INVENTORY FINANCING AGREEMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Schedule of Inventory

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

	As of March 31, 2024		As of December 31, 2023
Crude oil	$	72,966	$	60,702
Renewable feedstocks	24,920		27,450
Refined products	98,699		91,911
Re-refined products	2,394		2,057
Total hydrocarbon inventories	$	198,979	$	182,120

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

	March 31, 2024		December 31, 2023
Obligations under inventory financing agreements	$	169,656	$	141,343
Unamortized financing cost	—		(250)
Obligations under inventory financing agreements, net	$	169,656	$	141,093

Schedule of Inventory Cost

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

	Three Months Ended March 31,
	2024		2023
Intermediation fees (include over/under)	$	(41)	$	2,064
Inventory financing fees	$	2,063	$	2,295
Interest expense and financing costs, net	$	2,959	$	2,520