CEC: Refined Fuel Production in California Fell Last Week
1/17 7:47 AM
CEC: Refined Fuel Production in California Fell Last Week OAKHURST, N.J. (DTN) --- The California Energy Commission's latest Weekly Fuels Report for the second week of January shows refiners again reduced overall distillates production while also throttling back gasoline and jet fuel output as crude oil inputs increased slightly. CEC reported crude oil inputs at state refineries gained 26,000 bbl to 11.599 million bbl in the week ended Jan. 11, 7.2% lower than the corresponding week in 2018. Crude oil inventories on-hand dropped 1.068 million bbl to 13.676 million bbl, 12.5% below supply held last year. According to the data, production of state mandated reformulated gasoline fell 247,000 bbl or 3.5% to 6.800 million bbl, 0.5% higher than the year prior. Supply of the fuel posted a 752,000 bbl build to 5.780 million bbl in the week ended Jan. 11, a near 20% year-over-year supply deficit. Output of for export gasoline tumbled 413,000 bbl on the week while overall gasoline production was down 660,000 bbl in the week profiled. Gasoline blending components supply rose 310,000 bbl to 6.362 million bbl in the week ended Jan. 11, 6.7% below the corresponding week last year. The agency reported CARB ULSD production rose 328,000 bbl in the week reviewed to 1.430 million bbl, 250,000 bbl below the same week last year. Output of ULSD for export out-of-state tumbled 393,000 bbl to 1.149 million bbl with overall distillate output down 65,000 bbl on the week. CARB ULSD stocks dropped 451,000 bbl as of the week ended Jan. 11 to 1.759 million bbl, 833,000 bbl lower than a year earlier. Supply of ULSD for export out-of-state posted a 577,000 bbl build to 2.375 million bbl. CEC data shows output of jet fuel dropped 321,000 bbl or about 13% to 2.216 million bbl while supply rose nearly 100,000 bbl to 3.277 million bbl. (c) 2019 DTN. All rights reserved.