Lower industry prices, an improved global economic outlook and higher oil prices suggest a period of decline in petroleum investments is over, Norway said. Norway holds the largest crude oil and natural gas reserves in Europe and exports nearly all of what it produces offshore. The decline in crude oil prices last year put pressure on the economy, though the government said Thursday the downturn appeared to be over. “The oil price has been rising by degrees from the end of 2016, when it dipped below $30 per barrel, to the current level of over $60 per barrel,” a government report for the fourth quarter read. “Coupled with an improved global outlook and lower investment prices, this augurs well for increased […]