Nordsjøolje puts on Monday morning for 23,5 per barrel. It is the lowest level since 2003. Since the new year, oil prices fell by 65 per cent, writes Dagens Næringsliv.

For comparison, let the government assumed an oil price of 476 million when they put forward their budget for 2020. With the current dollar rate is around 45,3 per barrel, i.e. almost twice as much as the current price.

American light oil fell for a short period the night of Monday under 20 dollars the barrel, but Monday morning is the price to 20.5 per barrel.

This is a historic oljepriskollaps. We will see increased included closure, says former energy adviser Jason Bordoff in the Obama administration, and director of the Center on Global Energy Policy at Columbia University, to the Financial Times.