BP shuts biggest oil field in the US
Oil company BP has indefinitely shut down the United State’s biggest oilfield after finding a pipeline leak, removing about 8% of US oil production and stoking fears that already high oil prices will shoot up further. Steve Marshall, president of BP Exploration Alaska, said on Sunday night that the eastern side of Prudhoe Bay would be shut down first, an operation anticipated to take 24 to 36 hours.