Iraq negotiates over the largest oil shipment and calls for raising exports to 10 million barrels
The headline signals a potential increase in Iraqi crude oil export volumes, which would add supply to global oil markets.
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
Gulf Coast crude oil feedstock (jet fraction) →supply upThis crude feedstock is a critical, 0.95-strength input to jet fuel, so more availability can lift jet fuel supply.
85% confidenceSaudi Aramco →supply upIraq’s export increase adds crude supply to global markets, which should make Aramco’s crude oil feedstock more available, though the effect is moderated by the input’s partial substitutability and non-sole-supplier status.
82% confidenceCanadian crude oil imports →supply upIraq is a listed source of Canadian crude oil imports at a 3.3% share, and the reporting indicates Iraq is boosting crude export volumes, so supply from this source rises modestly.
Hop 2
Crude Oil Feedstock →supply upCrude oil feedstock is a critical, one-to-one input for gasoline and diesel, so higher crude supply should directly increase refined fuel availability.
97% confidenceCrude Oil Feedstock →supply upHome heating oil is likewise critically dependent on crude oil feedstock, so more crude supply should raise its output availability.
96% confidenceIraq →supply upHigher Iraqi crude export volumes directly increase the availability of Iraqi-sourced crude oil feedstock, and the graph assigns Iraq a 4% supply share here.
Where it lands
What you buy, and what you own.
Goods you buy
Jet fuel · Gasoline and diesel · Home heating oil
In the MyPRIA app, this is checked against your own holdings.