Norway will increase its oil production to help control prices that soared after it and other oil producing nations reduced supplies, the Oil Ministry said Thursday. Norway will raise production by 100,000 barrels per day. The decision came after the Organization of Petroleum Exporting Countries promised earlier this week to increase its production by about 7 percent, or 1.7 million barrels a day. Even though Norway is not an OPEC member, it joined the group’s efforts to counter a world oil glut by restricting supply. That resulted in oil prices that nearly tripled in just over one year, which stung major importers like the United States. Norway’s announcement came a day after Mexico disclosed plans to increase its exports by 150,000 barrels a day starting Saturday.
