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

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An explosion has been reported at Valero Energy Corp.'s oil refinery in Port Arthur, Texas, involving a heater unit but with no reported injuries. Authorities have issued a shelter-in-place order for parts of Port Arthur, Sabine Pass, and Pleasure Island, and have closed sections of the highway. This incident occurs as Brent Crude Oil prices are near $100 amidst the Iran War, and Valero’s stock has seen a decline.

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