The Deepwater Horizon on fire in 2010
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BP oil spill caused by a 'failure of management'

Management and communication failures are to blame for the oil spill in the Gulf of Mexico last year, a US panel has found.

The companies involved in the BP oil spill made decisions to cut costs and save time that contributed to the disaster.

In a 48-page report, the presidential commission wrote that the failures were "systemic" and likely to recur without industry and government reform.

The BBC's Iain Mackenzie said the report is "incredibly critical" of all of the companies involved.