The deal gives the London-based energy giant a position in the Permian, a swath of west Texas and New Mexico that’s the world’s fastest-growing major oil region. BP Plc agreed to pay $10.5 billion, ...

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At 400,000 b/d, the US recorded the largest increment to global oil consumption in 2013, outpacing Chinese growth, 390,000 b/d, for the first time since 1999, according to BP's 63rd annual Statistical ...