American thirst for oil rises faster than expected, as the nation recovers from recession and chemical makers seize on less expensive domestic supplies.
The U.S. government has announced a $253 million fine against Weatherford, a Swiss oil and gas services company that trades on the New York Stock Exchange.
Alaskans are worried that a cut to oil taxes could ruin the state budget. BP credits the tax break for spurring new investments in the North Slope oil field.