"We hope to be able to produce shale oil, an unconventional type of crude, since we have already developed the unconventional natural gas, coal bed methane", says Edy Hermantoro, the Energy and Minera

Average price of gasoline has fallen by six cents since past two weeks and further plunge in the price is expected in the coming days.

Trials over the worst offshore spill in US history have resumed while the second day trial is scheduled for Tuesday. The court will ask for the opinions of witnesses on the same.

The Organization of Petroleum Exporting Countries (OPEC) had brought an increase in its demand forecast, which had brought a rise in the underlying futures.

Averaging $3.56 a gallon on Sunday, gasoline prices did not increase in Ohio last week, according to the report of GasBuddy's that surveyed 5,345 outlets.

A recent report has confirmed that gas prices have gone down recently in Maverick.

On the basis of predictions that temperature will dip below normal level has made Natural Gas Futures in New York to witness the maximum jump.

Public ceremony held on Saturday saw the nationalization of the Bolivian Electricity Distribution Subsidiaries.