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Colonial Pipeline restarts after hack, but supply chain won't return to normal for a few days

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The Colonial Pipeline, a crucial artery in the U.S.’ petroleum industry, has restarted operations, after the system shut down on Friday in the wake of a ransomware attack.
Colonial Pipeline restarted operations Wednesday at approximately 5 p.m. ET after a ransomware attack last week forced the entire system offline on Friday evening. The company did warn, however, that its pipeline would not be fully functional immediately. « Following this restart it will take several days for the product delivery supply chain to return to normal, » Colonial said in a statement. « Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period. Colonial will move as much gasoline, diesel, and jet fuel as is safely possible and will continue to do so until markets return to normal, » the company added. Shortly before Colonial’s restart announcement, President Joe Biden said to expect « good news » from the company in the next 24 hours.

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