CEC: Refiners Boost CARB ULSD Production, Stocks Increase
3/23 10:35 AM
CEC: Refiners Boost CARB ULSD Production, Stocks Increase OAKHURST, N.J. (DTN) -- Refiners in California ramped up production of the state mandated ultra-low sulfur diesel after two weeks of lower output, with supply of the fuel also higher for the first time in three weeks, the latest California Energy Commission data show. According to the CEC's Weekly Fuels Report, CARB ULSD output increased 175,000 bbl to 1.187 million bbl, 2% higher than the same week in 2022. Production at northern facilities rose 143,000 bbl week-on-week while up 32,000 bbl at sites in the south. Statewide CARB ULSD inventory posted a 141,000 bbl build to 2.199 million bbl through March 17, 7% higher than this time last year. Supply in the north dropped 123,000 bbl but built by 264,000 bbl to the south. The data show refiners scaled back output of the for-export ULSD by 30,000 bbl on the week while supply of the fuel held higher a second week, up 75,000 bbl. Jet fuel production across the state recouped the prior week decline and then some, up 316,000 bbl to 2.280 million bbl, 55% above a year ago. At 3.230 million bbl, supply of the fuel edged up slightly week-over-week. (c) Copyright 2023 DTN, LLC. All rights reserved.
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