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Free AccessNorway Lags Oil and Gas Production Forecasts
The latest oil and gas production figures from the Norwegian Petroleum Directorate show production levels lagging forecasts.
- Crude oil output rose to 1.75 million barrels per day (bpd) in October from 1.64 million bpd in September, compared to a forecast of 1.88 million bpd.
- Natural gas production in October averaged 316.1 million cubic metres (mcm) per day, up from 303.3 mcm per day in September, but below the expected 352.4 mcm per day.
- The full-month gas output rose to 9.8 billion cubic metres (bcm) from 9.1 bcm in September, NPD said.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.