Deepwater Horizon

The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill.
Oil has struggled as it copes with continued demand destruction following Hurricane Sandy, balancing builds in supply with on-going refinery complications.
The U.S. Justice Department is taking a firmer position against BP for the 2010 Gulf of Mexico oil spill, providing examples of “gross negligence and willful misconduct”
BP Plc said the U.S. government is withholding evidence that would show the oil spill from the Macondo well in the Gulf of Mexico was smaller than claimed.
BP Plc reached an estimated $7.8 billion settlement with businesses and individuals damaged in the 2010 Deepwater Horizon oil rig disaster that killed 11 people, removing one of three major litigation fronts facing the company
BP posted a fourth-quarter profit and revenue that topped analysts' estimates and the company raised its dividend for the first time since the Gulf of Mexico oil spill in April 2010
The SEC released a warning to investors to be wary of stock scams related to the BP oil spill in the Gulf of Mexico.
Daily fundamental energy report from Phil Flynn.