Norway's oil exports reached a record high of 57.4 billion kroner ($6.08 billion) in early 2026, up 67.9% year-on-year, as disruptions in the Strait of Hormuz positioned Norway as a key supplier for the UK and EU. Production hit 1.97 million barrels per day, with average oil prices at 1,014 kroner ($107.52) per barrel.
