James Slutz, acting principal deputy assistant secretary, from the U.S. Dept. of Energy speaks to CNBC’s Sri Jegarajah about the world’s demand for oil and what long-term measures are needed to access resources.

Asia's demand for oil will continue to increase in spite of the high prices, says Hassan Marican, president & CEO of Petronas. He also talks to CNBC's Sri Jegarajah about fuel subsidies and Malaysia's future as a net exporter of oil.

As oil supplies seem to have come under serious pressure, oil at $200 a barrel is likely to happen, says R.S. Sharma, chairman & MD of Oil and Natural Gas Corporation, speaking to CNBC's Sri Jegarajah.

Conventional easy oil and gas is probably at its peak, says Greg Hill, executive VP, Asia Pacific at Shell Exploration & Production. But he tells CNBC's Sri Jegarajah that there are still a lot of other sources to be tapped.

The world has not reached peak oil yet but will do so between 2012 - 2017, says Michael Rodgers, partner at PFC Energy. He speaks to CNBC's Sri Jegarajah about OPEC and non-OPEC oil production and where they are headed.

Is the world running out of oil? Or gold, or wheat, or almost any other commodity you care to name? What are the factors driving crude oil's ascent to new peak prices? Charting Asia takes a look at the technicals.

There’s still a palpable sense of shock and awe here after last week’s unprecedented surge in global oil prices. The vast majority of executives at the Asia Oil & Gas Conference in Kuala Lumpur, Malaysia pointed the finger squarely at the speculators. Saber rattling between Israel and Iran didn’t help either, they said.

Crude oil prices are up a whopping 43% year-to-date, surging over 8% alone on Friday. This is the backdrop to the 13th Asia Oil and Gas Conference with oil executives gathering in Kuala Lumpur for the energy summit as a question mark hangs over the outlook for regional demand.