Western Europe’s Top Oil Producer Has a Surprise for Markets
- Oil output poised to defy predicted decline again in 2016
- More efficient operations increasing output regularity: Petoro
Oil Gains as OPEC Plans Informal Talks
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For Norway, the collapse in crude prices has a silver lining: output has exceeded expectations every month for the past two years.
That’s likely to continue as oil companies boost efficiency and pump at full pace amid dwindling revenue, according to the head of Petoro AS, the state-owned oil company that owns more than a quarter of the petroleum output in Western Europe’s biggest producer.