WASHINGTON - A new government report details 87 shipwrecks — most sunk during World War II decades ago — that could pollute U.S. waters with tens of millions of gallons of oil. Even so, the potential for pollution is less than scientists had expected. The report released Monday by the National Oceanic and Atmospheric Administration concludes "the scope of the problem is much more manageable than initially feared.... Our coastlines are not littered with 'ticking time bombs.'"

BRUSSELS - The small glass bottle filled, and refilled, with golden olive oil has long been a staple on many restaurant tables across Europe. Now, the European Union is going to ban it. The European Commission, the EU's executive, said Friday that, as of next year, restaurant customers will only be allowed to use oil from non-refillable bottles with proper content labeling to douse their crusty bread or garden salad. EU spokesman Olivier Bailly said consumers often get fooled by being served cheap olive oil. Non-refillable bottles would also improve hygiene, he claims.

OSLO - The Norwegian government is proposing to shift the tax burden more to its large oil industry to stimulate growth in other sectors. Prime Minister Jens Stoltenberg presented a new tax plan Sunday that will increase tax revenues from the oil industry by 70 billion kroner ($12 billion) by 2050 by reducing deductions available to that sector. Meanwhile, he will cut the corporate tax rate to 27 per cent from 28 per cent from 2014. The announcement could affect oil industry stocks when markets reopen Monday.

AMSTERDAM - Royal Dutch Shell PLC said Monday Chief Executive Peter Voser will step down in early 2014, and the company reported lower first-quarter profits in the wake of a decline in oil prices. The departure comes as a surprise, as Voser is just 54 years old and is well-regarded within the industry. Shell broke with a longstanding tradition of alternating British and Dutch chief executives with the July 2009 appointment of Voser, a Swiss national.