Middle East oil exports rose to 12.8 million barrels per day in September
The headline indicates higher crude oil export flows from the Middle East, easing supply availability.
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 benefitSaudi Arabia supplies 4.9% of Canadian crude imports, and the Middle East export rebound was driven in part by surging Saudi shipments, so Saudi’s export position likely benefits from the higher flow.
79% confidenceSaudi Aramco →supply upRegional Middle East exports rising to 12.8 million bpd implies more crude available in the market, easing Aramco's crude feedstock supply; the effect is moderate because this input is only a 6% share and is not sole-sourced.
63% confidenceADNOC →supply upIndia
Reuters reported that ADNOC sold oil from the Middle East to India outside the Strait of Hormuz, so a rebound in regional export flows should increase available supply to Indian importers.
Hop 2
Crude Oil Feedstock →supply upCrude oil feedstock is a critical input for gasoline and diesel, so higher feedstock availability lifts downstream fuel supply.
97% confidenceCrude Oil Feedstock →supply upHome heating oil is a critical crude-derived output, so easing crude feedstock constraints increases its availability.
96% confidenceCrude Oil Feedstock →Stands to benefitWith lower crude feedstock constraint and low substitutability, Irving Oil benefits from easier input supply.
Hop 3
Mixed Natural Gas Liquids (NGL Stream) →supply upMixed NGL stream is a critical feedstock for propane home use, so greater NGL availability should directly raise propane supply.
95% confidenceGasoline and diesel →supply upHigher Middle East crude exports directly increase availability of the critical crude feedstock that gasoline and diesel depend on.
94% confidenceHDPE/LLDPE resin and pipe →supply upHDPE/LLDPE resin and pipe is a critical, high-dependency input to irrigation equipment, so easier resin supply should increase equipment availability.
Where it lands
What you buy, and what you own.
Goods you buy
Gasoline and diesel · Home heating oil · Propane (home use) · Irrigation equipment · Seafood and fish · Asphalt and paving materials · Cement and concrete
In the MyPRIA app, this is checked against your own holdings.