Norway's Oil Export Earnings Surge 68% Amid Iran War

Norway's Oil Export Earnings Surge 68% Amid Iran War Authored by Alex Komani via OilPrice.com, Norway's crude oil export earnings surged 67.9% year-on-year in March to a record 57.4 billion kroner ($6.1 billion), primarily driven by soaring global energy prices following the outbreak of the Iran war and the subsequent closure of the Strait of Hormuz. Oil prices averaged 1,014 kroner ($107.52) per barrel in March, the highest monthly average since September 2023. As Europe’s l...

By Tyler Durden