Wednesday , 24 December 2025

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Oil drilling drops to 15-year low with shale in full retreat

Bloomberg Drillers cut exploration in US oil fields to a 15-year low as billions of barrels from old discoveries became worthless and explorers abandoned growth plans. The number of active oil rigs in the US fell by four to 176, the lowest since 2005, according to Baker Hughes Co. data. Energy companies have been parking rigs on an almost uninterrupted …

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Crashed Air India jet’s black boxes found; death toll 18

Bloomberg The black boxes of an Air India Express jet that crashed, killing at least 18 people, has been recovered after authorities completed the rescue operation. The digital flight data recorder and cockpit voice recorder can help investigators piece together what caused the Boeing Co 737 to skid off the runway and break apart while attempting to land on August …

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Airbus plane deliveries increase 36% in July

Bloomberg Airbus SE delivered 49 new jets to its customers last month, overcoming travel restrictions and virus-afflicted demand to post its third straight monthly increase. The July tally, achieved solely with narrow-body aircraft, marked a 36% increase from the 36 handovers recorded in June, according to a statement. Airbus registered four new orders during the month and had no cancellations …

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