Oil from Venezuela is flowing into Texas, with lots more on the way
New crude oil flow into Texas indicates easing/resupply and a shift in crude sourcing and tanker movements.
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 is a critical 95%-dependent input link, so more Gulf Coast crude feedstock should directly raise jet fuel availability.
97% confidenceCrude Oil Feedstock →supply upCrude oil feedstock is a critical direct input to gasoline and diesel, so additional crude supply raises downstream refined-product availability.
97% confidenceCrude Oil Feedstock →supply upCrude feedstock is also a critical direct input to home heating oil, so more feedstock should increase output and availability.
Hop 2
Gasoline and diesel →supply upVenezuelan crude inflows into Texas directly resupply the critical crude feedstock that gasoline and diesel depend on, easing that input constraint.
93% confidenceJet fuel →supply upGulf Coast crude oil feedstock (jet fraction)
More Venezuelan crude entering Texas directly increases the availability of Gulf Coast jet-feed crude, a critical upstream input to jet fuel.
89% confidencePhillips 66 →supply up