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Thursday, June 18, 2026

Tag: economy

Statoil eyes new cuts in North Sea

Norwegian oil company Statoil will have slashed its costs by around NOK 2.5 billion a year when it wraps up its so-called STEP efficiency program at the...

Statoil’s loss sends its shares tumbling

Norway's largest company, state-controlled oil firm Statoil, released results Wednesday morning that were "much, much worse than expected," sending chills throughout the market and the country's...

Prices rise more than expected

Norway's consumer price index (CPI) rose 3.7 percent in June, compared to the same month last year, and that surprised economists and analysts at...

DNB loan losses ‘shocked’ market

Norway's biggest bank, DNB, has been logging huge profits for years but is now feeling the effects of the dive in oil prices. The pain...

Real estate prices soar to ‘sick’ levels

Housing prices in Norway have never been higher, and now they're so high that the International Monetary Fund (IMF) is repeating warnings that debt...

Brexit prompts more warnings

Prime Minister Erna Solberg and Foreign Minister Børge Brende aren't the only ones warning against any changes in Norway's own agreement with the EU...

Brexit fallout set to keep swirling

Markets were showing signs of recovery on Wednesday after the shock of Britian's exit from the European Union began to ease, but Norwegian analysts think...

Brende braces for the Brexit storm

Foreign Minister Børge Brende is advising Norwegians "to sit still in the boat" as the storm rises around Great Britian's pending withdrawal from the European...

Norwegian Air’s stock pounded

The Oslo Stock Exchange was having another bad day on Monday, with all its five most-traded shares falling once again. None dove as steeply as Norwegian...

Krone and stocks dive on ‘Brexit’

UPDATED: Norway's key financial markets and the value of its currency all took a sharp dive on Friday after British voters decided to leave the...
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