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Bloomberg: Norway’s Deep Cuts to Oil Loadings to Curb Atlantic Basin Crude

Category: Business News

Norway may not officially be part of the OPEC+ alliance to curb oil supply in the face of the coronavirus pandemic, but next month it looks like the Scandinavian country will do its bit toward helping the producer alliance to avert a global glut of crude. Norway’s main oil loadings will drop by 261,000 barrels […]

Source: Bloomberg

Published: August 2, 2020


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Joint Press Statement from U.S. Secretary of Commerce Wilbur Ross and European Commissioner for Justice Didier Reynders

Category: Business News

The U.S. Department of Commerce and the European Commission have initiated discussions to evaluate the potential for an enhanced EU-U.S. Privacy Shield framework to comply with the July 16 judgment of the Court of Justice of the European Union in the Schrems II case. This judgment declared that this framework is no longer a valid […]

Source: US Department of Commerce

Published: August 10, 2020


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Institutional Investor: Why Did a Hedge Fund Manager Worth $700 Million Take a $630,000-a-Year Job Managing an Oil Fund?

Business

Category: Accounting / Financial

At 3:00 in the afternoon on Thursday, November 14, a small group of the world’s most powerful people prepared to board two chartered airplanes in two separate European capitals. They were headed for Philadelphia for a weekend-long event that had been several years in the making for its creator, Nicolai Tangen, the Norwegian founder of […]

Source: Institutional Investor

Published: August 2, 2020


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Forbes: Norway Clamps Down As Coronavirus Cases Rise, Face Masks A Possibility

Category: Business News

Following a rise in positive COVID-19 tests over the last two weeks, the Norwegian government has extended its emergency measures and introduced some new restrictions. Ban on large events, late-night alcohol The maximum limit of 200 people at events is to be retained, as will the ban on grass-roots sports. There is also a new […]

Source: Forbes

Published: August 7, 2020


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SSB: Manufacturing turnover fell sharply in the second quarter

Category: Business News

Seasonally-adjusted figures show that the total turnover in Norwegian manufacturing decreased by 7.5 per cent from the first to the second quarter of 2020. On a monthly basis however, from May to June 2020, the manufacturing turnover increased by 2.5 per cent. Three-month change: refined petroleum, chemicals and pharmaceuticals decreases manufacturing turnover Seasonally-adjusted figures show that […]

Source: SSB

Published: August 7, 2020


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