Morgan Stanley raised its third-quarter price forecast for Brent by $10 per barrel to $130 citing a 'greater deficit' this year due to lower supply from Russia and Iran, which is likely to outweigh short-term demand headwinds.'The oil market is contending with negative GDP revisions…
Norway's crude oil output in March missed the official forecast but gas output exceeded expectations, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output fell to 1.74 million barrels per day (bpd) in March from 1…
Norway's oil and gas output in January fell from the previous month, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output fell to 1.74 million barrels per day (bpd) in January from 1.85 million bpd in December…
Oil and gas firms in Norway have raised this year's investment forecasts as they seek to benefit from pandemic-era tax incentives intended to boost activity, a national statistics office (SSB) survey showed on Thursday.The biggest business sector in Norway now expects to invest 159…
Norway's oil and gas output in December rose from the previous month, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output increased to 1.84 million barrels per day (bpd) in December from 1.73 million bpd in November…
Norway's oil and gas output in November fell from the previous month, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday.Crude oil output declined to 1.73 million barrels per day (bpd) in November from 1.82 million bpd in October…
Norway's petroleum output in October rose from the previous month, exceeding official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output increased to 1.82 million barrels per day (bpd) in October from 1…
Oil and gas firms in Norway have increased their 2022 investment forecasts during the last three months as the industry prepares to take advantage of tax incentives designed to boost activity, a national statistics office (SSB) survey showed on Thursday…
Norway's petroleum output in September fell from the previous month, but exceeded official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday.Crude oil output declined to 1.77 million barrels per day (bpd) in September from 1…
Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Thursday.Crude oil output rose to 1.81 million barrels per day (bpd) in August from 1…
Australia's Santos Ltd increased the lower end of its annual production outlook on Thursday and reported a 37% jump in second-quarter revenue, helped by higher prices and increased demand for natural gas.The country's second-largest independent…
Norway's oil production lagged official expectations in June, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Wednesday.NPD cited technical problems and maintenance outages as reasons for the lower-than-expected production…
Norway's oil and gas production exceeded official expectations in May, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output declined 4.2% from April to 1.654 million barrels per day (bpd) in May, while the NPD's forecast for the month had stood at 1…
Swedish oil firm Lundin Energy raised its full-year production forecast on Monday and said output had exceeded forecasts at all its key fields.The company now expects daily output for 2021 to average between 180,000-195,000 barrels of oil equivalent per day (boed)…
Oil and gas firms in Norway have increased their 2021 and 2022 investment forecasts during the last three months as more projects are being developed, a national statistics office (SSB) survey showed on Wednesday.The biggest business sector in Norway now expects to invest 181…
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