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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.
OIL
Norway’s oil and natural gas production fell on the month in August, while gas production significantly lagged year-ago levels, NPD data show.
- Total liquids production – including oil, NGL and condensate – stood at a daily average of 2.007mn barrels, above the August forecast of 1.985mn barrels, but down by 2.5% month on month.
- Oil production in August stood at 1.79mbpd, compared with the forecast of 1.772mbpd. Oil output was down on the month from 1.836mbpd but up from 2022 levels of 1.783mbpd.
- Natural gas production last month stood at 311.1mcm/d, 1.9% below the forecast and down by 3.5% on the month. Gas output also lagged last year’s levels by 9.8%.
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.
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