Monday, December 22, 2014

Study: Norway very well equipped for low oil prices – E24

Study: Norway very well equipped for low oil prices – E24

The giant Norwegian oil fund and Norway’s relatively low oil dependence to balance the budget is highlighted as the two central reasons.

– Norway seems to possess one of the best positions of all manufacturers, writes the Financial Times in the analysis.

It is made on the basis data from ratings agency Fitch and Citi Research.

Oil prices have fallen since last summer’s peak of $ 115 a barrel to the current level of around 60 dollars. It has major consequences, both Norway and other oil-producing countries and countries which import oil.



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