{"id":692548,"date":"2026-10-25T12:40:00","date_gmt":"2026-10-25T12:40:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=692548"},"modified":"2026-10-25T12:40:00","modified_gmt":"2026-10-25T12:40:00","slug":"norways-2-3-trillion-oil-fund-loses-30-billion-in-third-quarter","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=692548","title":{"rendered":"Norway’s $2.3 Trillion Oil Fund Loses $30 Billion In Third Quarter"},"content":{"rendered":"

Norway’s $2.3 Trillion Oil Fund Loses $30 Billion In Third Quarter<\/span><\/p>\n

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Authored by Charles Kennedy via OilPrice<\/a>,<\/em><\/p>\n

The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter<\/strong> as higher interest rates and market turbulence hit both its fixed-term and equity investments.<\/p>\n

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Norway’s Government Pension Fund Global (GPFG)<\/strong>, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas revenues, is a shareholder in many large companies in the world<\/strong>, with more than half of the value of its equity investments in the U.S. market.<\/p>\n

The Norwegian fund was created in the 1990s with the aim of ensuring long-term management of revenue from Norway’s oil and gas resources. Today the wealth fund holds, on average, 1.5% of all listed companies in the world.<\/p>\n

Following a record-high profit of $185 billion<\/a> for the first half of 2026<\/strong>, boosted by Asian tech stocks, the sovereign wealth fund booked a negative -0.5% return for the third quarter, the fund’s manager, Norges Bank Investment Management (NBIM), said<\/a> on Thursday.<\/p>\n

The negative return is a loss of 278 billion Norwegian crowns, or $29.69 billion, in accounting terms, for the world’s single largest investor in Q3.<\/p>\n

“The fund’s return was close to flat, ending slightly negative as rising interest rates led to weaker results on our fixed-income investments,”<\/strong> said Trond Grande, Deputy CEO of Norges Bank Investment Management.<\/p>\n

“Equity returns were also close to zero, but there were large differences between sectors<\/strong>. Energy companies rose the most, while interest-rate-sensitive sectors such as utilities and real estate fell,” the executive added.<\/p>\n

As of September 30, 2026, the fund was valued at 22.014 trillion Norwegian crowns, or $2.35 trillion at today’s exchange rate. Of the total value, 72.1% was invested in equities, 25.8% in fixed income, 1.6% in unlisted real estate, and 0.5% in unlisted renewable energy infrastructure. Nvidia, Apple, and Microsoft are the most valuable investments of the Norwegian wealth fund.<\/p>\n<\/article>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 10\/25\/2026 – 08:40<\/span><\/p>","protected":false},"excerpt":{"rendered":"

Norway’s $2.3 Trillion Oil Fund Loses $30 Billion In Third Quarter Authored by Charles Kennedy via OilPrice, The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, booked a loss of $30 billion for the third quarter as higher interest rates and market turbulence hit both its fixed-term and equity investments. Norway’s Government… Continue reading Norway’s $2.3 Trillion Oil Fund Loses $30 Billion In Third Quarter<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22,13],"tags":[],"class_list":["post-692548","post","type-post","status-publish","format-standard","hentry","category-border-security","category-immigration","category-immigration-reform","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/692548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=692548"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/692548\/revisions"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=692548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=692548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=692548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}