Norway Oil Service Lockout Disrupts Offshore Drilling Operations
π’οΈ NORTH SEA β Norway's lockout hits supply when Hormuz can't fill the gap. π LOOK CLOSER: Norwegian offshore disruption removes Europe's primary domestic buffer exactly when Hormuz sits below 40 daily transits and diesel margins are already firm. Continental refiners face constrained supply from two directions. Gas markets are the sharper edge: Norway feeds German and UK baseload directly. Spot prices reprice before the lockout ends.