Crude Oil Production in Norway decreased to 1805 BBL/D/1K in February from 1816 BBL/D/1K in January of 2021. source: U.S. Energy Information Administration

Crude Oil Production in Norway averaged 1671.57 BBL/D/1K from 1973 until 2021, 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 June of 2021.

Crude Oil Production in Norway is expected to be 1700.00 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 1800.00 in 12 months time. In the long-term, the Norway Crude Oil Production is projected to trend around 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
1805.00 1816.00 3417.00 2.00 1973 - 2021 BBL/D/1K Monthly
NSA

Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 15543.00 16739.00 48677.18 -9303.00 NOK Million [+]
Current Account 94301.00 94301.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 1.90 2.80 16.10 -6.10 percent of GDP [+]
Imports 71789.00 65357.00 83879.95 696.00 NOK Million [+]
Exports 87332.00 82276.00 98469.00 449.00 NOK Million [+]
External Debt 6063991.00 6151512.00 6638702.00 0.00 NOK Million [+]
Terms of Trade 89.59 84.12 115.90 75.84 points [+]
Capital Flows 98474.00 -70605.00 189108.00 -162110.00 NOK Million [+]
Crude Oil Production 1805.00 1816.00 3417.00 2.00 BBL/D/1K [+]
Oil Exports 24492.00 27693.00 37132.00 0.00 NOK Million [+]
Terrorism Index 1.30 0.08 4.71 0.00 [+]
Weapons Sales 72.00 31.00 278.00 1.00 SIPRI TIV Million [+]
Foreign Direct Investment -24017.00 10237.00 139145.00 -220006.00 NOK Million [+]