Strike in Norway will cut oil and gas output

  • Industrial action will begin at midnight local time (2200 GMT) at three fields – Gudrun, Oseberg South and Oseberg East – and will then expand at three other fields – Kristin, Heidrun and Aasta Hansteen – from midnight on Wednesday.
  • A seventh field, Tyrihans, will have to shut because its output is processed from Kristin.

Supply is already tight.

Brent update, hourly candles:

brent 05 July 2022
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