Page 29 - Simon Webb News Today

By Syndicated Content By Devika Krishna Kumar and Laila Kearney NEW YORK (Reuters) – The southeastern United States will be the first to see price rises at the pumps due to the supply disruption caused by the shutdown of the country’s top fuel pipeline network – and demand has already picked up as drivers fill their tanks, industry experts said on Sunday. The attack forced Colonial Pipeline to shut down its entire system on Friday. Some smaller lines were restarted Sunday, bu...

Publishing date: May 09, 2021  •  5 days ago  •  2 minute read  •  Article content TOKYO — Crude prices rose on Monday after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States and highlighted the fragility of its oil infrastructure. Brent crude was up by 38 cents, or 0.6%, at $68.66 a barrel by 0443 GMT, having risen by l.5% last week. U.S. West Texas Intermediate futures rose by 34 cents, or 0.5%, at $65.24 a barrel, after gaining mo...

By Devika Krishna Kumar and Laila Kearney NEW YORK (Reuters) - The southeastern United States will be the first to see price rises at the pumps due to the supply disruption caused by the shutdown of the countrys top fuel pipeline network - and demand has already picked up as drivers fill their tanks, industry experts said on Sunday. The attack forced Colonial Pipeline to shut down its entire system on Friday. Some smaller lines were restarted Sunday, but Colonial has given no timeline for the r...

Message : Required fields (Reuters) - The White House was working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware attack that forced the company to shut a critical fuel network supplying populous eastern states. The attack is one of the most disruptive digital ransom schemes reported and has prompted calls from American lawmakers to strengthen protections for critical U.S. energy infrastructure from hacking attacks. Commerce Secr...

By Aaron Sheldrick and Simon Webb TOKYO (Reuters) - Crude prices climbed more than 1% on Monday after a major cyber attack that forced the shutdown of critical fuel supply pipelines in the United States, highlighting the fragility of oil infrastructure. Brent crude was up by 76 cents, or 1.1%, at $$69.04 a barrel by 0039 GMT, having risen by l.5% last week. U.S. West Texas Intermediate futures rose by 70 cents, or 1.1%, at $65.60 a barrel, after gaining more than 2% last week. Signalling th...

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...

Article content NEW YORK — Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast’s fuel supply, after a cyber attack on Friday that involved ransomware. The incident is one of the most disruptive digital ransom operations ever reported and has drawn attention to how vulnerable U.S. energy infrastructure is to hackers. A prolonged shutdown of the line would cause prices to spike at gasoline pumps ahead of peak summer drivi...

By Stephanie Kelly and Christopher Bing NEW YORK (Reuters) -Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast’s fuel supply, after a cyber attack that involved ransomware. The incident is one of the most disruptive digital ransom operations ever reported and has drawn attention to how critical U.S. energy infrastructure is vulnerable to hackers. A prolonged shutdown would cause prices to spike at gasoline pumps ahead of...

NEW YORK — Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network after a cyber attack, the company said in a statement on Friday.

The company shut down systems to contain the threat after learning of the attack on Friday, Colonial said in the statement. That action has temporarily halted operations and affected some of its IT systems, the company said.