BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.
SandRidge, the Oklahoma City-based producer, had about 90 percent of its oil and natural gas liquids output hedged in early 2015, according to a regulatory filing. Next year, the hedges cover less than a third.
Through its Monroe refinery unit, Delta Air Lines is now fighting the renewable fuel quotas the Obama administration’s Environmental Protection Agency established for 2013, saying in legal filings that it is “powerless” to comply with the mandates.
Oil prices rose further above $99 on Friday as violence in South Sudan stoked concerns about the African nation’s oil production. Benchmark U.S. oil for February delivery gained 27 cents to $99.82 in electronic trading on the New York Mercantile Exchange. Oil prices gained nearly 3 percent last week as optimism about the U.S. economic […]
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