Colonial Pipeline

Colonial Pipeline outage: What to watch for in diesel markets Monday

As the oil markets enter day three of the shutdown of the Colonial Pipeline following a cyberattack, here’s a Monday morning catch-up primer on what is going on.

— The price of ultra low sulfur diesel (ULSD) on the CME commodity exchange is higher Monday morning, but not by a large amount. At approximately 7:45 a.m. Eastern time, it was up 2.56 cents per gallon, or 1.27%, to $203.62/g. It had been as high as $2.0776/g since trading kicked off Sunday evening U.S. time.

–The Federal Motor Carrier...

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Hours-of-service waiver issued in wake of pipeline cyberattack

Federal regulators issued on Sunday an emergency work-rule exemption for truck drivers and motor carriers as a result of the Colonial Pipeline shutdown.

The shutdown that occurred on Friday and was caused by a cybersecurity ransomware attack warrants a Regional Emergency Declaration and an exemption from Parts 390 through 399 of federal motor carrier safety regulations, according to the Federal Motor Carrier Safety Administration (FMCSA). Those regulations include hours-of-service rules.

“This...

https://s29755.pcdn.co/news/news-alert-hours-of-service-waiver-issued-in-wake-of-pipeline-cyberattack

Colonial Pipeline, key source of diesel for eastern seaboard, closed due to cyberattack

Diesel markets could be on the verge of a significant upward move when trading kicks off Sunday evening in the U.S. following the closure of the Colonial Pipeline.

The pipeline, which carries diesel, gasoline and jet fuel from the U.S. Gulf Coast area through the Southeast and Mid-Atlantic on their way to a terminus in New York, was closed Friday because of a cyberattack, according to media reports.

A statement released midday Saturday, updating an earlier statement released Friday, said the...

https://s29755.pcdn.co/news/colonial-pipeline-key-source-of-diesel-for-eastern-seaboard-closed-due-to-cyberattack

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