Iraq's oil exports via Turkey surge to 500,000 bpd
Higher crude flows through Turkey indicate a resumption or expansion of Iraqi oil supply to 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
Canadian crude oil imports →Stands to benefitIraq accounts for 3.3% of Canadian crude oil imports, and the cited rise in exports through Turkey is a direct upside for that supplier country.
58% confidenceHop 2
Iraq →supply upIraq's export surge directly adds crude barrels to market, and this edge says Iraq supplies 4% of this feedstock, so its availability rises modestly.
81% confidenceHop 3
Crude Oil Feedstock →supply upCrude oil feedstock is a critical direct input, so higher crude availability should lift gasoline and diesel supply strongly.
96% confidenceCrude Oil Feedstock →supply upWith dependency strength at 1 and the input marked critical, more crude feedstock should directly increase home heating oil availability.
95% confidenceCrude Oil Feedstock →Stands to benefitA less substitutable crude feedstock input with long replacement lead time should benefit Irving Oil by easing its supply constraint.
Hop 4
Gasoline and diesel →supply upHigher Iraqi crude availability directly raises the refinery’s key feedstock for gasoline and diesel, so the input itself becomes more available.
92% confidenceHome heating oil →supply upCrude oil feedstock is the critical input for home heating oil, and a surge in Iraqi crude exports should ease feedstock tightness and raise its availability.
79% confidenceIrving Oil →supply upMore Iraqi crude moving through Turkey should modestly raise crude feedstock availability for Irving Oil, though the effect is limited by non-sole sourcing and some substitutability.