Oil prices may get further relief this week after BP said during the weekend it would keep pumping crude from the western half of Alaska's Prudhoe Bay, the largest US oil field, while it replaces corroded pipe in the eastern half.
This way the company will produce 200,000 barrels a day, about half the field's usual output said Anchorage spokesman Tom Mueller. The field is producing 150,000 barrels a day, he said, and would pump more as maintenance was completed on the network. - International Herald Tribune
BAA has threatened to ground British Airways at Heathrow after a row erupted between the airline and the airports operator. The spat, over delays at Heathrow following last Thursday's terror alert, led BAA to remind all airlines they could be banned from flying in and out if they do not stick to its rules. BAA Heathrow chief executive Tony Douglas made the warning after BA chief executive Willie Walsh publicly accused the airport of being 'unable to provide a robust security search process and baggage operation'. - Telegraph
The country's millionaire population is set to quadruple to 1.7M people by 2020, a study revealed. The boom will be fuelled by an estimated 71% rise in the housing market over the next 15 years, less disposal income going on mortgage repayments and growing returns from shares and other investments. - Financial Times