🇳🇴 Norway — Weekly Briefs

Norway Faces Investor Pressure on Arctic Energy Expansion

Pension funds managing over $1.14 trillion urged the EU to block new Arctic oil and gas projects on July 1, while Norway intensified lobbying to open the Barents Sea. Unemployment edged lower to a five-month low of 4.4 percent in May data released late June. The Norges Bank held its policy rate at 4.25 percent earlier in June amid ongoing inflation concerns. Equity markets showed modest fluctuations with the Oslo Børs All-Share near 2,215 early in the week.