Elliott Investment Management Archives

Citgo sets record for ultra-low-sulfur diesel exports from its Texas terminal

August 18, 2026August 18, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— U.S. refiner Citgo posted record exports of ultra-low-sulfur diesel (ULSD) from its Brownsville, Texas, terminal during the second quarter, as the prolonged war between the United States and Iran continued to restrict global supplies of the fuel. According to the company’s earnings release, second-quarter ULSD export sales in Brownsville more than doubled […]

Citgo’s quarterly profit soars to $936 million

August 14, 2026August 14, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Venezuelan-owned U.S. refiner Citgo Petroleum reported a net profit of $936 million in the second quarter of the year, sharply higher than the $100 million it reported during the same period a year earlier, according to Reuters. Developments in the international energy market drove the company’s stronger financial results, “amid stronger refining […]