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Wednesday, June 17, 2026

Tag: oil prices

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,...

Statoil starts to clean up its act

NEWS ANALYSIS: Norway's state oil company Statoil, faced with much lower prices for what it sells, is launching a more offensive climate strategy. It's...

‘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...

Oil capital’s hotels hit hard

Nearly 60 percent of the hotel rooms in Norway's oil capital of Stavanger were vacant last month. Diving oil prices, cost-cutting in the oil...

All Arctic projects under pressure

Record numbers of delegates were gathered in Norway's northern city of Tromsø on Monday for the largest Arctic Frontiers conference ever, but some of the issues...

New battle looms over Arctic oil

As oil prices fell again on Tuesday, down to around USD 45 a barrel for North Sea crude, business and labour leaders in Northern Norway...

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,...

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...

Marathon buyout worth billions

Det Norske Oljeselskap announced on Monday it had bought out Marathon Oil Norway for NOK 12.6 billion (USD 2.1 billion). The acquisition extends industrialist...

Homeowners warned of price drop

Norway could be heading for a severe drop in real estate prices, economists warned on Thursday. Indebted households in the largest cities and Stavanger...
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