Norway, Western Europe’s largest oil producer, said on Friday it may cut its crude output if the deal negotiated by the OPEC+ nations is carried out as planned.
Norway’s Minister of Petroleum and Energy Tina Bru is taking part in Friday’s G20 video conference to discuss the situation in the energy market.
Non-OPEC Norway’s crude output stood at 1.75 million bpd in February, up 26 percent from a year earlier. Including condensate and natural gas liquids (NGL), the oil liquids production was 2.1 million bpd.
OPEC+ to pressure Mexico to join oil cuts as G20 discusses more actionOil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected topressure Mexico on Friday to seal an accord for a collective cut in ... Energy
OPEC+ oil pact ‘hinges on’ Mexico joining, says Saudi Arabia’s energy ministerSaudi Arabia’s energy minister said on Friday that a final OPEC+ oil supply pact to reduce 10 million barrels per day, which was agreed on Thursday, ... Energy
OPEC+ outlines oil cut deal, but Mexico holds up final agreement: SourcesOPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and ... Energy
Trump says Saudi Arabia, Russia ‘close’ to oil production deal after OPEC+ meetingUS President Donald Trump said Thursday that Russia and Saudi Arabia are “close” to agreeing on production cuts to prop up oil prices.“I would say ... Energy