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Energy Trading Hit by Worldwide IT Outage – OilPrice.com

A major global power outage affected energy trading in London and Singapore on Friday morning, with banks, airlines, airports and media organisations also affected.

News serving platforms for the London Stock Exchange, airlines, banks and media organisations were down early on Friday morning, reportedly due to an outage in Microsoft 365 and Azure services.

Microsoft announced on Friday that it will Restored After suffering a power outage.

According to CNBC, Microsoft said “some services remain affected.”

Some of the biggest oil and gas trading desks in London and Singapore were struggling to execute trades due to the power outage on Friday, industry sources said. Reuters.

The London Stock Exchange is operating as normal, but the Regulation News Service (RNS) was affected by the outage.

“The RNS news service is currently experiencing a third-party global technical issue which is preventing news from being published on www.londonstockexchange.com,” the London Stock Exchange said in a statement early on Friday.

“Our technical teams are working hard to restore services. Other services across the group, including the London Stock Exchange, continue to operate as normal.”

Airlines, banks and media The worst blow due to a massive power outage.

Sky News has been taken off the air in the UK.

Bookings and flights were halted at some airports and some airlines experienced disruptions to their online services, with Australia’s Sydney Airport and Amsterdam’s Schiphol Airport also affected by the IT outage.

At London Stansted airport, some check-in is being carried out manually but “flights are operating as normal”, the airport operator told the BBC.

US Frontier Airlines Said Late on Thursday it said: “Our systems are currently affected by a Microsoft outage which is also impacting other companies. During this time, bookings, check-in, access to boarding passes and some flights may be affected.”

Frontier Airlines issued an update early Friday morning. To tell “The ground suspension has been lifted and the system is gradually normalizing. We are in the process of resuming flight operations.”

By Tsvetana Paraskova, Oilprice.com

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