Oil slips as Middle East crude exports rise, G7 to release stocks
Higher crude exports and stock releases indicate increased oil supply available to the market.
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
Gulf Coast crude oil feedstock (jet fraction) →supply upThis feedstock is a critical upstream input to jet fuel, so greater crude availability should raise jet fuel supply.
95% confidenceGulf Coast crude oil feedstock (jet fraction) →Stands to benefitExxonMobilXOM
ExxonMobil has the largest listed exposure on this input, so more feedstock availability should ease its refining input constraint.
82% confidenceGulf Coast crude oil feedstock (jet fraction) →Stands to benefitValero is a direct consumer of this feedstock, and higher availability should improve its access to a key refinery input.
Hop 2
Marathon Petroleum Corporation →supply upGulf Coast crude oil feedstock (jet fraction)
The crude-supply shock directly increases availability of Marathon's Gulf Coast crude feedstock (jet fraction), though the effect is only moderate because this source is about 7% of the input mix and is substitutable.
89% confidenceExxonMobil →Prices easeHigher crude exports and stock releases increase crude availability, which should push ExxonMobil's crude feedstock costs lower.
89% confidencePhillips 66 →Prices easeHop 3
Crude Oil Feedstock →supply upCrude oil feedstock is a critical, one-to-one input here, so higher crude availability should increase home heating oil output availability.
96% confidenceCrude Oil Feedstock →supply upCrude oil feedstock is a critical, one-to-one input here, so higher crude availability should increase gasoline and diesel output availability.
96% confidenceChord Energy Corporation →Prices easeHop 4
Phillips 66 Company →supply upGulf Coast crude oil feedstock (jet fraction)
Higher crude exports and stock releases should make Phillips 66's Gulf Coast crude feedstock more available, though the effect is only moderate because the edge shows a small share and some substitutability.
93% confidenceHome heating oil →supply upHigher crude exports and stock releases increase crude availability, and home heating oil has a critical, full-strength dependency on crude oil feedstock.
92% confidenceMarathon Petroleum Supply & Trading LLC →supply up