CEC: California Diesel Stocks Up 23K Bbl W-o-W

MIAMI, FL (DTN) –California diesel stocks increased slightly in the week ending September 19, with Southern California diesel showing the largest movement, according to the California Energy Commission’s Weekly Fuels Report released Thursday (9/25).

Statewide diesel stocks, including CARB and other grades, climbed by 23,000 bbl to 3.103 million bbl in the reference week and 12% year over year.

In Northern California, overall diesel stocks fell by 50,000 bbl to 1.269 million bbl for the week ended September 19 but remained up 18% year-on-year. CARB diesel stocks in the north dropped by 5,000 bbl to 806,000 bbl week-on-week, while other diesel inventories fell by 45,000 bbl to 463,000 bbl.

Southern California diesel stocks climbed by 73,000 bbl to 1.834 million bbl and were up 8% on the year. CARB diesel stocks in the region dropped by 87,000 bbl to 756,000 bbl, while other diesel increased by 160,000 bbl to 1.078 million bbl.

Statewide diesel production climbed by 5,000 bbl to 1.473 million bbl but fell almost 11% year-on-year.

Southern California diesel production led the gains in output, rising by 48,000 bbl to 952,000 bbl week-on-week, although year-on-year it was down 11% — similar to the annual statewide drop.  CARB diesel output in the south climbed by 97,000 bbl to 440,000 bbl, while other diesel dropped by 49,000 bbl to 512,000 bbl.

Northern California diesel production fell by 43,000 bbl to 521,000 bbl and was down almost 10% from a year ago. CARB diesel output in the north climbed by 86,000 bbl to 475,000 bbl, while other diesel dropped by 129,000 bbl to 46,000 bbl.