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Economists: Oil investments to decline less than expected

Investments in the oil sector will continue to decline next year, but the drop could be smaller than expected, according to an analysis from Norway's central statistics bureau.

Photo: Wintershall

On May 26, Norway's central statistics bureau (Norges Statistisk Sentralbureau) will release its projections for oil investments for 2016 and 2017.

Economists predict that the report will show a drop in investments by USD 19.4 million in 2016 and a further decline to USD 18.2 million in 2017, reports, Norwegian business daily Dagens Næringsliv on the basis of  average estimates which TDN Finans has collected from four economists.

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