Economy
Global airline executives are gathering in Rio de Janeiro for a major industry meeting as the sector faces mounting pressure from a sharp rise in jet fuel costs linked to the war in Iran. The International Air Transport Association is expected to significantly cut its previous 2026 profit forecast of......
Norwegian oil and gas companies have revised their investment expectations upward for the years 2026 and 2027, according to a recent quarterly industry survey. Despite this revision, overall spending is still projected to remain below the record levels achieved in 2025. The survey shows that the country’s......
Norway’s government has significantly upgraded its forecast for oil and gas revenues in 2026, expecting the state to earn around 721.1 billion Norwegian crowns (approximately $78.7 billion), driven by rising global energy prices linked to ongoing geopolitical tensions. The revised estimate marks......
Electric vehicle registrations rose sharply across Western Europe in April 2026, with several countries recording record or near-record battery electric vehicle market shares as consumers increasingly turned away from combustion-engine cars amid fuel price surges driven by the ongoing conflict in the......
Norwegian Cruise Line Holdings has lowered its annual profit forecast, citing increasing operational challenges linked to rising fuel prices and weaker travel demand. The company operates major cruise services worldwide and is currently facing pressure from global economic and geopolitical conditions. Impact......
Norway has generated roughly 5 billion dollars in additional revenue since the start of the war in Iran, as disruptions to global energy supply boosted oil prices and demand from Europe. According to The New York Times, the surge reflects Norway’s growing role as a key energy supplier to European......
The war between the United States, Israel, and Iran, along with a de facto closure of the Strait of Hormuz, has upended global energy markets, and the ripple effects are now reshaping how consumers around the world buy cars. With Brent crude surpassing 116 dollars a barrel this week, drivers from Seoul......
Europeans rush toward used electric vehicles as Iran war-driven gasoline price spikes bite. Online car sales platforms report sharp demand increases continent-wide. Consumers seek cheaper, immediate EV alternatives amid fuel cost surges. The conflict began February 28 with US and Israeli strikes on......
At least 11 liquefied natural gas tankers originally bound for Europe have been redirected to Asia since early March, as buyers in the region outbid European importers for limited cargoes following the escalation of war in the Middle East. Data from MarineTraffic shows the rerouting trend as disruptions......
Lawmakers in Norway are set to vote on proposals to reduce taxes on petrol and diesel as the country faces increasing fuel costs linked to tensions in the Middle East. The debate comes as global oil prices have surged בעקבות the ongoing conflict in the region, placing pressure on households and......
Norges Bank Investment Management, which manages the world's largest sovereign wealth fund at $2.1 trillion, announced Tuesday that it will eventually allow artificial intelligence systems to make certain investment decisions, provided human supervision remains in place. The move comes as the fund......
The Bank of Canada indicated on Monday that interest rate increases may sometimes be necessary even when economic growth is slow. The move reflects concerns about structural changes in the economy that could result from unexpected supply shocks. Deputy Governor Sharon Kozicki highlighted that protectionist......
The European Union is set to waive additional origin checks for gas imports from the United States, Qatar, Norway, Great Britain, Algeria, and Nigeria as it rolls out a new enforcement system to phase out Russian gas supplies. This move, outlined in a draft document from the European Commission and reported......
