November 15, 2019 / 7:38 AM / a month ago

Norway trade recovers in October with rise of oil, gas

OSLO, Nov 15 (Reuters) - Norway’s trade balance bounced back to a surplus last month from a rare deficit in September as oil and gas output recovered, Statistics Norway reported on Friday.

The surplus for October stood at 5.9 billion Norwegian crowns ($645.22 million), and followed a deficit of 1.4 billion crowns the previous month.

September’s deficit, only the third negative reading of any individual month this century, was caused by a sharp fall in natural gas exports as producers held back production amid a slump in prices. (Reporting by Terje Solsvik)

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