U.S. fuel supply response slowed by mothballed oil tankers
Efforts to get fuel supplies to areas in the United States facing shortages have been slowed because shipowners have mothballed U.S.-flagged oil tankers that can make coastal voyages, shipping sources said on Wednesday.
The shutdown of the Colonial Pipeline network to thwart a cyber attack has disrupted nearly half the East Coast’s fuel supply and left parts of the southeast facing a severe shortage of gasoline and diesel. Colonial said it began to restart on Wednesday but warned it would take several days for fuel supply chain to return to normal.
Refiner granted second Jones Act waiver after Colonial outage hydrocarbonprocessing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbonprocessing.com Daily Mail and Mail on Sunday newspapers.
By Laura Sanicola and Susan Heavey
NEW YORK/WASHINGTON, May 14 (Reuters) - The Biden administration granted oil refiner Citgo Petroleum a Jones Act shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.
The waivers are intended to help ease distribution of fuel after a major pipeline serving the U.S. East Coast was forced shut by a cyberattack last week, triggering widespread shortages of gasoline, diesel and jet fuel.
The Department of Homeland Security had announced the second waiver on Friday, but did not name the recipient.
U.S. refiner Valero Energy Corp was granted a Jones Act waiver, sources familiar with the matter said on Thursday, after a cyberattack shut the Colonial Pipeline late last week, creating a fuel crunch in several parts of the U.S. Southeast and Northeast. Jones Act waivers are a key way to ensure fuel supplies reach some .
By Laura Sanicola and Susan Heavey
NEW YORK/WASHINGTON, May 14 (Reuters) – The Biden administration granted oil refiner Citgo Petroleum a Jones Act shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.
The waivers are intended to help ease distribution of fuel after a major pipeline serving the U.S. East Coast was forced shut by a cyberattack last week, triggering widespread shortages of gasoline, diesel and jet fuel.
The Department of Homeland Security had announced the second waiver on Friday, but did not name the recipient.