The petroleum giant now faces a tremendous setback as the decision was not made in its favor. A federal appeals court has now reversed an oil insurance ruling that had previously been made in favor of BP in a multimillion dollar dispute, which has now provided the petroleum giant with a massive setback, at least temporarily. BP will now be forced to have to look elsewhere in its attempts to defray some of its tremendous disaster expenses. The energy giant is still trying to deal with the ongoing and astronomical…
Read MoreOil insurance ruling for BP withdrawn by appeals court
