Experts say Valero's possible closure of the Benicia refinery, which produces about 9% of California's gas, is "quite disturbing," and the state would need to import more gas to keep prices from ...

Valero enjoys a cost advantage thanks to its proximity to cost advantaged light crude oil, ability to process discount heavy sour crude, and low operating cost from lower domestic natural gas prices.

Valero Energy submitted notice to the California Energy Commission that it plans to idle, restructure, or cease refining ...