PVOIL secured 2 million barrels of crude oil from Iraq and will supply 3 million more by year-end
New crude supply agreements expand availability of oil feedstock from Iraq.
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 →supply upCrude oil feedstock is a critical input to gasoline and diesel, so additional Iraqi crude should increase downstream product availability.
96% confidenceGulf Coast crude oil feedstock (jet fraction) →supply upGulf Coast crude feedstock is a near-direct input to jet fuel, so more Iraqi-linked crude supply should raise jet fuel availability.
96% confidenceCrude Oil Feedstock →supply upCrude oil feedstock is a critical input to home heating oil, so more supply should ease that output constraint.
Hop 2
Home heating oil →supply upThe new Iraq crude agreements directly increase availability of the key crude feedstock that Home heating oil depends on, and this edge is a critical 1.0-strength input dependency.
95% confidenceIraq →supply upIraq's newly secured crude volumes directly expand supply of the Crude Oil Feedstock input, and the graph assigns Iraq a 4% share for that input, so the effect is positive but modest.
91% confidenceExxonMobil →supply up