For the Rich, One Nation Isn't Rolling out the Red Carpet
Norway, now maybe more than any other nation, is really working to share the wealth.
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Norway, now maybe more than any other nation, is really working to share the wealth.
The upward adjustment was driven by higher growth estimates for field development and exploration.
Norway's retail sales decreased for the first time in three months, while household consumption rebounded sharply at the start of the second quarter.The volume of retail sales dropped a seasonally adjusted 0.
Spending on oil and gas extraction and pipeline transport will jump by 15% in 2024, compared with the 215 billion kroner spent a year earlier, Statistics Norway said on Tuesday. Spending in 2025 is forecast to be 216 billion kroner, the agency said.
Norway's oil and gas investments are set to reach a record high in 2024, driven by increased spending on exploration and field developments.