CEC: California Diesel Stocks Rose 27k bbl
MIAMI, FL (DTN) — California total diesel inventories edged higher in the week ending September 12 with Northern California reporting the largest build, according to the California Energy Commission’s latest Weekly Fuels Report.
Statewide diesel inventories, including CARB and other grades, climbed by 27,000 bbl to 3.042 million bbl in the reference week, 2.8% down from the same period of last year.
In Northern California, overall diesel inventories rose by 66,000 bbl to 1.281 million bbl in the profiled week, 14% lower from the same week the previous year. The increase was led by CARB diesel, which climbed by 64,000 bbl to 773,000 bbl, while other diesel stocks added 2,000 bbl to 508,000 bbl.
Southern California diesel inventories fell by 39,000 bbl to 1.761 million bbl as of September 12, a 2% decline year-over-year. CARB diesel in that region dropped by 33,000 bbl to 843,000 bbl and other diesel supply slipped by 6,000 bbl to 918,000 bbl in the same period.
Production across the state moved lower as total diesel output dropped by 211,000 bbl to 1.468 million bbl week-on-week, a 7% increase compared to the same period of last year.
Southern California led the decline with production down by 198,000 bbl to 904,000 bbl, driven by a 151,000 bbl drop in CARB diesel to 343,000 bbl and a 47,000 bbl decrease in other diesel to 561,000 bbl.
Northern California output edged higher by 7,000 bbl to 564,000 bbl last week, a 49% increase from the volume reported during the same perio the prior year. CARB diesel production in the region rose by 231,000 bbl to 389,000 bbl, while other diesel fell by 244,000 bbl to 175,000 bbl.
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