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Norway’s Jan Oil Output Lagged NPD’s Forecast By 3%

OIL

Norway’s oil, NGL and condensate production in January stood at a daily average of 1.979mn barrels, lagging forecasts but exceeding January 2022 levels, preliminary NPD data show.

  • NPD forecasts suggested total production at 2.003mn barrels for January.
  • Oil production last month stood at an average of 1.754mn barrels, up from level’s seen in January 2022 at 1.736mn barrels.

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