Inventories

Inventories at September 30, 2017 consisted of the following (in thousands):



	Titled Inventory		Supply and Offtake Agreements (1)		Total
Crude oil and feedstocks	$	64,208	$	71,371	$	135,579
Refined products and blendstock	52,734		110,222		162,956
Warehouse stock and other	21,329		—		21,329
Total	$	138,271	$	181,593	$	319,864

Inventories at December 31, 2016 consisted of the following (in thousands):



	Titled Inventory		Supply and Offtake Agreements(1)		Total
Crude oil and feedstocks	$	11,620	$	49,682	$	61,302
Refined products and blendstock	38,916		77,677		116,593
Warehouse stock and other	20,431		—		20,431
Total	$	70,967	$	127,359	$	198,326

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(1)	Please read Note 7—Inventory Financing Agreements for further information.

There was no reserve for the lower of cost or net realizable value of inventory as of September 30, 2017. As of December 31, 2016, the reserve for the lower of cost or net realizable value of inventory was $0.2 million.