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

$1 Billion Fine for X-Press Pearl Disaster

$1 Billion Fine for X-Press Pearl Disaster

UltraTech Operationalizes India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Operationalizes India’s First On-Site Hybrid RTC Renewable Energy Project

Allog Group Utilizes Container Solution to Transport Oversized Breakbulk Items

Allog Group Utilizes Container Solution to Transport Oversized Breakbulk Items

China Imports Australian Canola For First Time Since 2020

China Imports Australian Canola For First Time Since 2020

Subscribe for Maritime Logistics Professional E‑News

Sources say that Lukoil Volgograd refinery has halted oil processing following drone attacks.
Azerbaijani oil exports through BTC pipeline fell 5.9% year-on-year amid contamination
Former New Hampshire Governor heads US airline lobbying group