Sun, Jun 26, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Market

World’s Biggest Wealth Fund Has Peaked as Oil Sinks, Norway Says

Posted on 13 February 2015

The world’s largest sovereign wealth fund has reached its peak amid a collapse in oil prices, according to the governor of Norway’s central bank. The development means western Europe’s biggest crude producer needs to get used to lower revenue from its petroleum industry, Governor Oeystein Olsen said in the text of a speech delivered in Oslo on Thursday.
“At an oil price of around $60 per barrel, transfers to” the wealth fund “may come to a halt,” he said. As head of the central bank, Olsen oversees Norway’s $860 billion Government Pension Fund Global………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
June 2022
M T W T F S S
« Nov    
 12345
6789101112
13141516171819
20212223242526
27282930