CEC:California Crude Inputs Up, Refined Fuels Output Mixed
3/21 7:51 AM
CEC:California Crude Inputs Up, Refined Fuels Output Mixed OAKHURST, N.J. (DTN) --- The California Energy Commission's latest Weekly Fuels Report shows refiner crude inputs in the state continued higher in the week ended March 15 while production of the state mandated reformulated gasoline and diesel fuel remained mixed and output of jet fuel increased. Data showed crude oil inputs at state refineries rose 407,000 bbl or 3.5% to 11.977 million bbl last week, down 3.1% versus the same week in 2018. CEC reported crude oil inventories posted a 378,000 bbl build to 15.954 million, a 3.0% year-over-year supply surplus. For the week profiled, production of CARB RFG climbed 617,000 bbl to 6.762 million bbl, up 1.4% versus the same week in 2018. Output of for export gasoline rose 279,000 bbl with overall gasoline production 896,000 bbl week-on-week. CARB RFG inventories posted a 404,000 bbl build to 6.265 million bbl, 22.2% below the corresponding week last year. The agency reported supply of the for-export fuel increased 148,000 bbl in the week-ended March 15. Gasoline blending components supply dropped 509,000 bbl last week to 6.352 million bbl, about 13% above stocks held the corresponding week in 2018. Data showed CARB ULSD production gained 37,000 bbl in the week reviewed to 1.551 million bbl, up over 12% versus a year earlier. Output of for export ULSD declined 50,000 bbl to 1.403 million bbl with overall distillate output down 13,000 bbl last week. CARB ULSD stocks were again drawn down, falling 199,000 bbl to 1.945 million bbl. Compared with this time last year, supplies of the fuel were up about 4%. Inventory of ULSD for export out-of-state rose 166,000 bbl to 2.101 million bbl. Jet fuel production continued higher last week, up 117,000 bbl to 2.312 million bbl and supply rose 265,000 bbl to 3.321 million bbl. (c) 2019 DTN. All rights reserved.
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