News bites: BP oil site attacked in Algeria, US oil boom upends trading patterns, and more

Bloomberg reports on an attack at an Algeria oilfield operated by BP and other companies.

“Algerian security forces are surrounding an oil facility in the country’s south after unidentified attackers took several workers hostage, according to an official with the state-run oil company Sonatrach,” the news service reports.

Reuters cites reports that “Islamist militants had seized five Japanese nationals and a French citizen from the facility.”

The Associated Press reports that Virginia Attorney General Ken Cuccinelli is seeking to repeal some financial incentives for renewable energy.

Bloomberg explains why the U.S. oil boom is “revamping decades’ worth of established trading patterns.”

The New York Times reports that single women are scarce in North Dakota’s booming oil fields.