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Norwegian Oil & Gas Production Beats July Forecasts

OIL

Norwegian oil and natural gas output rose in July - rising above forecasts according to the Norwegian Offshore Directorate date.

  • Natural gas production in July rose to 360 mcm per day from 345.8 mcm in June and above a forecast of 320.8 mcm.
  • Crude oil output rose to 1.83 mn bpd in July from 1.72 million bpd in June and was above a forecast of 1.72 million bpd.

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