Page 3 - Devika Krishna News Today

Gas supplies dwindle in U.S. Southeast, prices climb due to pipeline outage By Laura Sanicola and Devika Krishna Kumar Reuters (Reuters) -Gas stations from Florida to Virginia began running dry and prices at the pump jumped on Tuesday as the shutdown of the biggest U.S. fuel pipeline by hackers extended into a fifth day and sparked panic buying by motorists. About 7.5% of gas stations in Virginia and 5% in North Carolina had no fuel on Tuesday as demand jumped 20%, tracking firm GasBuddy said. ...

Top U.S. fuel pipeline, crippled by ransomware attack, days away from restart By Stephanie Kelly and Devika Krishna Kumar Reuters NEW YORK (Reuters) -Americas biggest gasoline pipeline is unlikely to resume significant operations for several days due to a ransomware cyberattack that Washington on Monday blamed on a shadowy criminal network called DarkSide. The attack on the Colonial Pipeline between Houston and New Jersey, which provides nearly half the fuel to the U.S. East Coast, is one of th...

By Devika Krishna Kumar NEW YORK (Reuters) – The U.S. government and the top fuel pipeline operator in the United States on Monday worked to secure the network that transports nearly half of the East Coast’s fuel supplies, as the group suspected of a ransomware cyberattack that caused it to shutdown last week said it was just trying to make money. The attack on Colonial Pipeline is one of the most disruptive digital ransom schemes reported and the resulting shutdown has disrupted fuel s...

By Stephanie Kelly and Devika Krishna Kumar NEW YORK, May 10 (Reuters) – America’s biggest gasoline pipeline will not resume full operations for several more days due to a ransomware cyberattack blamed on a shadowy criminal network called DarkSide. The attack on the Colonial Pipeline, which carries nearly half the fuel consumed along the U.S. East Coast, is one of the most disruptive digital ransom schemes ever reported. While the impact remains to be quantified, the pipeline shutdown will ...

By Devika Krishna Kumar NEW YORK (Reuters) - The largest U.S. fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyberattack. Nearly half the fuel consumed in the populous eastern United States passes through the network. WHATS THE OUTLOOK FOR PUMP PRICES? Prices at gasoline stations are expected to rise if the outage continues. Retail prices across much of the United States follow the lead of benchmark New York gasoline futures. Trading in those futures opened for the wee...

Nearly half of all oil pipelines from the Permian basin, the biggest U.S. oilfield, are expected to be empty by the end of the year, analysts and executives said.

3 Min Read NEW YORK (Reuters) - Oil slipped for a fourth day on Wednesday, weighed down by expectations of weaker demand in Europe and by rising U.S. crude inventories. FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant/File Photo Several European countries have paused the use of AstraZeneca’s COVID-19 vaccine on worries over possible side effects. Germany is seeing rising c...

Oil prices rose more than 2% on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks and a resumption of operations by Texas refiners.

Oil prices rose more than 2% on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks and a resumption of operations by Texas refiners.

Oil trading firms, including Trafigura, are supplying Mexico with emergency cargoes of liquefied natural gas (LNG) to overcome a power crisis caused by interrupted U.S. natural gas supplies, three sources close to the purchases said.