Norway Oil Output Dips 0.2% to 1.97M bpd in February

Norwegian oil production fell slightly by 3,000 barrels per day to 1.97 million bpd in February, down 0.2% from January. However, output remains 262,000 bpd higher than the same period last year. The minor production decline could provide modest support for oil prices, potentially strengthening NOK crosses. Norwegian crude supply stability matters for energy-dependent currency movements, particularly affecting NOK pairs against major currencies.