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Norway to decide if it will sell $40 billion in oil and gas stocks

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Updated: 13 April 2019
  • Norwegian Finance Ministry is set to reveal whether they will decide to release their huge investment in oil and gas this morning.
  • Selling would take place over several years to lessen the chances of a repeat of the 2017 decline in oil stocks following the original proposal.

As Western Europe’s largest producer of oil and gas, Norway proposes that having their financial fortunes doubly-linked to the industries is unnecessary. The move could place huge pressure on the oil and gas industries if it goes ahead after the reveal at 10:45 GMT today.