Global IT outage in July exacerbated California fuel storage issues, says storage broker

Quick Summary:

NEW YORK : Last month's CrowdStrike IT outage that grounded scores of flights created new problems for California's fuel market, forcing U.S.traders to store jet fuel destined for the state on waterborne tankers, storage broker The Tank Tiger told Reuters this week.

As a result, storage costs in California are twice as high as trading hubs in New York Harbor or Houston, he said.

FILE PHOTO: Container ships and oil tankers wait in the ocean outside the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: California Year West Outage Week Fuel Coast Last Barsamian Storage Petroleum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 03:42:07 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22302240

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 2 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 10 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions