No OPEC Help Expected by Norway’s Fastest-Growing Crude Producer
- Det Norske CEO sees Algiers meeting yielding ‘status quo’
- Sees no oil-price ceiling at $50, but $100 days probably over
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Det Norske Oljeselskap ASA, Norway’s fastest-growing oil company, isn’t expecting anything from the meeting of oil producers in Algiers this week, Chief Executive Officer Karl Johnny Hersvik said Tuesday.
“I’m planning on basically status quo,” he said in an interview with Bloomberg TV at the company’s headquarters outside Oslo. “The negotiations will go on, discussions will go on, and there will be continued struggle around these issues. So I have no particular expectations.”