Insight – Wall Street vets battle BP in fallout over Canada refinery

By Jarrett Renshaw and Jessica Resnick-AultNEW YORK (Reuters) – A legal battle between a team of former Wall Street oil traders and behemoth producer BP plcover a remote Canadian refinery sheds rare light on the murky world of crude trading.
The first salvo in the previously unreported dispute was fired by BP in December. The oil company demanded, through arbitration, $110 million (77 million pounds) from the private equity-backed NARL Refining for its alleged failure to properly manage an