NEW YORK, May 23 (Reuters) - The Colonial Pipeline, the
largest refined fuel pipeline in the U.S., conducted system
maintenance on Thursday that required a temporary halt of some
deliveries, the company said in a statement.
Colonial does not expect significant impacts to fuel markets
from the temporary halt and expects to return to normal
operations by the end of day, a company spokesperson said. The
pipeline will send updated schedules to shippers if there are
substantive changes to delivery timelines, the spokesperson
added.
The maintenance was not related to fuel leakages or
cyberattacks, they said in response to a question about
unverified reports of 'IT issues' on its system.
The 5,500 mile (8851 km) long Colonial pipeline pumps 2.5
million barrels a day of refined products like gasoline, diesel
and jet fuel from refineries along the U.S. Gulf Coast to
markets spread across the U.S. East Coast on its way to the New
York Harbor.
A 2021 hack of Colonial's systems proved to be one of the
most disruptive digital ransom operations ever and led to a
surge in gasoline prices.
Traders and brokers do not expect an impact to fuel prices
from Thursday's maintenance related halt as the disruption is
expected to be brief, multiple market participants said.