15:15 GMT18 April 2021
Listen Live
    Get short URL

    In an interview with Reuters, Norway's Oil and Energy Minister Tina Bru said she was following the developments on the global market closely, and has been in contact with other oil-producing countries.

    Norway may consider oil production cuts if a wide deal is agreed, the country's Oil and Energy Minister Tina Bru said, as quoted by Reuters. 

    "If a broad group of producers agree to cut production significantly, Norway will consider a unilateral cut if it supports our resource management and our economy," the minister said, as quoted by the agency.

    Norway is Western Europe's largest oil and gas producer. 

    The next OPEC and non-OPEC oil producers' meeting has been moved back to 9 April, an adviser to Azerbaijan's oil minister said on Saturday.

    The meeting, which is supposed to take place via video conference, was previously scheduled for 6 April.

    Earlier, OPEC Secretary-General Mohammed Barkindo said that he was in constant contact with the OPEC+ countries, adding that most participants were ready to cut oil production.

    The oil market has been in turmoil since early March after the OPEC+ alliance failed to agree on output cuts amid the spiralling coronavirus outbreak. 

    oil prices, Norway
    Community standardsDiscussion