MARKETWIRE ALERTS

MARKETWIRE ALERTS 

MarketWire Afternoon News for February 5th:

Updated at 5:00 PM ET 

HEADLINES:

— CEC: California Diesel Stocks Fall 148,000 Bbl on Week  

— BTS: U.S. Airlines Jet Fuel Usage Up 8.8% in December

— Green Plains Back to Profit in Q4 Amid New Carbon Capture

— Phillips 66 Reports 1-Month Flaring at Wilmington Refinery

— EIA: US NatGas Storage Reports 360 Bcf Weekly Withdrawal

— CEC: California Gasoline Stocks Slip 28,000 Bbl on Week

— ConocoPhillips Q4 Profit Dips 40% on Year on Oil Price Drop

— Shell Q4 Earnings Fall 11% Y-o-Y Amid Weak Crude Prices

NEWS:

CEC: California Diesel Stocks Fall 148,000 Bbl on Week

California diesel inventories declined in the week ending January 30, pressured by draws in both Northern and Southern California, according to the California Energy Commission’s Weekly Fuels Report released Thursday (2/5).
Statewide CARB diesel and other diesel fuel stocks tumbled by 148,000 bbl to 2.663 million bbl, though still 15% lower than the previous year.
Northern California diesel inventories slipped by 4,000 bbl to 1.299 million bbl in the profiled week, but remained 15% below year-ago levels.
Northern CARB diesel stocks fell by 35,000 bbl to 871,000 bbl, week-over-week. Northern other diesel fuel stocks climbed by 31,000 bbl to 428,000 bbl.
Southern California diesel inventories declined by 144,000 bbl to 1.364 million bbl last week, 15% down from the same week last year.
Southern CARB diesel stocks rose by 37,000 bbl to 810,000 bbl on a weekly basis, while Southern other diesel fuel stocks fell by 181,000 bbl to 554,000 bbl in the same period.
Statewide diesel production climbed by 73,000 bbl to 1.548 million bbl on week, up 14% from 2025.
Southern California diesel production was nearly flat at 1.078 million bbl  week-over-week, but 59% higher than last year.
Last week, Southern CARB diesel production increased by 6,000 bbl to 729,000 bbl, while Southern other diesel fuel production slipped by 7,000 bbl to 349,000 bbl.
During the profiled week, Northern California diesel production rose by 74,000 bbl to 470,000 bbl, but remained 31% below year-ago levels.
Northern CARB diesel production climbed by 57,000 bbl to 325,000 bbl in the week ended January 30, while Northern other diesel fuel production increased by 17,000 bbl to 145,000 bbl in the same week.

BTS: U.S. Airlines Jet Fuel Usage Up 8.8% in December

U.S. scheduled service airlines consumed 8.8% more fuel in December than in November, according to data released Thursday (2/5) by the Bureau of Transportation Statistics.

Jet fuel consumed by airlines in December totaled 1.614 billion gallons compared to 1.483 billion gallons in November. Consumption rose 1.1% year-on-year from the 1.597 billion gallons used in December 2024.

Total fuel expenditure for the airlines rose to $3.74 billion in December from $3.59 billion in November. This spending increased by 0.7% compared to the $3.71 billion recorded in December 2024.

The average price of $2.32 per gallon in December was 4.2% lower than the November rate. This price decreased by 0.4% year-on-year from the $2.33 paid during December 2024.

Green Plains Back to Profit in Q4 Amid New Carbon Capture

Green Plains Inc reported on Thursday (2/5) that it returned to profitability in the fourth quarter of 2025 as it successfully commissioned carbon capture operations at three Nebraska ethanol facilities.

The company reported fourth quarter net income of $11.9 million, recovering from a $54.9 million net loss during the same three-month period in 2024, driven by the startup of carbon capture equipment at plants in Central City, Wood River and York, and significantly lower carbon intensity in its production.

Green Plains’ ethanol production segment sold 178.8 million gallons during the quarter, down from 209.5 million gallons a year ago following the strategic sale of its Obion, Tennessee plant. Despite lower volumes, the consolidated ethanol crush margin improved to $44.4 million compared with a loss of $15.5 million in the prior year period.

Operational efficiency remained relatively high as the company’s eight remaining ethanol plants achieved a 97% utilization rate during the fourth quarter.

For 2026, Green Plains anticipates generating at least $188 million in tax-credit-related EBITDA based on current production outlooks and carbon intensity factors.

Phillips 66 Reports 1-Month Flaring at Wilmington Refinery

Phillips 66 reported on Thursday (2/5) a one-month flaring event at its 139,000 bpd Wilmington, California refinery, as part of the process to definitively close the facility. 

The flaring began at 8:13 a.m. PT on Monday (2/2) and was expected to continue through 11:59 p.m. PT on Sunday (3/1), according to a company filing with the South Coast Air Quality Management District.

The flaring was attributed to start-up/shut-down operations, according to the filing. 

