Venezuela signs agreement with a U.S. oil company to explore two fields
A new upstream agreement could add future crude oil supply from Venezuelan fields.
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 upGrupo AeromexicoAERO
Aeromexico purchases fuel from local suppliers such as Chevron, so added Venezuelan crude availability could modestly improve Chevron's downstream fuel supply to the airline.
41% confidenceNynas AB →supply upTransformer Mineral Oil (Naphthenic Base Oil)
Venezuela's new agreements are explicitly meant to boost crude production, and Nynas depends on petroleum-derived naphthenic base oil, so the added upstream supply should modestly ease this input's availability.
38% confidenceChevron Corporation →supply upHop 2
Base oils (Group II/III) →supply upGroup II/III base oils are a critical, high-dependency input for lubricants and motor oil, so more base-oil availability should lift downstream supply.
77% confidenceTransformer Mineral Oil (Naphthenic Base Oil) →supply upAdditional Venezuelan crude supply can ease feedstock constraints for naphthenic base oil, making transformer mineral oil more available for transformer production.
38% confidenceHop 3
Lubricants and motor oil →supply upMore future crude supply from the Venezuelan agreement can ease this critical base-oils feedstock input for lubricants and motor oil.
43% confidence