Two years ago, western Europe’s biggest oil producing nation said no one should count on $100 crude coming back. Now Norway’s changed its tune. “It’s far from unlikely that we will see $100 again,” Petroleum and Energy Minister Terje Soviknes said in an interview in Oslo on Tuesday. Thanks to output cuts by OPEC and other producers such as Russia, crude has staged a spectacular recovery from a bruising slump that saw benchmark Brent fall as low as $27 a barrel in January 2016. OPEC and its allies recently concluded they had achieved their goal of re-balancing the market in April. Terje Soviknes Based on the cartel’s success, Saudi Arabia and Russia last week signaled a production boost later this year, leading crude to fall back to about $75 a barrel from $80. But that retreat is likely to be temporary, as the global market has yet to feel […]