this NGL stream, so continued shipments should benefit it directly.
79% confidence
Diesel and Heavy Fuel Oil (underground mining and backup power) →Stands to benefit
Iraq
The tariff exemption directly eases Iraqi export flows, and Iraq accounts for 4.5% of this fuel input's country-supply share.
79% confidence
Diesel and Heavy Fuel Oil (underground mining and backup power) →Stands to benefit
United Arab Emirates
The tariff exemption directly eases UAE export flows, and the UAE accounts for 4.2% of this fuel input's country-supply share.
78% confidence
Bitumen / Asphalt Binder →Stands to benefit
Nynas AB
Nynas AB is a direct consumer of bitumen/asphalt binder, and the supply easing benefits it given low substitutability and a long replacement horizon.
74% confidence
Mixed Natural Gas Liquids (NGL Stream) →supply up
Propane (home use)
Propane home use is almost entirely dependent on this NGL stream (0.98 critical dependency), so easier Gulf shipments should raise propane availability.
67% confidence
Gulf Coast crude oil feedstock (jet fraction) →Stands to benefit
ExxonMobilXOM
ExxonMobil is a listed consumer of this feedstock, so easier Gulf crude inflows modestly relieve its input constraint and support operations.
67% confidence
Gulf Coast crude oil feedstock (jet fraction) →Stands to benefit
Marathon Petroleum CorporationMPC
Marathon Petroleum is another listed consumer, so more feedstock availability should benefit its refining operations.
66% confidence
Gulf Coast crude oil feedstock (jet fraction) →Stands to benefit
Valero EnergyVLO
Valero's exposure to this Gulf Coast feedstock means the tariff relief improves input availability and lowers operational friction.
66% confidence
Gulf Coast crude oil feedstock (jet fraction) →Stands to benefit
Motiva Enterprises LLC
Motiva also draws from this feedstock, but its smaller listed share implies a more modest benefit from the supply easing.
62% confidence
Petroleum Coke (Fuel Grade) →Stands to benefit
Saudi Arabia
Saudi Arabia is a 12% supply-share country for fuel-grade petroleum coke, so an exemption that keeps Gulf export flows moving should help Saudi-linked shipments continue.
57% confidence
Marine Diesel and Bunker Fuel →supply up
World Kinect Corporation (World Fuel Services)WKC
As a 12% input-share marine fuel supplier with a one-month replacement lag, easier marine diesel and bunker fuel flows should raise its input availability.
50% confidence
Marine Diesel and Bunker Fuel →supply up
Peninsula Petroleum Ltd.
Its 8% share and short replacement horizon make it a modest beneficiary of easier marine diesel and bunker fuel supply.
46% confidence
