Valero running Port Arthur refinery at reduced rates -sources
HOUSTON Aug 13 (Reuters) - Valero Energy Corp's 290,000 barrel-per-day Port Arthur, Texas, refinery is running crude and vacuum units at reduced rates, sources familiar with the plant's operations said on Tuesday.
Earlier, the company said power had been restored to the refinery and all units were operational after a problem Tuesday morning in the storage tank area of the plant. Company spokesman Bill Day said no material impact to production was expected.
Energy intelligence group Genscape reported that the refinery's 75,000 bpd crude distillation unit (CDU) and associated vacuum distillation unit (VDU) were shut down at 6:44 a.m. (EDT).
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.