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Norway government budget in peril over oil, wealth fund's Israel investments

The minority Labour government seeks compromise on oil exploration and wealth fund divestment to avoid a confidence vote as the 2026 budget faces opposition from key left-wing parties.

Summary by Reuters
Norway's minority Labour government failed to win backing for its 2026 draft budget by an end-November deadline but talks will resume in parliament to find a compromise over oil drilling and the wealth fund's Israeli investments, a negotiator said on Monday.

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The Times of IsraelThe Times of Israel
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Norway government budget in peril over oil, wealth fund’s Israel investments

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·Jerusalem, Israel
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Nettavisen reveals: SV's latest Oil Fund demands STORTINGET (Nettavisen): SV was in a dramatic tug-of-war until the last moment over formulations surrounding the Oil Fund (SPU) in Saturday's budget negotiations. During the election campaign, SV issued an ultimatum to the Labor Party, demanding that the party not negotiate on the state budget unless the Oil Fund had divested itself of companies involved in Israel. Now Nettavisen can reveal that …

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Bloomberg broke the news in United States on Sunday, November 30, 2025.
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