Sunday, June 21, 2026

Bubblin’ Crude: a look at what is driving the recent rise in oil prices

From the Canadian Press/Canadian Business TORONTO – Benchmark oil prices averaged below US$35 per barrel in the first three months of this year but they’ve strengthened to about US$50. What’s driving the rally in West Texas Intermediate and other types of crude? Put simply, it’s supply and demand. Here are five reasons that oil prices are strengthening: 1) U.S. oil

Bechtel Produces LNG from GLNG Train 2

GLADSTONE, Australia – May 25, 2016 Curtis Island projects continue smooth transition towards operations with five out of six trains now producing LNG Bechtel has announced that GLNG Project Train 2, the fifth of six production trains on Curtis Island, has successfully begun producing liquefied natural gas (LNG). The three LNG projects continue smooth transition towards operations with just one