Venezuela president confirms oil agreement with the United States
A new oil agreement could change crude supply flows involving Venezuelan production and U.S. buyers.
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
Canadian crude oil imports →supply upReuters says the deal will boost investment in Venezuela and the BBC reports it will increase oil supply, so this small Venezuelan source of Canadian crude imports could become modestly more available.
41% confidenceNynas AB →Prices easeTransformer Mineral Oil (Naphthenic Base Oil)
The Venezuela-U.S. oil deal could ease crude/feedstock costs and, through Nynas’s 20% dependency on transformer mineral oil with only moderate substitutability, likely pushes this input’s price down rather than materially changing volume.
32% confidenceHop 2
Venezuela →supply upA new oil agreement that expands Venezuelan crude flows to U.S. buyers can modestly increase availability of crude oil feedstock, and Venezuela is a disclosed 3.5% source of this input.
67% confidenceVenezuela →supply upGulf Coast crude oil feedstock (jet fraction)
If the agreement loosens Venezuelan crude shipments into U.S. refining channels, this Gulf Coast feedstock can also see a small supply increase, with Venezuela listed as a 2.3% source.
57% confidenceHop 3
Crude Oil Feedstock →Stands to benefitThe agreement directly supports Venezuelan crude export flows, so Venezuela benefits even though its share of this feedstock basket is only 3.5%.
82% confidenceCrude Oil Feedstock →supply upCrude oil feedstock is a critical input, so any easing of Venezuelan crude flows should modestly increase downstream gasoline and diesel availability.
70% confidenceCrude Oil Feedstock →supply upHome heating oil also depends critically on crude oil feedstock, so improved Venezuelan supply access should raise its availability somewhat.
Where it lands
What you buy, and what you own.
Goods you buy
Gasoline and diesel · Home heating oil
Companies you may own
No named companies on this path.
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