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Oil prices rise as looming Norway strike adds to disruptions

Oil prices rise as looming Norway strike adds to disruptions

As reported by the Reuters, oil prices rose on Tuesday on escalating concerns over potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway were set to strike later in the day. Brent crude LCOc1 added 55 cents, or 0.7 percent, to $78.62 per barrel by 0638 GMT, following […]

Norway’s oil fund reaches $1 trillion as value of North Sea oil rises

Norway’s oil fund reaches $1 trillion as value of North Sea oil rises

NORWAY’S sovereign wealth fund, currently the largest in the world and backed by the nation’s oil reserves, have exceeded $1 trillion in value for the first time. This follows comparisons made last month between the Norwegian energy sector and the North Sea oil industry by the pro-independence think tank Business For Scotland (BFS), which argued […]

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