Norway’s Oil Production Dropped In January

Oil production in Norway, the biggest oil producer in Western Europe, slipped in January compared to December and was 3% below official forecasts, the Norwegian Petroleum Directorate said on Tuesday. Last month, Norway pumped 1.754 million barrels per day (bpd) of crude oil, 200,000 bpd of natural gas liquids (NGL), and 25,000 bpd of condensate. Total oil production in January was 3.0% lower than the NPD’s forecast, while crude oil output was 1.2% below forecasts and 1% lower than in December 2022. Norway’s natural gas production also…