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FERC Probes BP For Gas Market Manipulation

After causing the U.S.'s worst-ever oil spill last year in the Gulf of Mexico, BP may face another legal suit by U.S. Federal Energy Regulatory Commission (FERC). BP said U.S. regulators were considering filing charges against it related to alleged manipulation of the gas market which was prosecuted on propane market manipulation charges in 2006. BP paid around $300 million to settle those charges.