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In April, Norway reduced oil and condensate production by 1.8% compared to the previous month to 1 million 868 thousand barrels per day, the Norwegian Petroleum Directorate said. In annual terms, production fell by 11.6%. For a month, sales of natural gas decreased by 1 billion cubic meters to 10.1 billion cubic meters. Norway reduced oil production by 0.5% compared to March and by 11.4% in annual terms to 1 million 513 thousand barrels per day. The reduction was caused by repair work and minor technical problems in a number of fields. Preliminary NPD calculations showed that in the first quarter the total volume of hydrocarbon production in the country was about 79.5 million cubic meters of oil equivalent.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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