Many economic experts argue it is difficult for global oil prices to go up again and with the worst scenario, oil prices may drop a mere US$30/ barrel, causing a huge loss for this year’s budget revenue and heavily weighing against economic growth.

 Domestic demand for oil is expected to see a sharp rise as the United States is embracing its highest travel volume during the Memorial Day holiday in a decade,

 The UK offshore oil and gas industry has reported its worst annual performance for four decades.

 The price of oil rallied on Monday as investors speculated that the falling cost of crude may have ended.

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 The boss of oil giant BP's boss Bob Dudley has said that oil prices could remain low for up to three years.

 VietNamNet Bridge – The sharp falls in oil prices have not benefited the national economy, with the exception of Petrolimex, the petroleum importer and distributor.

 Oil prices jumped Thursday as spiralling violence in Egypt raised concerns that petroleum supplies could be threatened.