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America's Oil Boom Rolls On Even as Budgets Get Slashed

Feb.21 -- 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 reports show. Kevin O'Brien, chief business officer at Orbital Insight, and Bloomberg's Rachel Adams-Heard talk with Alix Steel about global oil production.



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