OGJ NEWSLETTER

A wildcat strike by Norwegian offshore workers that briefly slashed Norway's oil flow by almost 1 million b/d appears to have ended with little effect on oil markets. Decisive action by Phillips in Ekofisk field apparently halted the strike by about 1,000 Norwegian oil workers who defied union and government orders to return to work. The strike, which began July 1, cut Norway's output to 700,000 b/d from 1.67 million b/d and halted gas flow.

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