BP to Pay Record $4.5 Billion Fine

BP Plc, which has now agreed to pay more than $12 billion in government and private party settlements over the 2010 Gulf of Mexico oil spill, still faces claims seeking billions of dollars more for the catastrophe.

Vitol CEO: Iran Is Back in the Market and We’re Buying
45:22 - The world’s largest independent oil trader said it’s "business as normal" with Iran as Vitol Group BV confirmed it has already bought oil from the country after the end of economic sanctions. “We’ve bought some, yes we have,” Vitol Chief Executive Officer Ian Taylor told Bloomberg’s Ryan Chilcote in an interview at the company’s London headquarters. “We’ve bought a bit of everything really. Bit of products, bit of condensate. It’s very much business as normal.”
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