Norway's crude production rose to 1.85 million bpd in December, up from 1.81 million bpd the previous month and beating analysts' forecasts of 1.81 million bpd, according to the Norwegian Offshore Directorate. Halliburton's total revenue for the fourth quarter of 2023 was $5.7 billion, flat when compared to the third quarter of 2023. Operating income was $1.1 billion in the fourth quarter of 2023, a 2% increase when compared to the third quarter of 2023. Expected fourth quarter finished product yield of 65%-67%, in line with previously forecasted range of 64%-68%. Average fourth quarter crack spreads on finished refined products declined 40% vs. third quarter average levels.

Source: Libya Today January 23, 2024 14:32 UTC