Norway Pitches Arctic Resources as Key to EU Energy Security
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Norway has intensified its charm offensive to persuade the European Union to drop its ban on Arctic drilling by campaigning that oil and gas resources in the High North would be better for the energy security of its closest ally than LNG supplies from the Middle East or the United States. Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has been lobbying the bloc this year to drop its opposition to drilling in the Arctic. The Iran war and the biggest oil and gas supply disruption in history have added…
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Financial market analysis indicating bearish sentiment based on current trends.
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