Energy & Green Tech

World will amass 'major' oil surplus by 2030: IEA

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

Energy & Green Tech

Wind forecast improvement project saves millions for utilities

The wind doesn't always blow where it's needed–that's the biggest hurdle in fitting wind energy to the nation's portfolio of renewable energy. When the wind isn't blowing, utility companies must turn to other electricity ...

Business

United Airlines sees 2023 profit jump amid tight capacity

Eyeing another year of strong travel demand and limited airline industry capacity, United Airlines projected a big jump in 2023 profits Tuesday after releasing fourth-quarter earnings that topped expectations.

Business

Ryanair doubles annual loss forecast on Omicron

Low-cost airline Ryanair said Wednesday that the Omicron coronavirus variant would have a strong impact on its financial performance as it more than doubled the forecast for its annual loss and cut back flights.

Business

Airlines face another bleak year as outlook worsens

Airlines face another bleak year with steeper losses than previously forecast, as some regions struggle to speed up COVID-19 vaccination campaigns and control virus variants, an industry group said Wednesday.

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