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

BV Debuts Cyber Health Check Report Tool

BV Debuts Cyber Health Check Report Tool

Survitec Snags Cruise Contract for Nitrogen IG System

Survitec Snags Cruise Contract for Nitrogen IG System

O'Connor Named COO at Interlake

O'Connor Named COO at Interlake

New Monopile and Tower Fabrication Facility to Open in Maryland

New Monopile and Tower Fabrication Facility to Open in Maryland

Subscribe for Maritime Logistics Professional E‑News