Offshore operators in Norway expect oil and gas spending to decline this year from 2025’s peak as major field development projects near completion, according to a new survey from Statistics Norway. The projected pullback follows a record 2024 investment level of $28.8 billion, raising questions about future activity levels and potential implications for regional gas supply and prices, including for Natural Gas.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Over the past month, Natural Gas has gained about 9.57%, reflecting tighter market expectations and sensitivity to European supply signals such as changes in Norwegian investment plans. Despite the recent advance, the 1-day technical indicator for natural gas points to a cautious stance, with a prevailing Sell signal that may suggest near-term consolidation or downside risk.
Investors can explore more updates, prices, and analysis across global markets at Commodities.