Crude Oil Production in Norway decreased to 1321 BBL/D/1K in September from 1392 BBL/D/1K in August of 2019. Crude Oil Production in Norway averaged 1670.19 BBL/D/1K from 1973 until 2019, reaching an all time high of 3417 BBL/D/1K in July of 2000 and a record low of 2 BBL/D/1K in January of 1974. source: U.S. Energy Information Administration

Crude Oil Production in Norway is expected to be 1400.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Norway to stand at 1500.00 in 12 months time. In the long-term, the Norway Crude Oil Production is projected to trend around 1800.00 BBL/D/1K in 2020, according to our econometric models.

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Norway Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
1321.00 1392.00 3417.00 2.00 1973 - 2019 BBL/D/1K Monthly
NSA

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 25569.93 17924.15 48677.18 -5680.00 NOK Million [+]
Current Account 23927.00 26527.00 122730.00 -16125.00 NOK Million [+]
Current Account to GDP 7.10 4.60 16.20 -6.10 percent [+]
Imports 58831.96 63655.79 83879.95 696.00 NOK Million [+]
Exports 84401.89 81579.94 98223.26 449.00 NOK Million [+]
External Debt 5631357.00 5526407.00 5631357.00 0.00 NOK Million [+]
Terms of Trade 94.46 96.40 115.90 75.84 points [+]
Capital Flows -23983.00 102574.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1321.00 1392.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.08 0.15 4.71 0.00 [+]
Weapons Sales 64.00 153.00 278.00 1.00 USD Million [+]
Foreign Direct Investment 27945.00 -49328.00 118173.00 -220006.00 NOK Million [+]