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Oil forecast to reach $US80 by 2020 as output growth slows, says IEA
2016-02-22 22:23:09| Oil & Gas - Topix.net
Fawad Razaqzada, a technical analyst in London for forex.com, expects US crude to test its March low of $US42.03 and Brent its January bottom of $US45.19. Oil prices will reach $US80 a barrel by 2020 as global oil supply growth is "seriously" plunging, the head of the International Energy Agency said, suggesting the light at the end of the tunnel for the energy industry is still far away.
Company slows work on controversial Utah tar sands project
2016-02-07 15:50:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Environmentalists are celebrating after the Canadian company behind a controversial tar sands development in eastern Utah announced it is scaling back work on its project. Calgary-based U.S. Oil Sands Inc. announced plans Thursday to cut back on construction on its PR Spring project, which is located in the Book Cliffs about 170 miles from Salt Lake City and is 85 percent complete. The company said low oil prices forced two of its major contractors to shutter operations in Utah, and said it didn't...
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Record auto sales this year before growth slows, analyst says
2016-02-05 16:01:10| Auto Dealers - Topix.net
The North American auto industry is likely to sell a record 18.2 million number of cars and light trucks this year before higher interest rates and urbanization starts putting the brakes on growth, an expert said. "We're still seeing robust demand, but we're entering into a slower growth phase," Mike Wall, director of automotive analysis for IHS Automotive, said Wall in a taping of West Michigan Week , which will air this weekend on WGVU-TV.
Indonesia's growth slows for fifth year
2016-02-05 04:23:30| BBC News | Business | UK Edition
Growth in South East Asia's largest economy, Indonesia, has come in at 4.76% for 2015 - the fifth consecutive yearly decline.
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slows
growth slows
Troubles for trains as the demand for 'stuff' slows
2016-02-04 05:28:00| Railroads - Topix.net
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Tags: stuff
demand
trains
troubles
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