Exxon Mobil Corporation has announced that its partner ExxonMobil Exploration and Production South Africa Limited has signed a deal with Impact Africa Limited, a subsidiary of Impact Oil & Gas Limited. The deal will let the companies explore for oil and gas in the offshore regions of South Africa.

Established in 1970, Garoña is the oldest nuclear plant of Spain which is now heading towards its closure since it's unable to cope up with the rising taxes.

The nuclear plant has already been disconnected from the grid yesterday night, while the fuel is being removed from it gradually. The fuel shall now be transferred to the storage pool of the plant which is operated by Nuclenor.

According to an AAA Daily Fuel Gauge report, US average pump price of regular gasoline has recently touched a new low for the year, after witnessing a decline for the past several weeks.

Weather these days is warmer than normal in the Eastern U. S. and the Midwest. The same has caused a significant fall in the home-heating fuel demand. Friday, as per a recent report, this drop in the demand has resulted in drop of natural-gas futures.

In a recently-issued warning, the Fuel Poverty Advisory Group (FPAG) has drawn attention to the fact that the coming weeks may witness approximately 300,000 additional households being forced into a situation of fuel poverty.

With positive cues coming about manufacturing sector this month in China, oil was seen rising in London. However, there are chances that it may drop over the issue surrounding federal budget talks.

In a Thursday statement, Canada's biggest natural gas producer Encana Corp. revealed that it had signed a $2.2 billion deal with China's state-owned PetroChina --- an agreement which will pave the way for exploring and developing shale gas in Alberta.

Some have termed closed-door meeting of UN atomic watchdog experts to be official while others have termed it to be unofficial. The International Atomic Energy Agency (IAEA) team visited Tehran, so that they can strike a deal with Tehran on an controversial atomic programme.