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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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