A recent report has claimed that President Obama is trying to find ways to boost research for oil-free vehicles. It has been said that though America has been doing fairly well in energy production, it has been extending excessively towards petroleum-powered vehicles.

It seems that some of the senators have doubts on oil refineries, and think that they might have altered the price of gasoline. In order to know the complete truth, six Pacific state senators have urged the Justice Department to carry out a probe.

The PNG LNG project is considered to be the biggest resources project in the country. It has been found that the project, which is operating in Papua New Guinea, has been seeing a rise in cost.

With 40% increase in past four years, the electricity prices are going up for Australia and are considered unsustainable, as per a recent report.

Australian Resources Minister Martin Ferguson released a report on government's energy policy strategy today. The draft was announced 11 months ago under which call was made for more investments in gas and electricity.

Origin Energy is revising its guidance keeping in mind performance in the first four months of its financial year as well as the prediction for performance for the upcoming eight months, a recent report has shed light.

Analysts have warned that there are high possibilities that Barack Obama will impose strict rules and regulations on production and burning of fuels, including natural gas, coal and oil, which in turn are expected to raise the prices for the energy industries.