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
(in barrels per day)
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GlobalData. (May 26, 2020). Reduction in oil production in Norway due to coronavirus oil crisis in 2020 (in barrels per day) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/329258/norway-oil-production-cuts/
GlobalData. "Reduction in oil production in Norway due to coronavirus oil crisis in 2020 (in barrels per day)." Chart. May 26, 2020. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/329258/norway-oil-production-cuts/
GlobalData. (2020). Reduction in oil production in Norway due to coronavirus oil crisis in 2020 (in barrels per day). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/329258/norway-oil-production-cuts/
GlobalData. "Reduction in Oil Production in Norway Due to Coronavirus Oil Crisis in 2020 (in Barrels per Day)." Statista, Statista Inc., 26 May 2020, https://www.statista.com/statistics/329258/norway-oil-production-cuts/
GlobalData, Reduction in oil production in Norway due to coronavirus oil crisis in 2020 (in barrels per day) Statista, https://www.statista.com/statistics/329258/norway-oil-production-cuts/ (last visited December 03, 2024)
Reduction in oil production in Norway due to coronavirus oil crisis in 2020 (in barrels per day) [Graph], GlobalData, May 26, 2020. [Online]. Available: https://www.statista.com/statistics/329258/norway-oil-production-cuts/
