Arab Today, arab today markets shrug off norwegian oil strike
Last Updated : GMT 18:20:30
Arab Today, arab today
Arab Today, arab today

Markets shrug off Norwegian oil strike

Arab Today, arab today

Arab Today, arab today Markets shrug off Norwegian oil strike

Oslo - UPI

Norwegian officials said a strike by offshore oil workers is harming the country\'s energy reputation though a market analyst said overall impact is minimal. Norwegian energy company Statoil estimates a labor strike by offshore workers cut oil production as much as 250,000 barrels per day. Several fields on the Norwegian continental shelf were shut down because of the strike. Jan Hodneland, an employee policy official at the Norwegian Oil Industry Association, said the work stoppage has halted 15 percent of oil production and 7 percent of natural gas output. \"Apart from its major financial consequences, downing tools in this way is damaging Norway\'s reputation as a stable supplier of oil and gas,\" he said in a statement. Norway hosted a forum this week on arctic exploration amid the strike, which began Sunday. Michael Hewson, a market analyst for CMC Markets UK in London, told Bloomberg News the overall market impact on the Norwegian strike was minimal. \"The expectation is that there is significant oversupply in the market so the Norwegian strike is neither here nor there,\" he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today markets shrug off norwegian oil strike Arab Today, arab today markets shrug off norwegian oil strike

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today markets shrug off norwegian oil strike Arab Today, arab today markets shrug off norwegian oil strike

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday