CEC: California RFG Output Up over 5%%, Diesel Output Drops
8/06 7:22 AM
CEC: California RFG Output Up over 5%, Diesel Output Drops OAKHURST, N.J. (DTN) --- California mandated reformulated gasoline production rose after three straight weekly declines while refiners reduced output of the state mandated diesel in the final week of July, the latest California Energy Commission data show. CEC's Weekly Fuels Report shows CARB RFG production rose 274,000 bbl to 5.550 million bbl, 14% lower than the corresponding week in 2019. CARB RFG inventories increased for the first time in three weeks, up 3.5% to 5.362 million bbl, an 18% year-over-year supply deficit. Data show production of gasoline for export out-of-state continued lower, sliding 314,000 bbl to 499,000 bbl last week while supply of the fuel also held to the downside, falling 8% to 1.054 million bbl. Supply of gasoline blending components declined 28,000 bbl to 4.966 million bbl in the week ended July 31. CARB ULSD production fell 144,000 bbl to a 10-week low 1.097 million bbl during the week profiled, 30.3% lower than output a year earlier while production of ULSD for export out-of-state rose 165,000 bbl to 664,000 bbl. CEC reported CARB ULSD supply was drawn down 301,000 to 2.041 million bbl in the week ended July 31, 13% below a year ago. Stocks of ULSD meeting federal standards declined 60,000 bbl to 1.408 million bbl. Jet fuel production in the state continued lower, down 56,000 to 795,000 bbl while supply of the fuel decreased 93,000 to 2.673 million bbl. Data show state refiners ramped up crude inputs for the first time in five weeks, up 280,000 bbl to 8.397 million bbl last week and 34.1% below the same week a year ago. The data show crude oil supply rose 310,000 bbl last week to 16.335 million bbl. (c) Copyright 2020 DTN, LLC. All rights reserved.
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