Norwegian October oil and gas output lags forecasts

OSLO, Nov 21 (Reuters) – Norway’s natural gas output
rose in October from a four-year low in September but still
lagged an official forecast, while crude oil production also
fell behind expectations, the Norwegian Petroleum Directorate
(NPD) said on Tuesday.

Natural gas production in October rose to 328.1 million
cubic metres (mcm) per day from 199.1 mcm a month ago, but
missed a forecast of 354.7 mcm by 7.5%, the regulator said on
its website.

Crude oil output rose to 1.78 million barrels per day (bpd)
in October from 1.68 million bpd in September, below a forecast
of 1.84 million bpd, NPD’s preliminary data showed.
(Reporting by Nora Buli, editing by Terje Solsvik)

Latest news
Related news