Wood wins contract to support $1.5bn Dung Quat Refinery expansion in Vietnam

The trace

How it reaches your house.

Starting from Hengyi Petrochemical, 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.

1. First impact

   Valero Energy →Prices rise

   Gulf Coast crude oil feedstock (jet fraction)

   Added refining capacity in Vietnam can increase global crude demand, which would raise Valero's crude feedstock costs on this direct input.

   34% confidence

   Valero Energy →Prices ease

   Grupo AeromexicoAERO

   Because Aeromexico buys fuel from suppliers such as Valero at market-based prices, extra petroleum-product capacity can soften jet-fuel prices and lower its fuel costs.

   31% confidence

2. Hop 2

   Gulf Coast crude oil feedstock (jet fraction) →Stands to benefit

   United States

   As the largest source region for this feedstock at 52% share, the United States would benefit most from tighter demand and firmer pricing if added Vietnamese refining capacity pulls on supply.

   56% confidence

   Gulf Coast crude oil feedstock (jet fraction) →Prices rise

   Valero EnergyVLO

   If the Vietnam refinery expansion increases pull on feedstock markets, this Gulf Coast jet-fraction input becomes costlier for Valero, which relies on it as a 7.5% supply source.

   54% confidence

   Gulf Coast crude oil feedstock (jet fraction) →Stands to benefit