Wall St. vets battle BP in fallout over Canada refinery

The oil company demanded, through arbitration, $110 million from the private equity-backed NARL Refining for its alleged failure to properly manage and maximize profits from the Come-by-Chance plant in Newfoundland. NARL filed a counter arbitration claim along with two lawsuits accusing BP - which is the refinery's sole supplier under a two-year contract - of providing varieties of crude that benefit its trading book but hurt the refinery's equipment and profits.