South Bow Corp T.SOBO

Alternate Symbol(s): SOBO

Energy Oil & Gas Midstream

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. The Company connects Canadian crude oil supply to the strongest demand and refining markets in the United States Midwest and Gulf Coast. Its pipeline infrastructure, approximately 4,900 kilometers (km) (3,000 m), connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma and the United States Gulf Coast. The Canadian portion of the pipeline runs from Hardisty, Alberta, east through Manitoba where it turns south and crosses the border into North Dakota. In Alberta, its Grand Rapids Pipeline System (460 kilometers/287 mi) connects producing areas northwest of Fort McMurray, to terminals in the Edmonton/Heartland regions, including the TransMountain Terminal. Its White Spruce Pipeline System (72 km/45 mi) transports crude oil produced at the Canadian Natural Resources Limited Horizon Oil Sands Facility to the Grand Rapids Pipeline.

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South Bow Corp > Cushing Inventory levels

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Comment by Ocalamanon Oct 01, 2024 9:41am

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Post# 36248039

RE:Cushing Inventory levels

Causes of Inventory Decline

The primary factors contributing to this decline include:

TMX Operations: Since its expansion began in May 2024, the TMX has redirected about 400,000 barrels per day of Canadian crude away from U.S. markets, particularly affecting flows to the Gulf Coast
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Increased Demand: Concurrently, there has been a rise in demand for U.S. crude from European markets due to supply disruptions in Libya, further straining available inventories at Cushing
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Seasonal Drawdowns: Typically, inventory levels drop during the summer driving season as fuel demand increases; however, this year’s drawdown has been exacerbated by the TMX's operational changes
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