Citgo cuts production at Illinois refinery amid extreme cold

Citgo Petroleum cut production at its 167,000 barrel-per-day refinery in Lemont (Other OTC: LEMT - news) , Illinois, on Wednesday due to issues related to the extreme cold weather, a source familiar with the plant's operations said.

The Midwest region has suffered a spate of unexpected refinery outages in recent days that has pushed up cash prices for refined products.

A large swath of the United States was gripped by brutal cold and wind chills on Wednesday as record-low temperatures caused by a blast of Arctic air moved across the Midwest and into Eastern states, prompting residents to stay indoors.

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