Welcome to the Reuters.com BETA. Read our Editor's note on how we're helping professionals make smart decisions.
Read more
Sign In
May 13, 20211:05 PM PDTLast Updated a month ago
U.S. refiner Valero granted Jones Act waiver after Colonial outage -sources
Jarrett RenshawLaura Sanicola

3 minute read
The logo for Valero Energy Corporation is shown at a Valero gas station in Encinitas, California, U.S., May 2, 2016. REUTERS/Mike Blake
May 13 (Reuters) - U.S. refiner Valero Energy Corp (VLO.N) was granted a Jones Act waiver, sources familiar with the matter said on Thursday, after a cyberattack shut the Colonial Pipeline late last week, creating a fuel crunch in several parts of the U.S. Southeast and Northeast.
Jones Act waivers are a key way to ensure fuel supplies reach some of the hardest hit areas as pump prices continue to surge while Colonial begins to ramp up flows on its pipeline network that transports more than 2.5 million barrels of fuel every day. read more
The Jones Act requires goods moved between U.S. ports to be carried by ships built domestically and staffed by U.S. crews. A waiver allows foreign vessels to ship petroleum products from the Gulf Coast to East Coast ports in the United States.
Refiners Marathon Petroleum (MPC.N) and Citgo also requested waivers, the sources said on Thursday.
Citgo and Valero did not immediately respond to a request for comment. Marathon declined to comment.
Valero chartered an oil products' tanker for storage in the U.S. Gulf Coast on Friday, Reuters reported. read more
Shipbroking sources say the vessel loaded fuel from St. Charles, Louisiana yesterday and has since been routed to the U.S. East Coast.
Earlier on Thursday, the U.S. Department of Homeland Security said it approved a Jones Act waiver request to an individual company to ease fuel supply constraints between Gulf Coast and East Coast ports. It did not name the company. L1N2N0075
The Department of Homeland Security did not respond to a request for comment.
Privately owned Colonial Pipeline Co (COLPI.UL) began to slowly restart the nation's largest fuel pipeline network on Wednesday after a ransomware attack shut the line. But it will take several days to return to normal operations, the company and government officials said.
Reporting by Laura Sanicola and Jarrett Renshaw Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles.
More from Reuters
Play video on original page
Read Next
Middle East
Oil prices rise as global inventories decline
2:26 AM PDT
Russian oil flows to Slovakia via Druzhba pipeline halted, to resume on Friday -TASS
2:14 AM PDT
Middle East
Lebanon approves financing fuel imports at weaker exchange rate
1:51 AM PDT
South Africa's Eskom to pay disputed wage rise in union stand-off
1:45 AM PDT

Sign up for our newsletter
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Energy · June 24, 2021 · 5:28 PM PDT
REUTERS EVENTS Reducing oil use to meet climate targets is tougher than cutting supply
Governments around the world have been slow to take uncomfortable decisions to persuade consumers to cut energy consumption to help achieve climate targets, often because consumers are not ready to pay up or compromise their lifestyles.
First deepwater gas field fully run by China starts production
1:41 AM PDT
Lebanon approves financing fuel imports at weaker exchange rate
1:51 AM PDT
Oil prices rise as global inventories decline
2:26 AM PDT
Chinese steel futures rise; coking coal, coke log weekly gains
1:21 AM PDT
About Reuters
About Reuters
Reuters News Agency
Brand Attribution Guidelines
Reuters Leadership
Reuters Fact Check
Reuters Diversity Report
Stay Informed
Download the App
Information you can trust
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Follow Us
Thomson Reuters Products
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Refinitiv Products
Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface.
Refinitiv Data Platform
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
Advertise With Us
Advertising Guidelines
Terms of Use
Site Feedback

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved