#fuel-supply

#fuel-supply

The state of national energy emergency is declared in light of the ongoing conflict in the Middle East, posing an imminent danger to the availability and stability of the country's energy supply.

The International Energy Agency released a series of steps on Friday that would ease the burden of the global oil price spike. Recognising 45 per cent of the world's oil demand comes from road transport, the agency urged workers to stay at home where possible and consider public transport if they need to travel.

GREENPOINT - THE TIDELAND INSTITUTE'S Shoofly tugboat, a restored 1941 steel-hulled vessel usually used for the nonprofit's maritime education and arts programs, has been helping to break ice in the Newtown Creek as the city shivers through a potentially record-setting stretch of subzero days, The City reports. Three Coast Guard tugboats based in New Jersey have been occupied in keeping the harbor and the Hudson River clear to make sure ship traffic can pass.

California energy regulators Friday put the brakes on plans requiring oil companies to pay a penalty if their profits climb too high, a temporary win for the fossil fuel industry two years after the governor declared the state had "finally beat big oil." The postponement by the California Energy Commission until 2030 comes after two oil refineries accounting for roughly 18% of the state's refining capacity announced their plans to close in the coming months.

Gas prices in the Bay Area have spiked after a fire at the Valero refinery, with some regions exceeding $5 per gallon, driven by refinery outages.