August 24, 2026 [ Argus]- Higher distillate prices since late February prompted US refiners to maximize diesel yields, with Citgo’s 471,000 b/d Lake Charles refinery hitting record distillate production in April.
Citgo reported record high ULSD exports from its Brownsville, Texas terminal in Q2 2026, more than doubling the previous peak set in Q3 2025 (volumes not disclosed), driven by global diesel shortages from the prolonged US-Iran war.
Higher distillate prices since late February prompted US refiners to maximize diesel yields, with Citgo’s 471,000 b/d Lake Charles, Louisiana refinery hitting record distillate production in April.
The Brownsville terminal’s export surge formed part of Citgo’s broader international cargo flows in the quarter, led by deliveries to Europe, the Caribbean and South Africa.
Strong refining margins lifted Citgo’s Q2 profit to $936 million, up sharply from $100 million a year earlier.
These results highlight how Gulf Coast terminal and refining infrastructure responded to disrupted global supply chains by ramping ULSD output and exports amid tight distillate markets.
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