Trade
Norway’s Crude Exports Hit Record Value as Oil Price Soared
The largest energy exporter in western Europe was helped by natural gas prices climbing as the Iran war hit supplies.
Photographer: Carina Johansen/BloombergNorway’s crude exports surged to a record by value last month due to the outbreak of the war in the Middle East, helping to raise the country’s trade surplus to the highest level in more than three years.
The value of crude oil exports jumped 68% in March from a year earlier to 57.4 billion kroner ($6.1 billion), on foreign sales of 56.6 million barrels, Statistics Norway said in a statement Wednesday.