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The Norwegian Statistical Office (SSB) says they're expecting a record-breaking level of investment in the country's oil and gas sector in 2025. Revised estimates indicate that total capital inflows are likely to hit 269.1 billion Norwegian kroner (about $26.46 billion).
The energy market remains volatile. On Wednesday, oil prices rose as the US tightened restrictions on exports of raw materials from Venezuela. In particular, the ban has affected one of the largest US producers, Chevron.
Saudi Arabia may lower the price of its oil for Asian buyers in July to the lowest level in six months due to an increase in OPEC+ supply. This information comes from industry sources surveyed by Reuters.
Saudi Arabia and Kuwait announced the discovery of a big oil field in the so-called Partitioned Neutral Zone, which is located on the border between the two countries. The new site is just five kilometers north of the Wafra field.
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