Norway Oil Ministry: No Plan to Cut Output

Norway has no plans to cut its oil output, the country's oil and energy ministry said on Tuesday.

 

"The Ministry has a good dialogue with other countries about the oil market. We are not in a situation in which regulating production is on the agenda for Norway," the ministry said in a statement.

 

Kuwait's oil minister said earlier on Tuesday that Saudi Arabia's oil minister had spoken to countries including Norway, Turkmenistan and Egypt which had signalled a willingness to join oil output cuts.


(Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)