New Fracking Rules Hit Oil Drillers as Output Peaks
March 23 -- Oil output in the United States is pushing to new highs as producers are increasingly idling drilling rigs. Bloomberg’s Rob Barnett examines the state of U.S. oil producers and the potential impact of new fracking rules on the drilling industry.
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Jon Stanton to Succeed Keith Cochrane as Weir Group CEO
21:44 - Keith Cochrane, the CEO of Weir Group Plc, the world’s largest maker of fracking pumps for oil companies, is stepping down as CEO after 10 years on the board and will be replaced by Jon Stanton with effect from October 1. The company earlier reported that orders and sales missed by 4% and 2% respectively. Cochrane spoke to Bloomberg's Anna Edwards and Manus Cranny on "Countdown."