Crude Oil Feedstock →supply up
Gasoline and diesel
More crude feedstock directly raises refinery output of gasoline and diesel, so availability should increase.
98% confidence
Crude Oil Feedstock →supply up
Home heating oil
Higher crude feedstock supply supports more heating-oil production, increasing downstream availability.
97% confidence
Saudi Arabia →supply up
Marine Diesel and Bunker Fuel
Saudi Arabia supplies a meaningful share of marine diesel and bunker fuel, so restored crude/export flow should increase availability.
92% confidence
Jet fuel →Prices ease
Gulf Coast crude oil feedstock (jet fraction)
Saudi Arabia's restored crude exports add global oil supply, which should push down crude feedstock costs for jet fuel production, and this is a critical, highly dependent input.
87% confidence
ExxonMobil →Prices ease
Crude Oil Feedstock
Saudi Arabia's restored crude exports add supply to the market, which should lower ExxonMobil's crude feedstock costs on this input link.
86% confidence
Crude Oil Feedstock →Stands to benefit
Irving Oil
As a crude-feedstock-dependent company with limited substitutability, Irving Oil benefits from easier feedstock access and less supply friction.
86% confidence
Crude Oil Feedstock →Prices ease
United States
A global crude supply increase puts downward pressure on prices, which hurts major supplier countries tied to this feedstock.
84% confidence
Saudi Arabia →supply up
Bitumen / Asphalt Binder
Saudi Arabia has a material share of bitumen supply, and more crude flow supports more downstream bitumen availability.
83% confidence
Crude Oil Feedstock →Prices ease
Canada
Canada's crude-supply exposure makes it vulnerable to the lower benchmark prices implied by rising crude feedstock supply.
83% confidence
Saudi Arabia →supply up
Petroleum Coke (Fuel Grade)
Saudi Arabia supplies a noticeable portion of fuel-grade petroleum coke, so restored exports should lift available supply.
82% confidence
Crude Oil Feedstock →Stands to benefit
PBF EnergyPBF
More available crude feedstock is a positive for a refiner like PBF Energy because it lowers input tightness and supports throughput.
82% confidence
Marathon Petroleum Corporation →supply up
Gulf Coast crude oil feedstock (jet fraction)
Saudi crude export resumption increases crude availability and can improve supply conditions for Marathon's Gulf Coast crude oil feedstock, a real input with a 7% share and moderate replacement lead time.
81% confidence
Valero Energy →Prices ease
Grupo AeromexicoAERO
Aeromexico buys fuel from local suppliers including Valero, and because those fuel prices are generally benchmarked to oil-market indices, a Saudi supply-driven crude price decline should lower its jet-fuel costs.
67% confidence
Motiva Enterprises LLC →Prices ease
Gulf Coast crude oil feedstock (jet fraction)
Saudi Arabia's resumed crude exports add supply and pressure crude prices lower, which should make Motiva's Gulf Coast crude feedstock cheaper, though this dependency is only a small share of its input mix.
63% confidence
