Oil Prices and Tankers

Oil prices are unlikely to stay at their present high level, according to Lee Raymond, Exxon Mobil Corp.’s chief executive officer. What goes up must come down.

Growth in demand for oil tankers will slow in 2005 for a second straight year as near record prices curb oil consumption. Demand will pick up again in 2nd half 05 as oil prices pullback and economic growth increases demand.