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Canada's wholesale and manufacturing sales climbed higher in March theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Gas Shortage Update as Fuel Scramble Continues Across U.S. Despite Colonial Pipeline Resuming On 5/13/21 at 4:48 AM EDT People are continuing to scramble for gas across the Southeast after a cyberattack on the nation s largest fuel pipeline prompted fuel hoarding and panic buying. Colonial Pipeline restarted operations on Wednesday evening, days after it was forced to shut down due to a ransomware attack. But the company said it will take several days for deliveries to return to normal. The Georgia-based company s pipeline runs from the Gulf Coast to the New York metropolitan region, and delivers about 45 percent of the fuel consumed on the East Coast. ....
The Colonial Pipeline disruption should worry market traders, prompting questions about whether such supply risks – whether cyber or user-error like the blockage of the Suez Canal in March or natural disasters like Winter Storm Uri in February, are fully priced into crude oil and products. ....