In Cloud Computing (CC) environment, load balancing refers to the process of optimizing resources of virtual machines. Load balancing in the CC environment is one of the analytical approaches utilized to ensure indistinguishable workload distribution and effective utilization of resources. This is because only by ensuring effective balance of dynamic workload results in higher user satisfaction and optimal allocation of resource, therefore improve cloud application performance. Moreover, a paramount objective of load balancing is task scheduling because surges in the number of clients utilizing cloud lead to inappropriate job scheduling. Hence, issues encircling task scheduling has to be addressed. In this work a method called, Ford Fulkerson and Newey West Regression-based Dynamic Load Balancing (FF-NWRDLB) in CC environment is proposed. The FF-NWRDLB method is split into two sections, namely, task scheduling and dynamic load balancing. First, Ford Fulkerson-based Task Scheduling is applied to the cloud user requested tasks obtained from Personal Cloud Dataset. Here, employing Ford Fulkerson function based on the flow of tasks, energy-efficient task scheduling is ensured. The execution of asymmetrical scientific applications can be smoothly influenced by an unbalanced workload distribution between computing resources. In this context load balancing signifies as one of the most significant solution to enhance utilization of resources. However, selecting the best accomplishing load balancing technique is not an insignificant piece of work. For example, selecting a load balancing model does not work in circumstances with dynamic behavior. In this context, a machine learning technique called, Newey West Regression-based dynamic load balancer is designed to balance the load in a dynamic manner at run time, therefore ensuring accurate data communication. The FF-NWRDLB method has been compared to recent algorithms that use the markov optimization and the prediction scheme to achieve load balancing. Our experimental results show that our proposed FF-NWRDLB method outperforms other state of the art schemes in terms of energy consumption, throughput, delay, bandwidth and task scheduling efficiency in CC environment.