The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Forget about US$100 oil coming back, says Norway

Minister says "we saw oil prices hitting US$140 a barrel, and that does not contribute to economic growth"

Published Wed, May 25, 2016 · 09:50 PM
Share this article.

Oslo

THE oil market is rebalancing, but don't count on ever seeing prices at US$100 a barrel again: that's the message from Norway's petroleum and energy minister.

Brent crude has surged more than 70 per cent from a 12-year low earlier this year as a global glut shows signs of easing, bringing relief to oil companies and producing countries like Norway,…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here