Venezuela reaches its highest level of oil production and narrows the exchange-rate gap to 12.3 percent
Higher Venezuelan crude output indicates added supply to the oil market.
Source →The trace
How it reaches your house.
Starting from Nynas AB, 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
Crude Oil Feedstock →supply upCrude oil feedstock is a critical, fully dependent input to gasoline and diesel, so higher crude supply should raise refined fuel availability.
98% confidenceCrude Oil Feedstock →supply upHome heating oil is also a critical downstream product of crude feedstock, so added crude supply should ease its availability.
97% confidenceCrude Oil Feedstock →Stands to benefitIrving Oil's low substitutability and long replacement lead time imply that more crude feedstock should materially help its sourcing and operations.
Hop 2
Venezuela →supply upThis is the most direct match to the shock, and Venezuela is listed as a 3.5% supplier, so higher output should increase feedstock supply.
92% confidenceBitumen / Asphalt Binder →supply upBitumen/asphalt binder is a critical input to asphalt and paving materials, so added Venezuelan-linked supply should lift downstream availability.
92% confidenceHome heating oil →supply upHigher Venezuelan crude output increases crude availability, directly easing the critical crude oil feedstock input for home heating oil production.
Hop 3
Oxidized Asphalt / Bitumen →supply upOxidized asphalt/bitumen is a critical input to roofing materials, so more bitumen should raise roofing-material availability.
94% confidenceOxidized Asphalt / Bitumen →Stands to benefitA larger bitumen supply eases this company's input constraint, and its 30% share plus 6-month replacement time make the effect meaningful.
80% confidenceLanthanum Oxide (FCC additive) →Stands to benefit
Where it lands
What you buy, and what you own.
Goods you buy
Gasoline and diesel · Home heating oil · Asphalt and paving materials · Electric grid transformers · Roofing materials
Companies you may own
Irving OilEnbridge Inc.XOMCalumet Inc.600111.SSW.R. Grace & Co.TOPSOE.COBAS.DEChina Minmetals Rare Earth Co.APDLINSinopec Catalyst Company (SCC)ALBShenghe Resources Holding Co., Ltd.Air Liquide S.A.Shell Catalysts & TechnologiesLynas Rare Earths Ltd.Clariant Catalysts
Tap a company to see what it told the SEC could break it.
In the MyPRIA app, this is checked against your own holdings.