The effect of US and Iran crude oil war is getting evident now, and it has led tension among countries which later have let the crude oil companies to raise the price. The oil was reported to be trading over $100 a barrel in New York.

Giving you an update over the average retail gasoline prices, which in New Hampshire, have fallen 4 cents per gallon in the past week. Average gallon price on Sunday in the region was $3.26 per gallon. The fall has also been witnessed in the prices per gallon in Maine, which is now 2.6 cents less than last week’s average of $3.37.

Experts have raised major concerns over the rapidly increasing electricity prices and anticipated that they will surely influence the public opinion regarding nuclear power across the South Australia.

In a bid to make strategic move, it has been confirmed that Chinese state-owned oil company Sinopec Group has given green signal to claim 30% stake in Portuguese oil firm Galp Energia. Worth $3.54 billion, the deal is being seen as an attempt by the company to make significant impact in Western-owned energy assets.

TV motoring expert Quentin Willson entered Guinness Book of Work Records on the Shell Global FuelSave Day by taking the world's biggest fuel-economy class.

Quentin Willson's fuel-economy class involved hundreds of people in the UK along with thousands in nine other countries in Europe and Asia.

According to reports, the UK Government recently declared that finally, they have showed green signal to the oil titan BP and its associates to carry on with their development project worth £4.5bn, which was related to the North Sea.

However, the new project is supposed to be one of the four most significant new oil and gas projects valued at nearly £10bn, which were designed by the oil syndicate.