CEC: Calif.CARB ULSD Stocks DN as Output Drops to 8wks Low
5/22 2:59 PM
CEC: Calif.CARB ULSD Stocks DN as Output Drops to 8wks Low OAKHURST, N.J. (DTN) --- California mandated ultra-low sulfur diesel supply declined for a third week through May 17 as a fourth straight weekly downturn in production of the fuel left output at the lowest level since the week ended March 22, the data shows in the California Energy Commission's latest Weekly Fuels Report. Statewide CARB ULSD production dropped 165,000 bbl to an eight-week low 731,000 bbl last week, 46.3% lower than the same week in 2023. Output at southern refineries accounted for the drop, down 173,000 bbl while refiners to the north lifted output 8,000 bbl. Total CARB ULSD inventory was off 83,000 bbl through May 17 to a five-week low 1.586 million bbl, 9.2% lower than the same week in 2023. Supply of the fuel at northern storage sites dropped 232,000 bbl but rose 149,000 bbl at southern facilities. CEC reports overall production of ULSD for-export out of state declined 46,000 bbl to 555,000 bbl last week with inventory down 14,000 bbl at 1.115 million bbl. Production of jet fuel across the state dropped 186,000 bbl as of May 17 to 1.913 million bbl while supply decreased 24,000 bbl to 3.215 million bbl. (c) Copyright 2024 DTN, LLC. All rights reserved.
 
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