Bullboard - Stock Discussion Forum Tidewater Midstream and Infrastructure Ltd T.TWM.DB

Primary Symbol: T.TWM Alternate Symbol(s): T.TWM.W | TWMIF

Energy Oil & Gas Midstream

Tidewater Midstream and Infrastructure Ltd. is a diversified energy infrastructure company that is focused on natural gas processing, fractionation, liquids upgrading, storage and transportation, and marketing. The Company’s operations include downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage, and various renewable initiatives. Its... see more

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Tidewater Midstream and Infrastructure Ltd > Call me old (fashioned)

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Post by wynner on Mar 07, 2024 8:28am

Call me old (fashioned)

But diesel is not going away in my lifetime.

U.S. DISTILLATE stocks depleted by -4 million barrels over the seven days ending on March 1. Inventories were at the lowest seasonal level since 2022 and before that 2014. Stocks were -18 million barrels (-13% or -1.09 standard deviations) below the prior ten-year average. Diesel supplies remain tight despite the lacklustre state of manufacturing and freight activity:

EIA.