Analysts forecast best Equinor result in seven years

The Norwegian oil firm has started off with a bang in 2021, as indicated by its own estimates.

Photo: PR / Equinor

2020, if anything, was proof that oil has its ups and downs. In this case, however, it mostly went down. The coronavirus and crude price crises forced major deficits upon most major oil companies in the world, and Norway's Equinor saw a total loss for the year of NOK 5.5bn (EUR 548m), the largest in the company's history.

There is much to indicate that the firm has got off to a better start on 2021 – not least due to oil prices, which have been far better than last year, with a barrel of Brent currently trading at USD 65.

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