BP boss Tony Hayward has confirmed he will step down after the company posted losses of £11bn for the second quarter of the year.
The
...read more
£600 Million and rising, is the estimated cost of BP's oil leak.
Four weeks after the explosion on an offshore oil rig, BP say they
...read more
Oil hit an 18-month high of $86.70 a barrel in New York yesterday, adding to expectations that petrol prices will today pass the record levels
...read more
Chavez rules out return to cheap oil
By Meirion Jones
Producer, BBC Newsnight
If you thought high oil prices were just a blip think again
