Norway Avoids Oil Worker Strike With New Wage Deal ...Middle East

Two labor unions and the Norwegian oil industry sealed a new wage deal that would ensure no strikes take place, affecting oil and gas output this year. The talks are a regular occurrence in Norway and sometimes end with strikes if the companies refuse to give the unions what they want, which is usually higher wages for oil workers. Five years ago, the failure of the talks resulted in a strike that led to a 300,000-bpd drop in Norway’s oil production before the two sides finally reached a deal. Three years ago a strike began again after the…

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