Norway’s Oil Output Falls Nearly 200,000 Bpd as Gulf Supply Crisis Drags On
Norway’s crude oil production averaged 1.776 million barrels per day in July, according to preliminary figures from the Norwegian Offshore Directorate. The country also produced 183,000 barrels per day of natural gas liquids and 17,000 barrels per day of condensate, bringing…
Norway’s crude oil production averaged 1.776 million barrels per day in July, according to preliminary figures from the Norwegian Offshore Directorate. The country also produced 183,000 barrels per day of natural gas liquids and 17,000 barrels per day of condensate, bringing…
BELLINGS Intelligence Score: 25
Why it matters
Norway's nearly 200,000 bpd drop in oil output amid a Gulf supply crisis is notable market activity affecting energy supply and potentially credit conditions for energy firms, but it is not a direct credit-market or monetary policy event.
Sources
OilPrice.com
Norway’s Oil Output Falls Nearly 200,000 Bpd as Gulf Supply Crisis Drags On
Norway’s crude oil production averaged 1.776 million barrels per day in July, according to preliminary figures from the Norwegian Offshore Directorate. The country also produced 183,000 barrels per day of natural gas liquids and 17,000 barrels per day of condensate, bringing…