CEC: California Diesel Stocks Drop 234Kb on Week


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) --California diesel inventories retreated in the week ending 
October 31, led by sharp drawdowns in Northern California, according to the 
California Energy Commission's Weekly Fuels Report released Thursday (11/6).
Statewide diesel stocks, including CARB and other grades, declined by 234,000 
bbl to 2.555 million bbl, while remaining up 1% year over year.
Northern California diesel inventories recorded the largest movement, slipping 
by 238,000 bbl to 1.109 million bbl. CARB diesel stocks contracted by 261,000 
bbl to 729,000 bbl, while other diesel increased by 23,000 bbl to 380,000 bbl.
Southern California diesel inventories held relatively steady, easing by 4,000 
bbl to 1.446 million bbl. CARB diesel stocks decreased by 86,000 bbl to 598,000 
bbl. Other diesel rose by 90,000 bbl to 848,000 bbl.
Statewide diesel production dropped by 101,000 bbl to 1.396 million bbl in the 
week ending October 31, and was down 7% year over year.
Southern California led the decline in output, with total diesel production 
down 35,000 bbl to 919,000 bbl. CARB diesel output slipped by 12,000 bbl to 
522,000 bbl, and other diesel decreased by 23,000 bbl to 397,000 bbl.
Northern California diesel production was down 66,000 bbl to 477,000 bbl, 
marking a 13% annual decrease. CARB diesel output plunged by 273,000 bbl to 
130,000 bbl, while other diesel surged by 207,000 bbl to 347,000 bbl.




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