Archives for April 2018
Crude, gasoline inventories decrease again
U.S. commercial crude oil inventories dropped again last week, bringing the nation’s overall crude supply to 425.3 million barrels, lower than average for this time of year, according to the U.S. Department of Energy. Source:...
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Cyberattack hits data systems of at least 4 gas networks
At least four U.S. pipeline companies have seen their electronic systems for communicating with customers shut down over the last few days, with three confirming it resulted from a cyberattack. Source: FuelFix
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Chinese petrochemicals tariffs expected to have little impact
China’s proposed tariffs on certain U.S. petrochemicals are expected to have little impact on Gulf Coast exports even as new capacity comes online to serve growing Asian markets. Source: FuelFix
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Oil falls to two-week low as China retaliates in U.S. trade war
Oil fell after China said it would levy tariffs on $50 billion of U.S. imports in retaliation against measures by President Donald Trump, fanning concerns that economic growth and fuel demand could be hurt. Source:...
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Third gas pipeline data system shuts a day after cyberattack
A third U.S. pipeline company reported its electronic system for communicating with customers has stopped working, a day after a cyberattack resulted in a similar shutdown. Source: FuelFix
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