Norway Opens Production Tap as Crude Collapse Erodes Revenue
- Production beat forecasts by 12% in September, 13% in August
- Volumes seen boosted by fewer field halts, efficiency gains
Norway's Solberg: Economic Change Not Due to Oil
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Norwegian oil companies are turning on the spigots to counter plunging crude prices.
That’s welcome news for the government of western Europe’s biggest oil producer, which next year is planning to dip into its massive wealth fund for the first time to cover budget shortfalls and stimulate the slowing economy.