Crude Oil Production in Norway decreased to 1751 BBL/D/1K in August from 1765 BBL/D/1K in July of 2020. source: U.S. Energy Information Administration

Crude Oil Production in Norway averaged 1671.06 BBL/D/1K from 1973 until 2020, 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. This page provides the latest reported value for - Norway Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Crude Oil Production - values, historical data and charts - was last updated on November of 2020.

Crude Oil Production in Norway is expected to be 1550.00 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 1750.00 in 12 months time. In the long-term, the Norway Crude Oil Production is projected to trend around 1800.00 BBL/D/1K in 2021 and 1750.00 BBL/D/1K in 2022, according to our econometric models.

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Norway Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
1751.00 1765.00 3417.00 2.00 1973 - 2020 BBL/D/1K Monthly
NSA

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 2708.00 -8558.00 48677.18 -9736.00 NOK Million [+]
Current Account 20482.00 63231.00 122730.00 -16125.00 NOK Million [+]
Current Account to GDP 4.10 7.10 16.20 -6.10 percent [+]
Imports 67892.06 67892.00 83879.95 696.00 NOK Million [+]
Exports 70600.44 70600.00 98223.26 449.00 NOK Million [+]
External Debt 6328877.00 6638702.00 6638702.00 0.00 NOK Million [+]
Terms of Trade 86.37 88.89 115.90 75.84 points [+]
Capital Flows 12534.00 141931.00 189108.00 -149083.00 NOK Million [+]
Crude Oil Production 1751.00 1765.00 3417.00 2.00 BBL/D/1K [+]
Oil Exports 20259.00 15593.00 37132.00 0.00 NOK Million [+]
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 -34300.00 -76651.00 118173.00 -220006.00 NOK Million [+]