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‘This is a real wake up call.’ Regulator urges CEOs to intensify cyber defenses after pipeline hack

Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked one of America’s most important pipelines offline. “This is a real wake up call,” Chatterjee, a commissioner on the Federal Energy Regulatory Commission, told CNN Business in an exclusive interview Monday.

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US pipeline shutdown sparks worries of $3 gas

A cyberattack forced the largest US fuel pipeline to shut down Friday, and analysts are worried the disruption could result in a spike in gas prices. The Colonial Pipeline system spans more than 5,500 miles and transports about 45% of all fuel consumed on the East Coast. It transports 2.5 million barrels per day of

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Iron ore prices go ballistic as metals boom

As investors place bets on the economic recovery, there’s a new frenzy that’s taken over markets. Around the world, there’s a rush to buy metals. What’s happening: China’s benchmark iron ore futures rallied an eye-popping 10% to a record high on Monday. “The demand picture in China is very buoyant,” Warren Patterson, head of commodities

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