XM does not provide services to residents of the United States of America.

Norway's overall oil, gas output beats forecast in October



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-Norway's overall oil, gas output beats forecast in October</title></head><body>

Overall oil, gas output 5% ahead of official forecast

Gas output beats forecast by 4%, oil by 8.2%

Norway is Europe's largest supplier of natural gas

Adds detail on gas, oil output in paragraphs 4-5

OSLO, Nov 20 (Reuters) -Norway's combined oil and natural gas production exceeded an official forecast by 5% in October, the Norwegian Offshore Directorate (NOD) said on Wednesday.

Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies from month to month depending on maintenance needs and other stoppages at more than 90 offshore fields.

Overall oil, condensate, natural gas liquids and gas output stood at 0.657 million standard cubic metres per day, equivalent to 4.13 million barrels of oil equivalent, an increase of 1.9% year-on-year.

Natural gas production in October rose to 341.2 million cubic metres (mcm) per day from 328.8 mcm a year earlier, and exceeded a forecast of 328 mcm by 4%, the regulator said on its website.

Crude oil output rose slightly to 1.774 million barrels per day (bpd) in October from 1.772 million bpd in the same month last year, beating a forecast of 1.639 million bpd by 8.2%, NOD's preliminary data showed.



Reporting by Terje Solsvik, editing by Nora Buli and Louise Heavens

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.