Geopolitics Alpha

Citgo refineries set quarterly throughput, distillate records

Published . Updated .

Key takeaways

  • Citgo’s three US refineries averaged 904,000 b/d of crude throughput in third-quarter 2026, setting quarterly records for combined crude runs and distillate production.
  • Exposed: CRAK, XLE, VLO, MPC, PSX
  • Market reaction: XLE +1.5% on the day; CRAK +0.7% on the day; VLO +3.1% on the day

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Citgo refineries set quarterly throughput, distillate records

Citgo’s three US refineries averaged 904,000 b/d of crude throughput in third-quarter 2026, setting quarterly records for combined crude runs and distillate production.

Directly affected

  • No company is named in this report.

Indirectly affected

  • CRAK VanEck Oil Refiners ETF

    VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story.

  • XLE Energy Select Sector SPDR+7.5% 30d

    Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story.

  • USO United States Oil Fund-1.1% 30d

    United States Oil Fund: its price follows crude oil. Linked by “crude” (oil) in this story.

  • XOM ExxonMobil Holdings-2.7% 17d

    ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story.

  • CVX Chevron+2.9% 30d

    Chevron (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story.

  • VLO Valero Energy-11.1% 30d

    Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story.

  • MPC Marathon Petroleum+2.5% 17d

    Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story.

  • SHEL Shell+0.8% 7d

    Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “crude” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRAK-1.31%-1.48%base+0.70%after closeafter closeafter close
XLE-2.64%-2.21%base+1.50%after closeafter closeafter close
USO+4.74%+0.82%base+3.43%after closeafter closeafter close
XOM-0.81%-1.14%base+1.84%after closeafter closeafter close
CVX-0.13%-1.13%base+1.51%after closeafter closeafter close
VLO-3.44%-1.90%base+3.10%after closeafter closeafter close
MPC-6.26%-3.19%base+2.55%after closeafter closeafter close
SHEL+2.32%+1.03%base+0.72%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Citgo refineries set quarterly throughput, distillate records Oil & Gas Journal

Source: Oil & Gas Journal

How far Vaneck Etf Trust (CRAK) has moved since 12 Nov 2026

CompanyWhenMoveStatus
Vaneck Etf Trust (CRAK)that day+0.70%final price
Vaneck Etf Trust (CRAK)three days earlier-1.48%final price
Vaneck Etf Trust (CRAK)five days earlier-1.31%final price
CVXthat day+1.51%final price
CVXthree days earlier-1.13%final price
CVXfive days earlier-0.13%final price
Marathon Petroleum (MPC)that day+2.55%final price
Marathon Petroleum (MPC)three days earlier-3.19%final price
Marathon Petroleum (MPC)five days earlier-6.26%final price
SHELthat day+0.72%final price
SHELthree days earlier+1.03%final price
SHELfive days earlier+2.32%final price
USOthat day+3.43%final price
USOthree days earlier+0.82%final price
USOfive days earlier+4.74%final price
Valero Energy (VLO)that day+3.10%final price
Valero Energy (VLO)three days earlier-1.90%final price
Valero Energy (VLO)five days earlier-3.44%final price
Select Sector Spdr Tr (XLE)that day+1.50%final price
Select Sector Spdr Tr (XLE)three days earlier-2.21%final price
Select Sector Spdr Tr (XLE)five days earlier-2.64%final price
ExxonMobil Holdings (XOM)that day+1.84%final price
ExxonMobil Holdings (XOM)three days earlier-1.14%final price
ExxonMobil Holdings (XOM)five days earlier-0.81%final price

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Vaneck Etf Trust (CRAK) on one side of this energy story

Companies mentioned with this story

  • CRAK Vaneck Etf Trust

    In “Citgo refineries set quarterly throughput, distillate records,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story

  • XLE Select Sector Spdr Tr

    For “Citgo refineries set quarterly throughput, distillate records,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story

  • VLO Valero Energy

    For “Citgo refineries set quarterly throughput, distillate records,” Valero Energy (VLO) is linked, with no stored direction, medium confidence. Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story

  • MPC Marathon Petroleum

    For “Citgo refineries set quarterly throughput, distillate records,” Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence. Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story

  • PSX Phillips 66

    For “Citgo refineries set quarterly throughput, distillate records,” Phillips 66 (PSX) is linked, with no stored direction, medium confidence. Reason on file: Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story

  • XOM ExxonMobil Holdings

    For “Citgo refineries set quarterly throughput, distillate records,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refineries” (refining) in this story

Vaneck Etf Trust (CRAK) and the energy link

Vaneck Etf Trust (CRAK) is the company in “Citgo refineries set quarterly throughput, distillate records,” the 12 Nov 2026 Energy story.

For Vaneck Etf Trust (CRAK), the reason on file says VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story

A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refineries” (refining) in this story

What this energy story puts on the calendar

VLO traded between 342.17 and 461.55 across 20 sessions. The latest close on file is 346.32. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70.

How solid the energy case looks

46 out of 100

“Citgo refineries set quarterly throughput, distillate records” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.