Oil at $100 Loss Warning Rejected by Norges Bank: Nordic Credit
This article is for subscribers only.
Oeystein Olsen, Norway’s central bank governor, rejected industry warnings that oil at about $100 a barrel is too cheap to support growth in western Europe’s biggest crude exporter.
“We have been quite lucky and we have benefited from relatively high oil prices, $100 per barrel or just above,” Olsen said in a Feb. 28 interview after a press conference in Oslo. “Given other developments all over the world, we should be relatively content if this level remains.”