CEC: California Diesel Stocks Fall 20,000 Bbl on Week

MIAMI, FL (DTN) — California diesel inventories fell in the week ending November 14, led by sharp declines in Northern California, according to the California Energy Commission’s Weekly Fuels Report released Thursday (11/20).

Statewide diesel stocks, including CARB and other grades, sank by 20,000 bbl to 2.428 million bbl, down 4% year over year.

Northern California saw the largest movement this week, with total diesel inventories falling by 124,000 bbl to 978,000 bbl. Northern CARB diesel stocks fell by 235,000 bbl to 584,000 bbl, while Northern other diesel climbed by 111,000 bbl to 394,000 bbl.Northern diesel stocks were down 12% from last year.

Southern California diesel inventories climbed by 104,000 bbl to 1.45 million bbl, up 1% from last year. Southern CARB diesel climbed by 135,000 bbl to 777,000 bbl, while Southern other diesel fell by 31,000 bbl to 673,000 bbl.

Statewide diesel production climbed by 8,000 bbl to 1.429 million bbl, but was down 10% from last year.

Southern California diesel production led output this week, with total production climbing by 39,000 bbl to 930,000 bbl, though still down 12% annually.

Southern CARB diesel production climbed by 70,000 bbl to 548,000 bbl, while Southern other diesel fell by 31,000 bbl to 382,000 bbl.

Northern California diesel production fell by 31,000 bbl to 499,000 bbl, down 5% from the previous year. Northern CARB diesel output fell by 646,000 bbl to minus 78,000 bbl, while Northern other diesel climbed by 615,000 bbl to 577,000 bbl.