New drilling technology to put billions of barrels of oil in reach

HOUSTON, Aug 18 (Reuters): An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said.Chevron on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures,...

Read more

IGC cuts global wheat crop outlook on poor French harvest

LONDON, Aug 18 (Reuters): The International Grains Council (IGC) has trimmed its forecast for 2024/25 global wheat production driven largely by a downward revision for France which has just endured one of the worst wheat harvests in decades.The inter-governmental body, in its monthly update on Thursday, forecast global wheat output...

Read more

SpiceJet's Q1 profit drops on fewer flights

BENGALURU, Aug 18 (Reuters): Indian budget carrier SpiceJet reported a drop in first-quarter profit last week, as it flew fewer passengers amid legal and financial troubles.The company reported a standalone profit of 1.50 billion rupees ($17.9 million) for the quarter ended June 30, down 26.7 per cent from last year....

Read more