TMK Sees Energy Pipeline Market Stabilizing Next Year

Bloomberg Video

October 17 -- Oil extended declines after U.S. producers increased drilling as the market contends with an overhang of crude inventories at the highest seasonal level in at least three decades. In an interview with Guy Johnson and Caroline Hyde on "Bloomberg Markets: European Open," TMK VP for Strategy & Business Development Vladimir Shmatovich says the industry has adapted well to low prices and is surviving in the U.S. which was hit the most.