MARKET WATCH: NYMEX crude oil settles above $59/bbl

Light, sweet crude oil for April delivery settled above $59/bbl, setting a 4-month record high Mar. 18 after the Organization of Petroleum Exporting Countries and other major producers discussed continuing current oil-production cuts through June. – Oil & Gas Journal https://www.ogj.com/articles/2019/03/market-watch-nymex-crude-oil-settles-above-59-bbl.html

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U.S. shale boom keeps rolling even as wildcatters save cash

HOUSTON (Bloomberg) — America’s surging shale oil production shows little sign of abating, despite industrywide spending cuts, as explorers learn to do more with less.  Almost all the independent producers have reduced their budgets for 2019, but many still expect to deliver double-digit growth in production this year, fourth-quarter earnings…

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