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Norway’s Oil Output Rises So Far In 2017

Oil

Norway’s oil production across 2017 so far, output has risen by an average of 41K b/d from the same period in 2016 to 1.65M b/d, according to the Norwegian Petroleum Directorate.

The upward y-o-y trend is also expected to continue through the remaining 5 months of 2017, with the NPD’s forecast showing output of 1.60M b/d, compared with output of 1.51M b/d in August to December 2016.