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Record Norwegian Oil Exports to Help Europe Fill Russian Gap

  • Johan Sverdrup loadings to jump to fresh high in November
  • North Sea cargoes rise as continent to shun Moscow’s supplies

Record exports of Norway’s Johan Sverdrup crude oil are set to help meet European refineries’ needs as a deadline to phase out Russian supplies draws closer. 

Loadings from the huge Johan Sverdrup field in the North Sea, operated by Norway’s Equinor ASA, will rise to 587,000 barrels a day in November, according to a program seen by Bloomberg. That compares with an average of 500,000 barrels a day in the first three quarters of this year.