Experts predict oil recovery for the second half of 2015

The world oil markets are mired in uncertainty at the abrupt collapse of the “petro prices.” Analysts agree that precipitation is due to a strong excess of supply over the weakened global demand. Too much oil and OPEC does not react, “said analyst Ehsan Ul-Haq...

In seven years Ecuador received $ 77,530 million from oil exports

Ecuador received $ 77,530 million from oil exports between 2007 and 2013, with an average oil price of $ 74.09, and with ranges that have reached maximum peaks of $ 117 and the lowest of $ 26.6 in March 2009. According to Jaime Carrera,Executive Secretary of the Fiscal Policy...

Oil barrel price descends to $ 63.05

The Texas oil price (WTI) fell a 4.24% yesterday, reaching $ 63.05 per barrel, the lowest level of the crude oil value in five years. A barrel of “light sweet crude” (WTI) for January delivery, fell USD 2.79, reaching USD 63.05 per barrel on the New York Mercantile...

Correa: Ecuador is ready for the fall of oil prices

President Rafael Correa said yesterday that his government is ready for the fall in the international price of oil, the main source of export of Ecuador. “We are prepared to face this situation,” the president told reporters in the Ecuadorian Amazon, where it comply...

Price of a barrel of oil presents a low since June 2014

The price of a barrel of oil has a sustained worldwide decline since last June. Ecuador, being an oil producing country, should take into account the development and analysis of the 2015 budget that the Ministry of Finance plans to submit to the Assembly on October 31. According...