Colonial Pipeline

colonial pipeline

Cyberattack On Largest US Oil-Products Pipeline: We Could See Europe Start To Ship Gasoline To The US

Aneeka Gupta (Wisdom Tree)| Colonial Pipeline Co., a supplier of gasoline, diesel, and jet fuel to the eastern US, was forced to halt operations on Friday owing to a ransomware attack that affected some of its IT systems. If the outage were to last for an extended period of time it could have far reaching effects on the oil markets extending beyond the US and impact Europe as well. In order to plug the shortfall in gasoline in the US East Coast we could see Europe start to ship gasoline to the US.