BP under fire in US over natural gas market manipulation claims

BP was today ordered to respond to allegations of natural gas market manipulation and threatened with fines of US $28.8m (€21.75m) by US federal energy regulators, in the latest round of its legal troubles in America.

The oil giant denied the claims and said it was disappointed the Federal Energy Regulatory Commission (FERC) had brought the action, which is based on allegations it first disclosed in 2011 and related to events in 2008.