Valero Prepares to Restart Massive Texas Refinery After Explosion

Valero Energy is set to restart later this week its major oil refinery in Port Arthur, Texas, after an explosion and a fire forced a shutdown earlier this week, sources with knowledge of the refinery’s operations told Reuters on Wednesday. Valero on Tuesday shut down its Port Arthur refinery after an explosion late on Monday set a diesel processing unit on fire. The refinery capable of processing 380,000 barrels per day (bpd) of crude is one of the largest in the United States and the U.S. Gulf Coast. The refinery’s…