INVENTORY FINANCING AGREEMENT (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Schedule of Inventory

The following table describes the Company's inventory balances by category as of December 31, 2023 and 2022 (in thousands):

	As of December 31 2023		As of December 31, 2022
Crude oil	$	60,702	$	59,131
Renewable feedstocks	27,450		—
Refined products	91,911		74,311
Re-refined products	2,057		2,031
Total inventory	$	182,120	$	135,473

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

	December 31, 2023		December 31, 2022
Obligations under inventory financing agreement	$	141,343	$	119,189
Unamortized financing cost	(250)		(1,250)
Obligations under inventory financing agreement, net	$	141,093	$	117,939

Schedule of Inventory Cost

The following table summarizes the inventory intermediation fees, financing costs, which are included in cost of sale, and interest expenses (in thousands):

	For the Year Ended December 31,
	2023		2022
Intermediation fee	$	19,756	$	50,766
Inventory financing fees (include over/under)	$	6,389	$	(5,450)
Interest expense and financing costs, net	$	11,553	$	6,912