CEC: Diesel Inventories Rise as Southern CARB Output Surges


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

    

    

   MIAMI (DTN) -- California diesel stocks rose for a second straight week, 
with production also ticking higher as Southern refiners more than doubled 
their output of CARB diesel in the week ending June 27, according to data from 
the California Energy Commission.

   Statewide diesel inventories rose by 173,000 bbl to 2.827 million bbl, led 
by a build in Northern California, which added 147,000 bbl to bring the total 
to 1.480 million bbl. That increase was driven by a 145,0000 bbl gain in other 
diesel fuel stocks, which rose to 573,000 bbl, while CARB diesel held flat at 
907,000 bbl.

   Southern California diesel inventories added 26,000 bbl to 1.347 million 
bbl, CARB diesel increased by 96,000 bbl to 514,000 bbl, while other diesel 
fuel fell by 70,000 bbl to 833,000 bbl the week ending June 27.

   Diesel production statewide rose by 159,000 bbl to 1.583 million bbl in the 
respective week, with Southern refineries driving the gain. Output in the 
region rose by 219,000 bbl to 1.082 million bbl, including a 257,000 bbl spike 
in CARB diesel production, which rose to 489,000 bbl. Northern diesel 
production fell by 60,000 bbl to 501,000 bbl on the week.




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