Euroil Week 19 2020
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Issue 541 14•May•2020 Week 19
Norway taps oil fund for support
Norway is withdrawing $41.4bn from its national oil fund to support its budget during the crisis, surprassing its self-imposed limit on withdrawals.
Swedish refiner free from sanctions
Sweden’s Nynas is no longer under US sanctions, after Venezuela’s PDVSA sold most of its stake in the company.
Equinor income evaporates
Norway’s Equinor has seen its operating income evaporate as a result of weak oil prices, despite record production.
Norway pushes on with drilling
Norway has approved a number of exploration wells this month, despite recent steep cuts to spending.
