26
Mar
00:00
Low production costs to support Norway oil & gas projects despite oil price slump
The low cost of Norwegian oil and gas projects helps limit the risk of a decline in production and allows for potential new investments into the sector at an oil price of $55/barrel, according to credit rating agency Fitch. This suggests projects will go ahead and support steel demand from rigbuilding and drilling activities.
Depletion of Norway's North Sea oil and gas fields led to a near 50% drop in oil production between 2001 and 2013, although this h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous