The price of crude oil dropped to 91,80 dollars

The price of crude oil dropped to 91,80 dollars

The barrel of “light sweet crude” (WTI) to be delivered in February fell 92 cents to 91,80 dollars on the New York Mercantile Exchange (Nymex), due to the rise of the global crude oil supply after the new advances in the dialogue on Iran’s nuclear program. In...

A new fall in the price of oil barrel is registered

As for the existence of a reduction in crude reserves, experts from the U.S. Department of Energy announced that the Texas oil have decreased 1.43% and closed on $ 92.33 per barrel, something that was not expected. This becomes the second official fall of 2014 because the...

Crude oil production in Ecuador increased

According to the audited data the oil production in Ecuador, in 2013  closed with an increase of 3.5%, compared to 2012, the best result registered by the present government in its seven years managing the country. In the period 2007-2009, oil production fell 9%, but a year later...
Minister Rivadeneira

Balance of payments is in deficit because of lower oil prices

The Minister of Foreign Trade, Francisco Rivadeneira said in an interview with the official journal El Ciudadano, that oil revenues may not cover the deficit forecast for 2013 in the balance of payments. This is due to a lower tendency of the Ecuadorian crude barrel in the...