ShippingWatch

Oil and gas shares in big dive on Oslo Stock Exchange

The negative developments in the energy sector are clearly reflected by energy shares on the Oslo Stock Exchange, as the shares dropped significantly during October. Shipping shares, however, are on the rise.

Photo: PR

The downturn of the energy companies has now reached the shareholders in the listed companies that work with oil and gas in the North Sea and the Barents Sea.

This applies to the companies that extract energy from the underground as well as the broad array of companies that, as subcontractors, live off of the energy companies' usually plump budgets.

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