Valero begins restart of Port Arthur, Texas refinery, sources say

Valero began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, two days after an explosion at the plant. Restarting the unit should help restore regional gasoline and diesel supply and limit near-term price and operational impacts, though timing to full rates and any damage assessments should be monitored for further effects on Valero and regional fuel markets.

Analysis

Valero began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, two days after an explosion at the plant. Restarting the unit should help restore regional gasoline and diesel supply and limit near-term price and operational impacts, though timing to full rates and any damage assessments should be monitored for further effects on Valero and regional fuel markets.