Saudi oil exports at risk as key pipeline remains offline
An offline pipeline is threatening Saudi oil export flows, creating a supply disruption for crude shipments.
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
Saudi Aramco →Shortage riskGlobal oil supply
Reuters says the East-West pipeline shutdown threatens up to 4% of global oil supply, so the Saudi outage tightens worldwide crude availability.
“East-West pipeline shutdown threatens up to 4% of global oil supply”
96% confidenceCited →Saudi Aramco →Prices riseBrent crude futures
Market reporting shows Brent futures jumped more than 2% after the Saudi strikes and pipeline closure, indicating an immediate price shock.
“Brent crude futures rose US$2.90, or 2.77 per cent, to US$107.51 per barrel as of 2313 GMT.”
95% confidenceCited →Canadian crude oil imports →Hop 2
Jet fuel →Prices riseGulf Coast crude oil feedstock (jet fraction)
Jet fuel production is highly dependent on this crude feedstock, and a Saudi crude production halt tightens supply and pushes feedstock prices higher.
95% confidenceSaudi Arabia →Shortage riskSaudi Arabia supplies 11.96% of this fuel category, so a crude-flow shutdown tightens marine fuel availability.
89% confidenceSaudi Arabia →Shortage riskDiesel and Heavy Fuel Oil (underground mining and backup power)
Hop 3
Bitumen / Asphalt Binder →Shortage riskBitumen/asphalt binder is a critical input to asphalt and paving materials, so a supply shock in binder directly constrains downstream output.
97% confidenceMarine Diesel and Bunker Fuel →Shortage riskSaudi Arabia supplies 11.96% of Marine Diesel and Bunker Fuel, so a crude production halt there can tighten this supply stream.
92% confidenceMarine Diesel and Bunker Fuel →Prices riseMarine Diesel and Bunker Fuel is a critical input to Seafood and fish, so higher fuel costs raise operating and distribution costs downstream.
Hop 4
ExxonMobil →Prices riseSaudi pipeline disruptions tighten crude supply and raise oil prices, which directly increases ExxonMobil's cost for crude oil feedstock even though it can partially substitute sourcing.
88% confidenceCement and concrete →Prices riseRotary Kiln Clinkering
The kiln is the most fuel-intensive cement stage, so higher oil/petcoke costs raise operating costs there.
72% confidenceCement and concrete →Prices riseBagging, Bulk Loading & Distribution
Higher oil prices lift diesel and freight costs for cement loading and distribution.
63% confidence
Where it lands
What you buy, and what you own.
Goods you buy
Jet fuel · Propane (home use) · Asphalt and paving materials · Seafood and fish · Motor oil & lubricants · Sulfuric acid · Cement and concrete · Fertilizers and crop inputs · Palladium and platinum group metals
In the MyPRIA app, this is checked against your own holdings.