CNOOC Limited brings on-stream 9 new projects, production continues to hit new highs
New upstream oil and gas projects coming online add supply capacity and raise production.
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
China Petroleum & Chemical Corp (Sinopec) — Materials →supply upNatural Gas (Haber-Bosch Feedstock and Fuel)
CNOOC's new upstream oil and gas projects add market gas supply, which should ease availability of Sinopec's natural-gas feedstock and fuel input.
64% confidenceChevron Corporation →supply upNatural gas wellhead production
CNOOC's new upstream oil and gas projects add supply to the broader natural-gas market, easing availability for this Chevron input; the transmission is modest because the edge reflects only a 4% market share and the input is reasonably substitutable.
54% confidenceConocoPhillips →supply upHop 2
Natural Gas (Haber-Bosch Feedstock and Fuel) →supply upAmmonia and nitrogen fertilizers
Natural gas is a critical Haber-Bosch feedstock and fuel, so more gas availability directly raises fertilizer output and availability.
96% confidenceNatural gas wellhead production →supply upHigher wellhead production directly increases the availability of residential natural gas, and this edge is marked critical with dependency_strength=1.
95% confidenceNatural Gas (Haber-Bosch Feedstock and Fuel) →Stands to benefitHop 3
EuroChem Group →supply upNatural Gas (Haber-Bosch Feedstock and Fuel)
More upstream oil and gas output increases natural gas availability, which directly eases EuroChem's feedstock and fuel procurement for Haber-Bosch operations.
78% confidenceYara International ASA →supply upNatural Gas (Haber-Bosch Feedstock and Fuel)
Natural gas is Yara's most important listed input here (20% share, low substitutability, 24-month replacement), so new upstream gas supply should materially ease availability and procurement pressure for that feedstock/fuel.
66% confidenceCF Industries Holdings →Prices ease