Norway's Oil Output Beats Forecasts Again Despite Pullback from April Highs | EN590 Commodities
EN590 Commodities GroupCrude Oil June 24, 2026
Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel Crunch Jan-Thore is a Norwegian oil and gas expert with two decades of industry experience across a variety of roles. For the past five years, he… Norwegian petroleum productioneased in Mayafter April's exceptionally strong performance, but the country's offshore sector continued to outperform expectations. Crude oil production came in 7.2% above official forecasts even as both oil and gas output declined from the previous month, reinforcing Norway's position as one of Europe's most reliable energy suppliers. Norway produced an average of 1.722 million barrels of crude oil per day in May, according to preliminary figures from the Norwegian Offshore Directorate. While that was down from 1.952 million barrels per dayin
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