Oil and Gas Ushers Norway Trade Rebound

Friday, November 15, 2019

Norway's trade balance bounced back to a surplus last month from a rare deficit in September as oil and gas output recovered, Statistics Norway reported on Friday.

The surplus for October stood at 5.9 billion Norwegian crowns ($645.22 million), and followed a deficit of 1.4 billion crowns the previous month.

September's deficit, only the third negative reading of any individual month this century, was caused by a sharp fall in natural gas exports as producers held back production amid a slump in prices.


(Reporting by Terje Solsvik)

Categories: Europe

Related Stories

Maritime Fees Spiral Deepens as US, China Trade Blows

Global Energy Group Rebrands as it Charts Next Growth Phase

UK's Port of Tyne Unveils $200M Upgrade Plan to Back Offshore Wind

Current News

Chinese Container Ship Completes Northern Sea Route, Halves UK Delivery Time

Cavotec MoorMaster Systems Operational at Iroquois Lock in Canada

Fueling the Future of Ports: Cost Savings and Resilience as Propane’s Proven Edge

China Sanctions Five US-Linked Units of South Korea’s Hanwha Ocean

Subscribe for Maritime Logistics Professional E‑News