Explosion Reported At Valero's Port Arthur Refinery, Police Advises Citizens To Shelter In Place

A significant explosion occurred at Valero Energy Corp.'s Port Arthur refinery in Texas, which has a production capacity of 380,000 barrels per day. Authorities issued a shelter-in-place order for nearby areas, but there are no reported injuries and all workers are accounted for. Following the incident, Valero's stock declined by 1.03% to $237.39 during regular trading and fell an additional 1.4% in overnight trade. This event coincides with Brent Crude Oil prices hovering around $100 amid geopolitical tensions.