oil workers

A strike by oil service workers in Norway has cut production by 2.4 million barrels of oil equivalent, according to an industry group. The stoppage is reducing output from one of Europe's largest energy producers, and attention is focused on how long the labour dispute will last and what it means for European energy supplies.

Around 8% of workers in Norway's oil industry are threatening to go on strike starting June 5, a move that could disrupt production on the Norwegian continental shelf, a major supplier of oil and gas to Europe. The threat comes amid ongoing wage negotiations in the offshore petroleum sector, with unions and employers working to avoid industrial action during the summer season.