US says fuel supplies should be ‘back to normal’ by the weekend as key pipeline restarts after cyberattack

  • Date: 13-May-2021
  • Source: Business Insider
  • Sector:Oil & Gas
  • Country:Gulf
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US says fuel supplies should be ‘back to normal’ by the weekend as key pipeline restarts after cyberattack

The Colonial Pipeline is back up and running with full operations expected by this weekend, which should bring in part sparked by panic buying to an end. The Wednesday evening, and reported "product delivery has commenced in a majority of the markets we service." The successful restart "should mean things will return to normal by the end of the weekend," said on Twitter Thursday. "Following this restart, it will take several days for the product delivery supply chain to return to normal," the company said Wednesday evening. "Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period." The pipeline shutdown operations last week after hacked the company's systems and demanded money. The company took the pipeline — which runs from Texas to the New York -area and supplies 45% of the East Coast's fuel —offline following the attack. A private cybersecurity firm hired by Colonial and the federal government are probing the incident. Colonial has "made substantial progress in safely restarting our pipeline system," the company said Thursday in "By mid-day today, we project that each market we service will be receiving product from our system." A few remaining segments of