COVID-19 Response
Stay current on the latest announcements and news from Sprague - including press releases, product spec sheets, and case studies. Download PDF Reader.

The Colonial Pipeline reopened after being shut down for days

May 17, 2021
Recap: Oil futures rose on Friday, posting weekly gains, as the Colonial Pipeline reopened after being shut down for days in response to a ransomware attack. It is estimated that the outage resulted in a 7.5 million barrel shortfall in East Coast gasoline and a 6 million barrel s ... Read More
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Oil prices fell from their highest level in eight-weeks

May 14, 2021
Recap: Oil prices fell from their highest level in eight-weeks as the coronavirus continued to spread across India and after the Colonial Pipeline resumed operations approximately 50% of its 5,500 mile long pipeline that had been shuttered due to a cyberattack over the past weeke ... Read More
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Traders are focused on the status and expected restart of the Colonial Pipeline

May 13, 2021
Recap: Despite the release of the weekly oil report this morning traders remained basically focused on one thing, the status and expected restart of the Colonial Pipeline. While product prices crept higher overnight, they surged higher once the day trading session got underway an ... Read More
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OPEC left its 2021 demand forecast unchanged in its monthly Oil Market Report

May 12, 2021
Recap: Oil futures pressed higher on Tuesday as the Colonial Pipeline resumed operations after shutting down following a cyberattack and OPEC left its 2021 demand forecast unchanged in its monthly Oil Market Report. The Colonial Pipeline is slowly restarting after the cyberattack ... Read More
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The U.S. government and Colonial Pipeline worked to secure the network that transports nearly half of the East Coast's supplies

May 11, 2021
Recap: After jumping to their highest level in almost three years, RBOB futures peeled early gains to trade in negative territory, after Colonial Pipeline said Sunday evening that some of its smaller lateral lines between terminals and delivery points are once again online follow ... Read More
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Oil futures seesawed between gains and losses on Friday

May 10, 2021
Recap: Oil futures seesawed between gains and losses on Friday, in what was a choppy trading session, following a disappointing U.S. jobs report. Crude’s advance this week comes amid strength in the broader commodities sector. The Organization of Petroleum Exporting Countries and ... Read More
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Rising number of COVID-19 cases in India continues to overshadow the decrease in U.S. crude oil inventories

May 7, 2021
Recap: Oil futures fell from early gains, as the rising number of COVID-19 cases in India continues to overshadow the huge decrease in U.S. crude oil inventories. Hopes that India's deadly second coronavirus wave was about to peak were swept away on Thursday as it posted record d ... Read More
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The EIA reported a 7.99 million barrel draw in U.S. crude oil inventories

May 6, 2021
Recap: Oil futures turned lower just ahead of the settlement period, reversing early gains made after the EIA reported a 7.99 million barrel draw in U.S. crude oil inventories. Stronger refinery runs and strong exports were behind the stockpile decline. Euphoria over an economic ... Read More
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The API reported a 7.7 million barrel draw in U.S. crude oil inventories

May 5, 2021
Recap: Oil prices added to their gains on Tuesday, as more states in the U.S. eased COVID19 restrictions, and as the European Union plans to allow foreign visitors who have been vaccinated to travel to its countries. Gasoline futures jumped more than 2.8%, reaching its highest le ... Read More
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Oil prices flipped back and forth between losses and gains before gathering enough momentum to break to the upside

May 4, 2021
Recap: Oil futures rebounded on Monday, as traders became more confident that an economic recovery in the U.S. and China would overshadow falling demand out of India, as that country continues to deal with record-breaking infection rates of COVID19. Oil prices flipped back and fo ... Read More
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