COMMENT – Colonial Pipeline hack: Implications for the future, lessons from the past

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Forecasts tell you a lot about the forecaster, but they don’t tell you anything about the future or in the case of commodities the grammatically weird plural futures. When they do come true, it is usually a mixture of deep intelligence meeting immense luck. The July 1995 released film The Net, starring Sandra Bullock as […]

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DarkSide’s intricate cyber-attack forces Colonial Pipeline to shut operations, Biden briefed

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The blitz that caused Colonial Pipeline to shut down the biggest US gasoline pipeline on Friday began with hackers launching a cyber-attack against the company a day earlier, stealing a large amount of data before locking computers with ransomware and demanding payment, Bloomberg reported on Sunday morning citing people familiar with the matter. The intruders, […]

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India hopes to import more Iranian, Venezuelan crude under Biden: Minister Pradhan

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India hopes it could diversify its oil suppliers under the new U.S. Administration that could relax restrictions on oil exports from Iran and Venezuela, India’s Oil Minister Dharmendra Pradhan told Bloomberg TV in an interview. “Some geopolitical changes are there,” Pradhan told Bloomberg, referring to expected policies from U.S. President Joe Biden. The Indian minister reiterated […]

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Why a Biden administration may be great for environment and bad for oil and gas?

The US presidential election victory of Democrat Joe Biden will likely ring in many far-flung changes across the complex of oil, petrochemicals and environment sustainability practices, according to S&P Global Platts. Not only will the US re-engage to join the Paris Climate accord, but also more comprehensive proposals are likely to follow with a target […]

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