Norway's Oil Output Plunges Amid Global Supply Crisis
Norway's crude oil production averaged 1.776 million barrels per day in July, according to preliminary figures from the Norwegian Offshore Directorate.
The country also produced 183,000 barrels per day of natural gas liquids and 17,000 barrels per day of condensate, bringing total liquids production to 1.976 million barrels per day.
The year-over-year comparison is striking: Norway's crude output was down by approximately 195,000 barrels per day, or nearly 10%, from July 2025's 1.971 million barrels per day.
Total liquids production declined by around 197,000 barrels per day, or 9.1%, from 2.173 million barrels per day a year earlier.
The International Energy Agency estimates that 8.3 million barrels per day of Gulf production remained shut in during July due to severely restricted traffic through the Strait of Hormuz.
Norwegian crude is produced close to Europe's refining system, supported by established infrastructure and largely insulated from the maritime constraints affecting Middle Eastern exports.