Phillips 66 had publicly announced plans to stop refining operations at its Wilmington refinery by the end of 2025, but continues to operate.

EIA: US NatGas Storage Reports 360 Bcf Weekly Withdrawal

Energy Information Administration data released midmorning Thursday (2/5) show a 360 billion cubic feet withdrawal from U.S. natural gas storage to 2.463 trillion cubic feet in the week ended January 30.
Natural gas in U.S. storage is 1.7% higher than last year and 1.1% below the five-year average of 2.49 Tcf.
Regionally, EIA reports the East registered a 75 Bcf withdrawal to 502 Bcf, 2.1% less than a year ago and 8.9% lower than the five-year average.
Natural gas in storage in the Midwest decreased 92 Bcf week-on-week to 584 Bcf, a 4.7% deficit compared to the same week a year ago and 11.6% lower than the five-year average.
Mountain region natural gas in storage decreased 15 Bcf, up 5.4% year-on-year to 33.1% above the five-year average.
South Central storage fell 159 Bcf to 891 Bcf, 3.5% more than in the same week last year and 2.1% below the five-year average.

CEC: California Gasoline Stocks Slip 28,000 Bbl on Week

California gasoline inventories declined slightly in the week ending January 30, pressured by modest draws in both Northern and Southern California, according to the California Energy Commission’s Weekly Fuels Report released Thursday (2/5).

Statewide gasoline stocks, including CARB reformulated, non-California, and blending components, fell by 28,000 bbl to 11.094 million bbl, though still 3% lower than the same period last year.

Northern California gasoline inventories slipped by 17,000 bbl to 5.925 million bbl but remained 6% higher than year-ago levels.

Northern CARB reformulated gasoline stocks climbed by 123,000 bbl to 3.883 million bbl. Northern non-California gasoline stocks fell by 50,000 bbl to 327,000 bbl, while Northern blending components declined by 90,000 bbl to 1.715 million bbl.

Southern California gasoline inventories edged lower by 11,000 bbl to 5.169 million bbl, though 11% lower than a year earlier.

Southern CARB reformulated gasoline stocks rose by 15,000 bbl to 2.068 million bbl. Southern non-California gasoline stocks increased by 86,000 bbl to 485,000 bbl, while Southern blending components fell by 112,000 bbl to 2.616 million bbl.

Statewide gasoline production increased by 478,000 bbl to 5.685 million bbl, up 2% from the prior year.

Southern California gasoline production rose by 203,000 bbl to 3.624 million bbl, up 1% year over year.

Southern CARB reformulated gasoline production spiked by 74,000 bbl to 3.255 million bbl, while Southern non-California gasoline production rose by 129,000 bbl to 369,000 bbl.

Northern California gasoline production increased by 275,000 bbl to 2.061 million bbl, up 4% from last year.

Northern CARB reformulated gasoline production climbed by 334,000 bbl to 1.992 million bbl.

ConocoPhillips Q4 Profit Dips 40% on Year on Oil Price Drop

ConocoPhillips reported fourth-quarter 2025 earnings of $1.4 billion on Thursday (2/5), down 40% year-on-year due to lower oil prices.

The average realized price for crude during the profiled quarter was $42.46 bbl. That was a 19% decrease from the $52.37 bbl marked during the fourth quarter of 2024, when earnings were at $2.3 billion.

Lower prices were partially offset by higher volumes, with quarterly production reaching 2.32 million bpd, an increase of 137,000 bpd compared with the fourth quarter of 2024.

Full-year 2025 production averaged 2.38 million bpd, reflecting 2.5% underlying growth after adjusting for the integration of Marathon Oil and various asset dispositions.

Conoco announced a 2026 production target of 2.33 to 2.36 million bpd.

Shell Q4 Earnings Fall 11% Y-o-Y Amid Weak Crude Prices

Shell announced on Thursday (2/5) adjusted earnings of $3.3 billion for the fourth quarter of 2025, an 11% drop compared to the same period last year and 40% lower than the prior quarter, driven by weaker crude prices and despite higher refining margins.

A softer macroeconomic environment and lower realized liquids prices impacted Shell’s operations for the quarter in review. Brent crude prices averaged $69 bbl for the full year 2025 from the 2024 average of $81 bbl.

Realized liquids prices for the integrated gas segment fell to $55 bbl in the fourth quarter from $58 bbl in the third quarter. Realized gas prices for the same segment slid to $6.80 per thousand standard cubic feet from $7.30.

Shell’s global indicative refining margin for the fourth quarter rose to $13.80 bbl, up from $11.60 bbl reported in the prior year. Refinery utilization for the quarter was at 95% compared to 96% in the third quarter.

Upstream production for the quarter reached 1.89 million bpd, an increase from the 1.83 million bpd reported in the third quarter. Integrated Gas production also saw an increase to 948,000 bpd from 934,000 bpd in the previous quarter.