Oil

On May 7, Colonial Pipeline said it was hit with a cyberattack, in which hackers typically lock up computer systems by encrypting data, paralyzing networks, and then demand a large ransom to unscramble it.

Despite plans to reopen a major U.S. fuel pipeline later this week, following a cyberattack by a gang of hackers, Colonial Pipeline CEO Joseph Blount warned state officials Monday to be ready for possible fuel shortages.

U.S. stocks fell across the board after the Dow crossed 35K for the first time as rising tensions in the Straight of Hormuz spooked investors.

Colonial Pipeline Co. provides an update on its cyberattack and timeline for restoring operations.

The FBI said Monday that the ransomware gang known as “Darkside” was the group responsible for the attack over the weekend that forced the shutdown of the Colonial Pipeline networks responsible for carrying gasoline from Texas to the Northeast.

Head of petroleum analysis at GasBuddy Patrick DeHaan said the U.S. hasn't seen "much impact yet" on gas prices from the Colonial Pipeline shutdown, but expects to see issues with supply in the days ahead.

The national average for gas prices jumped 6 cents on the week to $2.96 and is poised to rise even higher in some areas due to Friday's cyberattack against Colonial Pipeline Co., according to the American Automobile Association.

The Colonial Pipeline attack comes with just five days of fuel supplies.

The Colonial Pipeline's shutdown is pushing oil and gasoline prices higher.

A look at what we know, and what we don't, about one of the most disruptive digital shakedown efforts to hit a U.S. company.

The cyberattack attempt that has forced the shutdown of a vital gasoline and diesel pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, a person close to the investigation said Sunday.

The largest gasoline and diesel pipeline in the U.S. abruptly shut down Friday after a cyberattack, and the shutdown could affect gas prices if it drags on, according to one expert. 

The Colonial Pipeline, the main conduit carrying gasoline and diesel fuel to the U.S. East Coast, said it had halted all operations after being hit with a cyberattack.