BP has been cleared to start burning oil and gas piped up from its broken well as part of a pledge to more than triple how much crude it stops from spewing into the Gulf of Mexico.

Oil from the worst spill in US history could soon end up at petrol stations, construction sites and even grocery stores when BP sells the crude taken from a ruptured well in the Gulf of Mexico to raise money for wildlife protection.

The financial toll of the Gulf of Mexico oil spill escalated today as BP’s stock plummeted to a 14-year low.

BP said yesterday it has received federal approval to continuously spray chemicals underwater on the massive oil leak in the Gulf of Mexico.

BP said today it has received federal approval to continuously spray chemicals underwater on the massive oil leak in the Gulf of Mexico.