NORWAY OIL & GAS DOWN
A preliminary report from the the Norwegian Petroleum Directorate (NPD) shows oil and gas output in Norway decreased in August compared to July, Reuters reported. The report found oil production reached 1.485 million barrels per day in August, down from 1.5 million bpd in July. Previously, NPD also revised figures for oil production down from the preliminary July figures of 1.524 million bpd for oil. The NPD said natural gas output in August hit 7.3 billion cubic meters, which is lower than the final July count of 7.98 billion cubic meters.
Last month, Bente Nyland, head of the NPD, said the agency expected oil production forecasts to be lower than originally expected, Bloomberg…
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