Oil and Gas Ushers Norway Trade Rebound

November 15, 2019

© Anatoly Menzhiliy / Adobe Stock
© Anatoly Menzhiliy / Adobe Stock

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)

Logistics News

Ammonia Fuel Sales Plan Advances in Singapore

Ammonia Fuel Sales Plan Advances in Singapore

Construction Begins on Port Hedland Seafarers Centre

Construction Begins on Port Hedland Seafarers Centre

US Seizes Iranian Cargo Ship, Tehran Vows Retaliation

US Seizes Iranian Cargo Ship, Tehran Vows Retaliation

PSA Singapore Chooses Motorola Solutions’ TETRA Radio Technology During Port Expansion

PSA Singapore Chooses Motorola Solutions’ TETRA Radio Technology During Port Expansion

Subscribe for Maritime Logistics Professional E‑News

Machado, Venezuela's Machado, says that the Spanish PM's summit on leftist politics is why he has not met him
UAE stock exchanges relax amid renewed tensions between the US and Iran
One person killed in a drone attack by Ukraine on Russia's Tuapse Port