MNI BRIEF: Fed Review Must Incorporate Many Scenarios - Kugler

MNI BRIEF: Fed's Kugler Says Makes Sense To Hold For Some Time

MNI BRIEF: Job On Inflation Not Done, Care Needed - BOE Pill

MNI BRIEF: Mexico Inflation Down To 3.59% In January

MNI BRIEF: Tariffs Force CBRT To Hike 2025 Inflation Forecast

MNI China Daily Summary: Friday, February 7

MNI: US DEC CONSUMER CREDIT +$40.8B

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 480; GAS RIGS 100

BAKER HUGHES CANADA RIG COUNT 249; OIL RIGS 177; GAS RIGS 72

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AMERICAS GASOLINE: Colonial Pipeline Shutdown to Last 12 Hours: Bloomberg

AMERICAS GASOLINE
USEnergy BulletsNorth AmericaBulletCommodities

The shutdown of the Colonial pipeline to investigate a leak is expected to last 12 hours, sources familiar with the matter told Bloomberg.

  • The company’s Line 1 transports 1.5m b/d of gasoline between Houston, Texas, and Greensboro North Carolina. This is a gasoline only line of the pipeline.
  • Colonial Pipeline shut the largest US fuel pipeline to investigate a potential leak in Georgia.
  • Gasoline cracks continue to be up strongly on the news, although have softened from their intraday high of $11.177/b at 12:03 ET.
  • US gasoline crack up 1.3$/bbl at 10.83$/bbl
88 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The shutdown of the Colonial pipeline to investigate a leak is expected to last 12 hours, sources familiar with the matter told Bloomberg.

  • The company’s Line 1 transports 1.5m b/d of gasoline between Houston, Texas, and Greensboro North Carolina. This is a gasoline only line of the pipeline.
  • Colonial Pipeline shut the largest US fuel pipeline to investigate a potential leak in Georgia.
  • Gasoline cracks continue to be up strongly on the news, although have softened from their intraday high of $11.177/b at 12:03 ET.
  • US gasoline crack up 1.3$/bbl at 10.83$/bbl