INVENTORY FINANCING AGREEMENT (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table describes the Company's inventory balances by category as of December 31, (in thousands):

	As of December 31 2022		As of December 31, 2021
Crude oil	$	59,131	$	926
Refined products	74,311		4,729
Re-refined products	2,031		2,184
Total inventories	$	135,473	$	7,839

The following table summarizes our outstanding obligations under our inventory financing agreements as of December 31, 2022 (in thousands):

	December 31, 2022
Obligations under inventory financing agreement	$	119,189
Unamortized financing cost	(1,250)
Obligations under inventory financing agreement, net	$	117,939