China pressured the U.S.; G7 agrees to release 100 million barrels of strategic reserves
A coordinated strategic petroleum reserve release would add crude oil supply to the market and ease tightness.
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
Crude Oil Feedstock →supply upCrude oil feedstock is a critical, fully dependent input for gasoline and diesel, so added crude supply should directly increase their availability.
97% confidenceCrude Oil Feedstock →supply upHome heating oil is also a critical crude-derived product, so a reserve-driven crude supply increase should raise its availability.
96% confidenceGulf Coast crude oil feedstock (jet fraction) →supply upA coordinated crude reserve release eases Gulf Coast feedstock tightness, and this critical input should translate directly into more jet fuel availability.
Hop 2
Marathon Petroleum Corporation →supply upGulf Coast crude oil feedstock (jet fraction)
The strategic reserve release directly adds crude supply and eases tightness in Marathon's key feedstock market; the edge is relevant despite only moderate dependency because this input still carries a 7% market-share weight and a 3-month replacement lead time.
94% confidenceValero Energy →Prices easeGulf Coast crude oil feedstock (jet fraction)
A coordinated SPR release adds crude supply and should ease prices for Valero's Gulf Coast crude feedstock, though the edge's modest share and moderate substitutability limit the size of the effect.
89% confidenceJet fuel →supply upHop 3
Chord Energy Corporation →Prices easeA coordinated SPR release should lower crude/feedstock prices, reducing input costs for refiner-customer Phillips 66; Chord sells about 21% of its product sales to Phillips 66, so the relationship is material.
79% confidenceChord Energy Corporation →Prices easeMarathon Petroleum Supply & Trading LLCMPC
The SPR release should ease crude tightness and lower feedstock costs for Marathon Petroleum's trading/refining operations; Chord reports Marathon accounts for about 12% of total product sales.
75% confidenceHop 4
Phillips 66 Company →supply upGulf Coast crude oil feedstock (jet fraction)
A strategic petroleum reserve release directly raises crude availability, so Phillips 66's Gulf Coast crude feedstock should become more available, though this input is only a 3% share with moderate substitutability.
91% confidenceMarathon Petroleum Supply & Trading LLC →supply upGulf Coast crude oil feedstock (jet fraction)
The SPR release directly adds crude barrels to the market, making this crude feedstock more available and easing Marathon's input tightness.
85% confidencePhillips 66 Company →Prices ease