US benchmark West Texas Intermediate crude oil futures jumped as much as 14% late Thursday. They’ve since come off highs and were trading almost 8% higher at about $73 a barrel at 8:30 a.m. ET.
As disclosed by the Canadian firm, the topsides for its West White Rose offshore platform started their 5,500-kilometer journey from Ingleside, Texas, to Newfoundland waters on June 3. The structure is scheduled to be installed in the White Rosefield in July.
Curious Minds Corner
Why does natural gas smell like rotten eggs if it’s naturally odorless?
A foul-smelling chemical (Mercaptan) is deliberately added as a safety measure so leaks can be easily detected by smell.