oil workers

An oil service workers' strike in Norway has cut production by 2.4 million barrels of oil equivalent, according to an industry group. The stoppage is hitting output from one of Europe's key energy suppliers, adding pressure to a market already sensitive to North Sea supply disruptions and raising questions about how long the labor dispute will last.

Almost 8% of workers in Norway's offshore oil industry are threatening to go on strike starting June 5. A walkout by this segment of the workforce could disrupt operations on the Norwegian continental shelf, a key source of European oil and gas supply. The threat comes as labor negotiations in the energy sector draw attention across the region, with employers and unions under pressure to reach agreement before the deadline.