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

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

WTO: Global Goods Trade Strengthens Despite Uneasy Politics

Iran Creates Oil Bonanza for the Americas

Current News

Ground Breaks on New Delaware Container Terminal

European Wheat Rises As Black Sea Disruptions Continue

COLI Antwerp Completes Four Cargo Shipments in Across Eight Countries

Wisconsin Ports Holds Annual Meeting to Advance Maritime Priorities

Subscribe for Maritime Logistics Professional E‑News