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Norway
Stable
AI Analysis ยท Updated daily
Norway remains highly stable amidst the global energy crisis, with a very low risk score due to its status as a major oil and gas exporter. The nation has 0% oil import dependency and no Hormuz exposure, effectively insulating it from supply shocks. While gasoline prices are high at $1.95/L, the country is significantly benefiting from elevated crude prices, bolstering its economy. With 365 days of oil reserves, Norway's outlook is robust, continuing to profit from its energy export position.
$1.95
Gasoline /L
+25.8% vs pre-war
365d
Reserves
52 weeks
+3.2%
Food Inflation
Risk: none
N/A
Oil Imported
Hormuz: none
Fuel Prices
USD primary ยท NOK (kr) localPrices shown per litre. Local currency conversion uses live exchange rates.Last updated: May 2, 2026
Gasoline
$1.95/L
kr18.1/L
+25.8% vs pre-war
Diesel
$1.82/L
kr16.9/L
+28.2% vs pre-war
LPG / Autogas
$1.05/L
kr9.76/L
Jet Fuel (Jet A-1)
$1.35/L
kr12.5/L
Pre-war baseline (Feb 2026): Gasoline $1.55/L ยท Diesel $1.42/L ยท Current prices are 25.8% above pre-war levels
3-Month Price History
Pre-war baseline
Iran war starts (Feb 2026)
NOK ยท live ratesStrategic Reserves
Crude Oil Reserves
365days
52 weeks
12.2 months
Strong
Source: IEA/EIA0d30d60d90d180d365d
โ Jet Fuel Reserves (Jet A-1)
50days
7 weeks
1.7 months
Below average โ Under 2 months
Source: Estimated from strategic reserves0d30d60d90d180d365d
Energy Dependency Profile
Oil Import Dependency
N/A
of total oil consumption
Hormuz Exposure
None
Strait of Hormuz risk
Food Import Dependency
35%
of food supply imported
Fertilizer & Food Security
Fertilizer Cost Change
+15%
vs pre-war (Feb 2026)
Food Inflation (YoY)
+3.2%
year-on-year CPI food
Food Security Risk
None
FAO / WFP assessment
News: Norway
OKEA Back to Black but Dividends Remain On Hold
The Norwegian oil and gas producer reported $36 million in net income for Q1, a bounce-back from prior-quarter losses and an increase year-on-year due to higher sales volumes and realized oil prices.
Rigzoneยท22h ago
Norway oil firms seek mediation to avert labour strike that could hit output - Reuters
Norway oil firms seek mediation to avert labour strike that could hit output Reuters
Google Newsยท2d ago
Europe Is Desperate for More Energy. Can Norway Come to the Rescue? - The New York Times
Europe Is Desperate for More Energy. Can Norway Come to the Rescue? The New York Times
Google Newsยท17d ago
Norway mulls remote work as fuel reserves drop to just 20 days - TVP World
Norway mulls remote work as fuel reserves drop to just 20 days TVP World
Google Newsยท13d ago
Norwayโs oil exports jump 68% in March - Euronews.com
Norwayโs oil exports jump 68% in March Euronews.com
Google Newsยท17d ago
Norway can teach the UK about energy security โ but the lesson is not more North Sea drilling - Chatham House
Norway can teach the UK about energy security โ but the lesson is not more North Sea drilling Chatham House
Google Newsยท4d ago
United Kingdom, Norway, Spain, Brazil and the United States Unite for a 2026 Sustainable Aviation Fuel Tourism Coalition - Travel And Tour World
United Kingdom, Norway, Spain, Brazil and the United States Unite for a 2026 Sustainable Aviation Fuel Tourism Coalition Travel And Tour World
Google Newsยท3h ago
Norway Risks Leaving Billions of Barrels Behind as Time Runs Out - Crude Oil Prices Today | OilPrice.com
Norway Risks Leaving Billions of Barrels Behind as Time Runs Out Crude Oil Prices Today | OilPrice.com
Google Newsยท16d ago
Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway - Offshore Energy
Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway Offshore Energy
Google Newsยท2d ago
Norwegian player raises the stakes in prolific oil and gas area - Upstream Online
Norwegian player raises the stakes in prolific oil and gas area Upstream Online
Google Newsยท3d ago
Government Response
Last updated: April 2026
- Increased gas export volumes to EU partners under emergency agreements
- Windfall energy revenue fund expanded for domestic energy support
- EV charging infrastructure investment accelerated
โ๏ธ
Flight Disruption Risk
LowJet fuel price change+15% vs pre-war
+90 Day Outlook
Low
Peak Season (Jul/Aug)
Low
No inbound tankers detected
May indicate supply disruption
Crisis Summary
Risk LevelStable
Hormuz Exposurenone
CurrencyNOK (kr)
RegionEurope
Data SourcesIEA ยท EIA ยท FAO ยท WFP
Neighbours & Partners
View on Crisis Map
See global context
