International Economic

Norway lifts oil, gas revenue forecasts as Iran war hikes energy prices

By Frank Prenesti

Date: Tuesday 12 May 2026

(Sharecast News) - Norway lifted oil and gas production revenue forecasts as it benefited from the surge in energy prices caused by the US-Israeli war on Iran.


The government said it now expected revenue from the petroleum sector of 721 billion Norwegian crowns, up from an initial estimate...

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