Are Oil Supplies Falling Sharply?
Oil settled at the highest level in more than six months as the market weighed concern of a reduction in global crude supply with Canadian producers planning to resume oil-sands output. Eni CEO Claudio Descalzi said in an interview from Rome that he doesn't "know if that will imply immediately an increase in the oil price.” He added “we have already seen some increase, but this is linked to some punctual events that happened recently, like the tar sands in Canada. But I think we are going there, because the production is going down, so supplies are going down.” London Business School Executive Fellow David Pitt-Watson discusses with Bloomberg's Anna Edwards on "Countdown."
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Infosys CEO Resigns After Criticism From Founders
53:27 - Infosys Ltd. Chief Executive Officer Vishal Sikka has stepped down following criticism from the company’s founder. Chief Operating Officer Pravin Rao will become interim CEO. Bloomberg's Caroline Hyde reports on "Bloomberg Technology." (Source: Bloomberg)