CEC: California Diesel Stocks Up 96,000 Bbl on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) - California diesel inventories rose in the week ending 
November 28, led by sharp increase in Northern California, according to the 
California Energy Commission's Weekly Fuels Report released Thursday (12/4).

   Statewide diesel stocks, including CARB and other grades, climbed by 96,000 
bbl to total 2.517 million bbl, while remaining down by 2.5% year over year.

   Northern California saw the largest movement for the week, with diesel 
inventories rising by 279,000 bbl to 1.381 million bbl. Total Northern diesel 
stocks were up by 31% from last year.

   Northern CARB diesel stocks rose by 305,000 bbl to 980,000 bbl, while 
Northern another diesel fell by 26,000 bbl to 401,000 bbl.

   Southern California diesel inventories slid by 183,000 bbl to 1.136 million 
bbl, and were down by 25% from last year. Southern CARB diesel stocks tumbled 
by 199,000 bbl to 498,000 bbl, while Southern another diesel slipped by 16,000 
bbl to 638,000 bbl.

   On the production front, statewide diesel production rose by 79,000 bbl to 
total 1.347 million bbl, while remaining down by 24% from last year.

   Southern California diesel led output this week, with production falling by 
26,000 bbl to 842,000 bbl. Year-on-year though, output in the south remained 
down by 24%.

   Southern CARB diesel output fell by 137,000 bbl to 406,000 bbl, while 
production of another Southern diesel slipped by 111,000 bbl to 436,000 bbl.

   Northern California diesel production slipped by 53,000 bbl to 505,000 bbl, 
down by 25% from the previous year. Northern CARB diesel output rose by 88,000 
bbl to 451,000 bbl, while Northern another diesel tumbled by 141,000 bbl to 
54,000 bbl.




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