MNI BRIEF: Federal Reserve Withdraws From Climate Consortium

MNI BRIEF: Internat'l Finance Bodies Still Needed - BOE Bailey

MNI CORRECT: BOC Covid Guidance Unclear, Will Tie To Inflation

MNI China Daily Summary: Friday, January 17

MNI BRIEF: NBS Notes Favourable Conditions For China CPI

MNI BRIEF: China's Q4 GDP Grow By 5.4%, Meeting 2024 Target

MNI: US TSY TICS NET FLOWS IN NOV +$159.9B

MNI: US DEC INDUSTRIAL PROD +0.9%; CAP UTIL 77.6%

EZ/UK Bond Supply Calendar: EFSF Synd "Upcoming", Slov Due Mon

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ENERGY: Norway Oil and Gas Output Above Forecast in November

ENERGY
Power BulletsCommoditiesEnergy BulletsCEEMEABulletNorway

Norway’s November oil and gas output was above the official forecast according to the Norwegian Offshore Directorate.

  • Oil production dipped to 1.736mbpd in November from 1.781mbpd October but was 3.2% higher than the official forecast of 1.682mbpd. Oil, NGL and condensate production fell to 1.975mbpd from 2.00mbpd last month but above the forecast of 1.934mbpd by 2.1%.
  • Natural gas production increased to 360mcm/d in November from 341.9mcm/d in October and was 3% above a forecast of 349.5mcm/d.
  • The total petroleum production so far in 2024 is about 221.4mcm oil equivalents and 9.2mcm oil equivalents higher than 2023.

 

Keep reading...Show less
98 words

To read the full story

Close

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.

Norway’s November oil and gas output was above the official forecast according to the Norwegian Offshore Directorate.

  • Oil production dipped to 1.736mbpd in November from 1.781mbpd October but was 3.2% higher than the official forecast of 1.682mbpd. Oil, NGL and condensate production fell to 1.975mbpd from 2.00mbpd last month but above the forecast of 1.934mbpd by 2.1%.
  • Natural gas production increased to 360mcm/d in November from 341.9mcm/d in October and was 3% above a forecast of 349.5mcm/d.
  • The total petroleum production so far in 2024 is about 221.4mcm oil equivalents and 9.2mcm oil equivalents higher than 2023.

 

Keep reading...Show less