A Norwegian oil and gas industry group said Tuesday that a strike by oil and gas workers, which has already closed three fields, could cut Norway's gas exports
ANKARA - Oil prices were mixed on Tuesday on low supply fears due to a strike in Norway's oil and gas sector while the outlook of a global economic recession continues to fan weak demand woes. International benchmark Brent crude was trading at $113.04 per barrel at 0705 GMT for a 0.40 percent decrease after the previous session closed at $113.50 a barrel. American benchmark West Texas Intermediate (WTI) was at $109.72 per barrel at the same time for a 1.19 percent gain after the previous session closed at $108.43 a barrel. Prices gained support after Norway's oil and gas sector workers on Tuesday began a strike that is set to have a substantial impact on gas exports, with anticipated losses of about 13 percent of the country's daily gas exports, according to the Norwegian Oil and Gas Association (NOG). Operations shut down at Equinor's Gudrun, Oseberg South and Oseberg East offshore platforms as a result of the stoppage. The strike will continue on Wednesday at the Heid