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Norway Oil Workers' Strike Cuts Output by 2.4 Million boe
Original: Norway Oil Service Workers’ Strike Cuts Output by 2.4 Million boe, Industry Group Says
An oil service workers' strike in Norway has cut production by 2.4 million barrels of oil equivalent, according to an industry group. The stoppage is hitting output from one of Europe's key energy suppliers, adding pressure to a market already sensitive to North Sea supply disruptions and raising questions about how long the labor dispute will last.
Why now: Europe is highly sensitive to Norwegian energy supply, so a strike cutting output is drawing attention amid tight energy markets.
Norwayoil service workersNorwegian oil and gas industry
Evidence
- Norway Oil Service Workers’ Strike Cuts Output by 2.4 Million boe, Industry Group Says · EnergyNow.com
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