Chevron: επένδυση 7 δισ. δολαρίων στη Βενεζουέλα – Υπερδιπλασιάζει την παραγωγή πετρελαίου
A large investment reportedly doubles oil production in Venezuela, implying materially higher crude supply.
Source →The trace
How it reaches your house.
Starting from Chevron Corporation, 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
Chevron Corporation →supply upCrude oil
Chevron's expanded Venezuela operations are reported to lift crude output to as much as 1.5 million bpd, more than doubling current production, so crude supply rises materially.
“The 17 fields, in the vast Orinoco Belt and Lake Maracaibo, are expected to produce as much as 1.5 million barrels per day (bpd) of crude in the long term, which would more than double Venezuela's current output of 1.25 million bpd, authorities have said.”
83% confidenceCited →Chevron Corporation →supply upLubricant Base Oils (Group I/II/III) for Engine Oil & Industrial Lubricants
Chevron's higher oil output can modestly increase availability of lubricant base oils it supplies, but the effect is limited by its 8% market share and moderate substitutability.
46% confidenceHop 2
Lubricant Base Oils (Group I/II/III) for Engine Oil & Industrial Lubricants →supply upGroup I/II/III lubricant base oils are a critical input for motor oil and lubricants, so materially higher base-oil availability should ease downstream supply.
85% confidenceHop 3
Motor oil & lubricants →supply upLubricant Base Oils (Group I/II/III) for Engine Oil & Industrial Lubricants
Motor oil depends critically on lubricant base oils, so a large crude supply increase should ease feedstock constraints and make base oil supply more available.
68% confidence
Where it lands
What you buy, and what you own.
Goods you buy
Motor oil & lubricants
Companies you may own
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