EnergyWatch

Norwegian oil sector celebrates strengthened OPEC deal

Oil stocks on the Norwegian exchange are celebrating the new year a little early. A strengthened OPEC deal is creating excitement.

Photo: PR

11 countries outside of OPEC are now supporting a reduction in oil production in the first half of 2017. The Oslo Stock Exchange interprets this as good news. Oil shares in the Norwegian oil sector are the main reason why the Oslo Stock Exchange opened Monday 1.3 percent up.

As such, Statoil is trading with a price increase of 1.75 percent, Seadrill with a rise of 7.45 percent and DNO with 4 percent.

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