Oil
Norway’s $2.3 Trillion Oil Fund Loses $30 Billion in Third Quarter
CEII brief
OilPrice.com reported on 22 Oct 2026: Norway’s $2.3 Trillion Oil Fund Loses $30 Billion in Third Quarter.
Read the full story on OilPrice.comThe world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter as higher interest rates and market turbulence hit both its fixed-term and equity investments.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
62.1% of Norway’s merchandise exports were fuels in 2025Countries in this story
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