Punishment of Ecuadorian oil fell this month

The price of Ecuadorian crude reached $ 39.6 in mid-January, according to the National Information System (SNI for its Spanish acronym). The figure is based on theoretical prices published by the public company Petroecuador EP. The value is $ 40.1 less per barrel than expected by...

International Oil closed at $ 54.12 in late 2014

The WTI Crude, reference to  the Ecuadorian crude, closed at a price of $ 54.12 in December 30 of 2014, said the international news agency Efe. The figure shows a recovery from the losses that had been accumulating in recent months. The numbers reflect an increase of 0.95%....

Ecuador’s oil is trading at $ 59

Following the decisionof the Organization ofPetroleum Exporting Countries(OPEC) of not tocut production,oil pricesyesterdaycontinued their downward trend, reachingminimum levelsin five years. A barrel of West Texas Intermediate crude (WTI), which serves as a reference for the...

The OPEC will meet this week

The Organization of Petroleum Exporting Countries (OPEC) will held this week in Vienna the second regular session of 2014, after the biggest drop in prices since 2008. The group comprised by 12 producing countries, being Ecuador part of it, faces from the middle of 2014 an almost...