Strike in Norway will cut oil and gas output

Norwegian offshore workers will go on strike on Tuesday. The stoppage will cut oil and gas output.

Info via Reuters:

  • 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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