EnergyWatch

Oil companies raise Norwegian oil fund in second quarter

Norway's national oil fund booked a NOK 167 billion return in the second quarter. Investments within oil and gas were particularly lucrative for the fund.

Photo: Shell

Listed oil and gas companies were a opportune investment for the Norwegian national oil fund (Oljefondet) in the second quarter.

The Norwegian fund has once again booked profits after a start to the year where the first three months saw negative returns and a a deficit of NOK 171 billion (USD 20.28 billion).

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