2021-05-11 23:36:01 GMT2021-05-12 07:36:01(Beijing Time) Xinhua English
HOUSTON, May 11 (Xinhua) Petroleum distribution terminals in the U.S. east coast will rely on inventories and alternative supplies until a main fuel pipeline resumes operation, the U.S. Energy Information Administration (EIA) said on Tuesday.
According to EIA, pipeline shipments move at approximately five miles per hour, so some markets may need to rely on inventories for several days after the Colonial Pipeline Company service is restored.
The Colonial Pipeline Company, operator of the pipeline carrying gasoline and diesel fuel to U.S. east and southeast parts, temporarily halted all pipeline operations after the cybersecurity attack involving ransomware was detected on Friday.
1 2021-05-12 08:20:39Xinhua
Editor : Li Yan
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Petroleum distribution terminals in the U.S. east coast will rely on inventories and alternative supplies until a main fuel pipeline resumes operation, the U.S. Energy Information Administration (EIA) said on Tuesday.
According to EIA, pipeline shipments move at approximately five miles per hour, so some markets may need to rely on inventories for several days after the Colonial Pipeline Company service is restored.
The Colonial Pipeline Company, operator of the pipeline carrying gasoline and diesel fuel to U.S. east and southeast parts, temporarily halted all pipeline operations after the cybersecurity attack involving ransomware was detected on Friday.
Note: Map updated to reflect changes in U.S. refineries since initial report.
Colonial Pipeline, a major delivery system spanning from the U.S. Gulf Coast to the East Coast for transportation fuels and other refined petroleum products, halted operations on Friday, May 7, to contain the effects of a cyberattack. As of Monday, May 10, the pipeline had not resumed operations of its main lines, although some smaller lines are operational. The company announced that it hopes to restore service by the end of the week.
Colonial Pipeline, a 2.5-million-barrel-per-day (b/d) system of approximately 5,500 miles of pipeline, is a significant mode of shipment for transportation fuels for the East Coast, particularly for several states in the southeastern United States. The pipeline carries refined petroleum products such as gasoline, diesel, heating oil, and jet fuel from Houston, Texas, on the U.S. Gulf Coast up to Linden, New Jersey, and serves several markets along the route through vario
Providing coverage of Alaska and northern Canada s oil and gas industry
ANS, Brent near $70
Steve Sutherlin
Petroleum News
Alaska North Slope crude slipped 42 cents May 5, to close at $68.84 per barrel, while West Texas intermediate crept 6 cents lower to $65.63, and Brent rose 8 cents to $68.96.
Prices settled lower after spirited trading earlier in the day that saw Brent prices loft to $69.81, just 19 cents shy of the $70 mark. WTI traded above $66 before falling back.
The surge reflected positive pandemic news from the United States and Europe that lifted hopes of a strong summer travel season.
The May 5 action capped two strong days of gains to open the week that featured ANS notching a closing price above $69 and the indexes hitting seven-week highs.
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