INVENTORY FINANCING AGREEMENT (Tables)

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table describes the Company's inventory balances by category (in thousands):

	As of June 30, 2023		As of December 31, 2022
Crude oil	$	64,552	$	59,131
Refined products	149,838		74,311
Re-refined products	1,282		2,031
Total hydrocarbon inventories	$	215,672	$	135,473

The following table summarizes our outstanding obligations under our inventory financing agreements (in thousands):

	June 30, 2023		December 31, 2022
Obligations under inventory financing agreement	$	162,846	$	119,189
Unamortized financing cost	(750)		(1,250)
Obligations under inventory financing agreement, net	$	162,096	$	117,939

Schedule of Inventory Cost

The following table summarizes the inventory intermediation fees, interest expenses and financing costs (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Intermediation fee	$	4,161	$	23,180	$	6,225	$	23,180
Inventory financing fees (include over/under)	$	(29)	$	1,235	$	2,266	$	1,235
Interest expense and financing costs, net	$	2,583	$	1,730	$	5,103	$	1,730