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Low supply means it's the end of the road for cheap oil

                   
scotsman.com
11-May-2008
        
Story Timeline:  194 days

OVER the past 10 years, the price of oil has risen from $10 a barrel to more than $120. But are the days of cheap motoring gone for good? ... Published Date: 11 May 2008 The rocketing prices have underlined a number of important changes in the global oil industry. There... [read full story]                    

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Oil prices retreat from last week's record high

 signonsandiego.com 12-May-2008
First article on this story:

Emulate Emirates and think outside the pipeline

 desmoinesregister.com 09-May-2008
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Oil falls after record highs

news.com.au
12-May-2008
        

OIL prices fell heavily today as a firmer US dollar encouraged profit taking after Saturday's all-time highs. ... New York's main oil futures contract, light sweet crude for June delivery, slipped $US1.73 to close at $US124.23 a barrel. In London, Brent crude contract...

                   

Oil falls from record high on China demand worries

tiscali.co.uk
12-May-2008
        

NEW YORK (Reuters) - Oil fell from a record high over $126 a barrel on Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand. ... China’s April crude oil imports decreased against year-ago levels, the first...

                   

UPDATE 7-Oil falls from record high on China demand worries

finance.cz
12-May-2008
        

(Updates... ... by Matthew Robinson NEW Oil fell from a record high over $126 a barrel on Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand. China's April crude oil imports decreased against year-ago...

                   

Oil takes a break after breaching $126

indiatimes.com
12-May-2008
        

Oil retreated below $125 a barrel on Monday in volatile trade that saw it briefly hit an all-time high earlier in the session. ... It had risen a full percent against the yen and approached a two-month high against a basket of currencies earlier on Monday. Crude oil...

Survey Says Execs Believe Oil Will Fall Below $100

freerepublic.com
12-May-2008
        

Oil and Gas executives say that the price-per-barrel of oil will drop significantly from the current high level by the end of the year, according to the results of a survey conducted by KPMG LLP's Global Energy Institute. In this year's KPMG survey, which polled 372 financial executives from oil...

                   

Oil slips from record high on China demand worries

tiscali.co.uk
12-May-2008
        

NEW YORK (Reuters) - Oil slipped from a record high over $126 a barrel on Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand. ... China’s April crude oil imports decreased against year-ago levels, the first...

                   

UPDATE 6-Oil slips from record high on China demand worries

finance.cz
12-May-2008
        

(Updates throughout, changes dateline from... ... NEW Oil slipped from a record high over $126 a barrel on Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand. China's April crude oil imports decreased...

Oil hits record high $126.40

indiatimes.com
12-May-2008
        

Analysts cite rising energy demand from Asian powerhouse, weak US dollar and OPEC's refusal to pump more crude are responsible for the spike. ... LONDON: The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and...

Offshore drilling shares slide as oil prices ease, but Dahlman analyst sees higher rates ahead

canadianbusiness.com
12-May-2008
        

Shares of offshore drilling contractors fell along with the rest of the oil sector Monday as crude prices pulled away from record highs. However, ... an industry analyst predicted the sector is likely to benefit as demand for drilling rigs tightens. The Philadelphia Oil...

Oil retreats from record high in volatile trade

mg.co.za
12-May-2008
        

Oil retreated below $125 a barrel on Monday in volatile trade that saw it briefly hit an all-time high earlier in the session. United States light crude, down more than $2 at one point, rallied to a new record of $126,40 a barrel, but by 4.17pm GMT it was $1,04 down at $124,92. London Brent crude...

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