Norway oil production cuts due to coronavirus 2020

The coronavirus (COVID-19) pandemic has had wide reaching impacts on the global economy in 2020, including an oil crisis. As one of the largest producers of crude oil in Europe, Norway's response to the 2020 oil crisis is that the country plans to decrease oil production by 250,000 barrels per day in June 2020, and continue for the remainder of 2020 with decreased production (albeit smaller) in order to stabilize the market.

Reduction in oil production in Norway due to coronavirus oil crisis in 2020

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Source

Release date

May 2020

Region

Norway

Survey time period

2020

Supplementary notes

*Stated as 'the rest of the year' by the source.

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