Norway makes money through surging crude oil and natural gas exports...

Norway records a trade surplus of 97.5 billion kroner in March 2026, the highest in over three years, driven by surging crude oil and natural gas exports. Oil revenues hit a record high amid rising prices linked to the Strait of Hormuz crisis, while gas demand increases as Europe seeks alternatives to Middle Eastern supply. Total exports significantly outpace imports, boosting national income. The windfall supports Norway’s sovereign wealth fund, though global uncertainty prompts a cautious outlook, with slower growth expected in the mainland economy despite strong energy performance.

Wednesday, 15 April, 2026