deep freeze News

Crop Trader Declares Force Majeure Along US Gulf During Rare Southern Snow

One of the world’s biggest crop traders has halted loading of grain vessels at US Gulf terminals as the region’s worst snowstorm in 130 years slams the region. Archer-Daniels-Midland Co. declared force majeure in southern Louisiana with vessels struggling to …

Oil Refiners Restoring Lost Output After Arctic Blast

U.S. oil refiners on Tuesday were working feverishly to resume operations at a dozen facilities knocked offline by a holiday deep freeze, a recovery that in some cases will stretch into January. An Arctic blast sent temperatures well below freezing …