ShippingWatch

Noreco dodges oil collapse – ensured price of USD 67 two years ago

In 2018 Noreco fixed its oil price for this year at USD 67 per barrel, which was quite a bit below the price at the time. Today the company is more or less unaffected by the price plunge, chairman tells Dagens Næringsliv.

Photo: PR / Noreco

The oil price plunge has probably not caused as much concern at oil company Noreco as it has among many others.

"We are more or less unaffected by the oil price drop," says Chairman Riulf Rustad to Dagens Næringsliv, reports Norwegian news agency NTP.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs