Norway says still willing to cut oil output if OPEC+ plan implemented

Norway says still willing to cut oil output if OPEC+ plan implemented
  • Clock-gray 19:02
  • calendar-gray 11 April 2020

Norway, Western Europe’s largest oil producer, said on Saturday the country was still considering cutting oil production if the OPEC+ group implemented its plan, APA reports citing Reuters.

“How any potential output cut will be carried out by Norway, and the size of it, we will have to come back to,” Minister of Petroleum and Energy Tina Bru said in an emailed statement to Reuters.

 

Efforts by top oil nations to reach a deal on cuts of up to 15 million barrels of oil per day (bpd) hit a roadblock on Friday when Saudi Arabia and Mexico failed to agree during a G20 meeting of energy ministers.

 

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