Norway's energy sector rebounding from historic lows

Norway is a main oil and gas producer and one of the central suppliers to the European economy, outside of Russia. Lingering strains from last year's market downturn are catching up with Norway and production levels have been on a slow decline over the past few months. The country’s government said recovery was coming from historic lows as investments declined 27 percent in the last two years alone. Investments peaked in the four-year period ending in 2014 because Nordic Chamber Report 15-28 February 2017 of persistently high oil prices. Despite improvements since late 2016, crude oil prices are still about half what they were three years ago. (



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