Norwegian oil companies experiencing huge price decline since the new year
The ten most valuable oil and oil service companies listed in Oslo have had a negative return of NOK 67 billion since the beginning of the year. Statoil accounts for the by far biggest share of the price fall, which is attributed to the unexpected low oil price, writes E24.
Norwegian oil companies have lost millions in value on the stock exchange in Oslo since the beginning of the year. Altogether, returns in the ten most valuable oil and oil service companies have declined by NOK 67 billion, shows an analysis by Norwegian newspaper E24.
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