Us Fuel Pipeline

Russian President Vladimir Putin accused the United States and the Central Intelligence Agency (CIA) of the explosions of the Nord Stream pipelines, which cut off a major route for Russian gas exports to Europe, fueling geopolitical tensions.

The head of Colonial Pipeline told US senators that hackers who launched last month's cyberattack against the company and disrupted fuel supplies to the US Southeast were able to get into the system by stealing a single password.

The US Justice Department announced Monday that it had recovered more than half of the $4.4 million paid by Colonial Pipeline to Russia-based ransomware extortionists Darkside, who had forced the shutdown of a major fuel network.

Colonial Pipeline began to slowly restart the nation's largest fuel pipeline network after a ransomware attack shut the line, triggering fuel shortages and panic buying in the southeastern United States.

Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown of the biggest US fuel pipeline by hackers extended into a fifth day and sparked panic buying by motorists.

President Joe Biden said Monday that a Russia-based group was behind the ransomware attack that forced the shutdown of the largest oil pipeline in the eastern United States.

The ransomware gang accused of crippling the leading US fuel pipeline operator said on Monday that it never meant to create havoc, an unusual statement that experts saw as a sign the cybercriminals' scheme had gone awry.

America's biggest gasoline pipeline is unlikely to resume significant operations for several days due to a ransomware cyberattack that Washington on Monday blamed on a shadowy criminal network called DarkSide.

US suffered a major cyberattack on Sunday that shut down its largest fuel pipeline system. The Colonial Pipeline Company ships gasoline and jet fuel from the Gulf Coast of Texas to the populous East Coast through 5,500 miles (8,850 kilometres) of pipeline, serving 50 million consumers.

The US government declared a regional emergency Sunday as the largest fuel pipeline system in the United States remained largely shut down, two days after a major ransomware attack was detected.

The White House was working closely with top US 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.

Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast's fuel supply, after a cyber attack on Friday that involved ransomware.

As a result of the outages, major pipelines carrying gasoline, diesel and jet fuel started to adjust deliveries or close lines outright because of a lack of supply.

Oil prices held above $50 per barrel on Wednesday following a 3 per cent jump a day earlier on the back of Brazilian and Libyan supply worries, a US pipeline outage and a general rally in riskier assets on hopes of more economic stimulus measures.

Crude prices settled up about 4 per cent on Tuesday as a rally in US gasoline and diesel amid an outage on a key pipeline system added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loading.

Russian President Vladimir Putin accused the United States and the Central Intelligence Agency (CIA) of the explosions of the Nord Stream pipelines, which cut off a major route for Russian gas exports to Europe, fueling geopolitical tensions.

The head of Colonial Pipeline told US senators that hackers who launched last month's cyberattack against the company and disrupted fuel supplies to the US Southeast were able to get into the system by stealing a single password.

The US Justice Department announced Monday that it had recovered more than half of the $4.4 million paid by Colonial Pipeline to Russia-based ransomware extortionists Darkside, who had forced the shutdown of a major fuel network.

Colonial Pipeline began to slowly restart the nation's largest fuel pipeline network after a ransomware attack shut the line, triggering fuel shortages and panic buying in the southeastern United States.

Gas stations from Florida to Virginia began running dry and prices at the pump rose on Tuesday, as the shutdown of the biggest US fuel pipeline by hackers extended into a fifth day and sparked panic buying by motorists.

President Joe Biden said Monday that a Russia-based group was behind the ransomware attack that forced the shutdown of the largest oil pipeline in the eastern United States.

The ransomware gang accused of crippling the leading US fuel pipeline operator said on Monday that it never meant to create havoc, an unusual statement that experts saw as a sign the cybercriminals' scheme had gone awry.

America's biggest gasoline pipeline is unlikely to resume significant operations for several days due to a ransomware cyberattack that Washington on Monday blamed on a shadowy criminal network called DarkSide.

US suffered a major cyberattack on Sunday that shut down its largest fuel pipeline system. The Colonial Pipeline Company ships gasoline and jet fuel from the Gulf Coast of Texas to the populous East Coast through 5,500 miles (8,850 kilometres) of pipeline, serving 50 million consumers.

The US government declared a regional emergency Sunday as the largest fuel pipeline system in the United States remained largely shut down, two days after a major ransomware attack was detected.

The White House was working closely with top US 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.

Top US fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the US East Coast's fuel supply, after a cyber attack on Friday that involved ransomware.

As a result of the outages, major pipelines carrying gasoline, diesel and jet fuel started to adjust deliveries or close lines outright because of a lack of supply.

Oil prices held above $50 per barrel on Wednesday following a 3 per cent jump a day earlier on the back of Brazilian and Libyan supply worries, a US pipeline outage and a general rally in riskier assets on hopes of more economic stimulus measures.

Crude prices settled up about 4 per cent on Tuesday as a rally in US gasoline and diesel amid an outage on a key pipeline system added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loading.