A super typhoon steadily battered a pair of remote U.S. islands in the Pacific Ocean with ferocious winds and relentless rains, shredding tin roofs and forcing residents to take cover. (Image credit: AP)
A super typhoon steadily battered a pair of remote U.S. islands in the Pacific Ocean with ferocious winds and relentless rains, shredding tin roofs and forcing residents to take cover. (Image credit: AP)
Norway ’s crude exports surged to a record by value last month due to the outbreak of the war in the Middle East, helping to raise the country’s trade surplus to the highest level in more than three years. The value of crude oil exports jumped 68% in March from a year earlier to 57.4 billion kroner ($6.1 billion), on foreign sales of 56.6 million barrels, Statistics Norway said in a statement Wedn...
Norway ’s crude exports surged to a record by value last month due to the outbreak of the war in the Middle East, helping to raise the country’s trade surplus to the highest level in more than three years. The value of crude oil exports jumped 68% in March from a year earlier to 57.4 billion kroner ($6.1 billion), on foreign sales of 56.6 million barrels, Statistics Norway said in a statement Wednesday. “The closure of the Strait of Hormuz has caused a significant supply shock in the oil market, which contributed to the high oil prices in March, and thus the highest export value ever,” said Jan Olav Rorhus, a senior adviser with the statistics agency. The largest energy exporter in western Europe was also helped by natural gas prices climbing as the Iran war hit supplies. The combined oil and gas revenue gain lifted Norway’s trade surplus to 97.5 billion kroner, its highest since January 2023, while both exports and the surplus still remain clearly below their peaks in 2022 over Russia’s full-scale war against Ukraine. The data comes as US President Donald Trump on Tuesday said in a post on his Truth Social platform that “Europe is desperate for Energy” and “Norway sells its North Sea Oil to the U.K. at double the price. They are making a fortune.” Norway’s Finance Minister Jens Stoltenberg , a former chief of the NATO defense alliance, last month rejected claims that his country is profiting from the war in the Middle East. The conflict’s impact on equity markets is more important for the Norwegians via their $2.2 trillion sovereign wealth fund than the lift to energy prices, he argued.
Ari Hodara bought his ticket at the weekend after finding out about the raffle by chance while dining out A Parisian art enthusiast could not believe his luck when he found out on Tuesday he had won a Pablo Picasso painting worth more than €1m with a €100 raffle ticket. “How do I check that it’s not a hoax?” said Ari Hodara, 58, after organisers called him following the draw at Christie’s auction ...
Ari Hodara bought his ticket at the weekend after finding out about the raffle by chance while dining out A Parisian art enthusiast could not believe his luck when he found out on Tuesday he had won a Pablo Picasso painting worth more than €1m with a €100 raffle ticket. “How do I check that it’s not a hoax?” said Ari Hodara, 58, after organisers called him following the draw at Christie’s auction house in the French capital. Continue reading...