Down: Norwegian barrel count
Norway output drops
Norway's oil production fell to a preliminary 1.79 million barrels per day on average in May from 1.99 million in April, the Norwegian Petroleum Directorate said today.
Production of natural gas liquids and condensate fell to a preliminary 339,000 barrels per day in May from 371,000 in April, the directorate said in a statement.
Gas production fell to a preliminary 7.9 billion standard cubic metres in May from 8.7 billion in April, the NPD said.
Non-Opec producer Norway is the world's sixth biggest oil exporter and western Europe's biggest gas exporter.
Oil companies on the Norwegian continental shelf are struggling to maintain production against a long-term declining trend at maturing North Sea oilfields, but Norway's gas production continues to grow.