Tag: economy

Statoil’s ‘uncertainty’ grips the market

The new chief executive of Statoil, Eldar Sætre, welcomed reporters to a press conference on Friday by saying it was "a time with much...

Oil prices jumped, and so did Statoil

North Sea crude oil was suddenly trading for more than USD 55 a barrel on Monday, reversing a long decline that began last year....

Oil prices rise on Saudi king’s death

The death of Saudi Arabia's King Abdullah during the night led to an immediate power shift and may give a boost to Norway's oil-fueled economy. Protesters, meanwhile,...

‘The New Normal’ can build roads

Commuters may come out the best as Norway's once-high-flying economy adjusts to what politicians and economists are calling "The New Normal." That refers to the...

Objections rise to Sunday shopping

The Norwegian government's proposal to allow all retailers to open for business on Sunday has met massive opposition. "No one wants this," claims Trine...

Oil jobs disappear but business upbeat

More than 9,000 jobs in Norway's oil sector have disappeared as a result of cuts made by employers adjusting to much lower oil prices,...

Oil price dips to new six-year low

The price of a barrel of North Sea crude oil sunk below USD 50 on Wednesday morning for the first time since the finance...

Krone dives again, but may resurface

The value of the Norwegian currency, the krone, was down again on Tuesday, with one US dollar costing NOK 7.73 by midday. Consumers have been...

Oslo stocks defied the oil price dive

Trading on the Oslo Stock Exchange ended the year slightly down this week, but the exchange's main index rose 5 percent for the year despite...

Experts look up to lower oil prices

Norwegian analysts, business executives, economists and politicians are suddenly seeing an upside to the recent fall in oil prices. As the country heads into...
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