Russian oil production climbs above 9 million bpd in July
Russian oil output increased above 9 million barrels per day, adding crude supply to the market.
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
Rosneft →supply upHigher Russian crude output adds market supply of crude oil feedstock, easing availability for Rosneft’s input need, though the edge is only moderately strong and substitutable.
66% confidenceCanadian crude oil imports →supply upHigher Russian crude output adds market supply, which can ease crude feedstock availability and support downstream jet fuel output through this strong input dependency.
38% confidenceHop 2
Crude Oil Feedstock →supply upGasoline and diesel have a critical, fully dependent link on crude feedstock, so extra crude supply should lift their availability.
98% confidenceCrude Oil Feedstock →supply upHome heating oil is critically dependent on crude feedstock, so added crude supply should increase downstream availability.
97% confidenceCrude Oil Feedstock →Prices easePBF EnergyPBF
PBF Energy is directly exposed to crude feedstock, so extra supply should lower its input costs.
Hop 3
Home heating oil →supply upHigher Russian crude output directly adds to crude feedstock availability, and this is Home heating oil's critical, full-strength input.
96% confidenceExxonMobil →Prices easeHigher Russian crude output adds supply to the global crude market, which should put downward pressure on ExxonMobil's crude oil feedstock costs.
84% confidenceIrving Oil →supply upRosneft's higher output adds crude to the market, easing Irving Oil's crude feedstock availability on this input edge; the effect is meaningful but not extreme because the input is not sole-sourced and can be partly substituted.