Norway Oil Revenue Rises $18B

Norway projects 721.1 billion crowns ($78.7 bn) oil‑gas revenue in 2026, up from 557.4 bn crowns forecast.
Higher energy prices linked to the Iran war add roughly $18 bn, boosting state earnings and sovereign wealth fund contributions.
Norway produces about 4 million barrels of oil‑equivalent daily and holds a $2.2 trn sovereign wealth fund, the world’s largest.
The central bank lifted its policy rate by 25 bps to 4.25% to curb inflation from strong wages and high energy costs.