CEC: California Diesel Stocks Up 83K Bbl on Week

SECAUCUS, NJ (DTN) — California diesel stocks increased slightly in the week ending September 26, with inventories in the state’s northern region showing the largest upward move, the California Energy Commission’s Weekly Fuels Report released Thursday (10/1) showed.

Statewide diesel stocks, including CARB and other grades, climbed by 83,000 bbl to 3.186 million bbl in the reference week and 12% year-over-year.

In Northern California, overall diesel stocks surged by 58,000 bbl to 1.327 million bbl for the week ended September 26 but remained up 11% from the same week the prior year. CARB diesel stocks in the north rose by 137,000 bbl from the prior week to 943,000 bbl, while other diesel inventories climbed by 79,000 bbl to 384,000 bbl.

Southern California diesel stocks were higher by 25,000 bbl to 1.859 million bbl last week, showing a year-on-year gain of 13%. CARB diesel stocks in the region increased by 161,000 bbl to 917,000 bbl during the week, while other diesel dropped by 136,000 bbl to 942 million bbl.

On the production front, diesel output for all of California fell by 68,000 bbl to 1.473 million bbl. Annually, the slide was about 7%.

Southern California diesel production led the declines, sliding by 72,000 bbl to 880,000 bbl week-on-week, and 12% year-on-year.  

CARB diesel output in the south bucked the broader trend, rising by 145,000 bbl for the week to 585,000 bbl. But that gain was offset by other diesel production in the region, which tumbled by 217,000 bbl to 295,000 bbl.

Production in Northern California was virtually flat for both the week and year. Diesel output here rose by a marginal 4,000 bbl both week-on-week and year-on-year to 525,000 bbl.

CARB diesel output in the north, meanwhile, climbed by 61,000 bbl during the week to 536,000 bbl, while that of other diesel fell to a negative 11,000 barrels from the prior week’s 46,000 bbl.