Norway To End Oil Production Cuts On December 31st ...Middle East

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Norway To End Oil Production Cuts On December 31st
Western Europe’s largest oil producer, Norway, will be ending the government-imposed oil production cuts at the end of the year, the Ministry of Petroleum and Energy said on Tuesday, while OPEC and its partners in the wider OPEC+ coalition continue to discuss how to proceed with the cuts next year. Norway, which is not part of the OPEC+ coalition, is cutting its oil production because of the slump in demand and prices in the spring of this year. Norway decided in April to reduce its crude oil production by the end of 2020, saying…

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