Oil Search Won't Raise InterOil Bid

Oil Search has decided not to submit a counter proposal for InterOil after offering $2.2B. It means Exxon must wait to see whether Total will go it alone and challenge its higher bid. Bloomberg's Dan Murtaugh reports on "Trending Business." (Source: Bloomberg)

Nigeria's Kachikwu on Oil Output, OPEC Production Cuts
16:08 - Nigerian Oil Minister Emmanuel Kachikwu discusses Nigeria's oil output, participating in OPEC's production cap, the possibility of an oil production cut extension and the need for deeper cuts. He speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
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