The functioning of the American Colonial Pipeline has come to a complete standstill due to cyber attack, after which the price of Brent crude is seen increasing. This can cause a jump in the price of petrol and diesel.
Brent crude and WTI crude boom today after cyber attack.
America’s largest refined product pipeline company Colonial Pipeline has shut down its entire network due to cyber attack. With the help of this pipeline, half of the American East Coast is supplied. It is believed that this incident in the US will have an impact on India as well and the price of gas along with the price of petrol and diesel may rise.
After the cyber attack, the price of Brent crude and WTI crude is being seen today. Brent crude was trading at $ 68.86 at 12.16 in the afternoon with a gain of $ 0.58 (+ 0.85%) on Investing.com website. During trading today, Brent crude once reached the level of $ 691.19 per barrel. At this time, WTI crude was trading at a level of $ 65.43 with a gain of $ 0.53 (+ 0.82%). Today it once reached the level of 65.75 dollars per barrel.
Brent crude price may reach $ 73
For the last three weeks, crude and WTI crude is closing down rapidly. Anuj Gupta, vice president of IIFL SECURITIES, says that WTI can reach $ 68 and Brent crude to $ 73 a barrel. Explain that a dollar increase in the price of crude oil increases the price of petrol in India by 55 paise per liter and diesel by 60 paise per liter.
2.5 million barrels supplied on a daily basis
According to a Reuters report, the Colonial Pipeline transports 2.5 million barrels of gas on a daily basis. Its tunnel network is about 8850 kilometers that connects Texas to New York. In the US East Coast, 45 percent of the fuel supply is from this pipeline. It passes through 14 southern and eastern states of America. With the help of this pipeline, North and South America are connected to the Gulf Coast refinery. This pipeline connects the busiest and largest airports in the United States, such as Atlanta Jackson Airport.
100 GHz Byte Data Theft
On behalf of the company, it has been said that on Friday we came to know about the cyber attack. At the moment, our attempt is to restart the operation. It is believed that cyber attackers are professional cyber criminals. According to a report by The Gorgeian, these attackers are being reported from the DarkSide Group. They stole the company’s 100 Gig byte data within just two hours.
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