OIL & YOUR COUNTRY / Norway

OIL & NORWAY

Norway is a net exporter of 1,812.9 kb/d of petroleum liquids (2025: consumes 239, produces 2,051.8 kb/d — derived from EIA international statistics). Brent rose $9.36 over the past month, to $112.44 (2026-10-22).

PAST MONTH'S MOVE × NET POSITION 1,812.9 kb/d x 1,000 x +$9.36 = +$17.0M/day

ANNUALIZED IF THE MOVE HOLDS +$6.19B/yr

YESTERDAY'S SESSION ALONE 1,812.9 kb/d x 1,000 x +$3.62 = +$6.6M/day

A rise pays it; a fall costs it. Sign follows the move.

First-order border-price exposure: the country's net oil position re-priced at the Brent move, nothing else. It is not a realized import bill or fiscal forecast — it excludes term-contract lags, benchmark differentials (Dubai/Oman, WTI), hedging, product mix, and subsidies. An exact answer to one defined question.

All countries · who pays, who earns The live desk: what's moving oil right now Your desk: what these commodities cost your business, live

Want this the moment it changes? The wire is free. Subscribe.