Ecuadorian Crude oil, with highest punishment for the last 4 years

The price of the Ecuadorian crude oil has received high punishments in past July and August. That punishment or differential is a discount the local crude oil is suffering relative to the price of the West Texas Intermediate (WTI). Thus, according to figures from the BCE (Central...
Posted On 08 Oct 2014
In 2016, 90% of the energy will come from hydroelectric projects

In 2016, 90% of the energy will come from hydroelectric projects

By 2016, 90% of the energy needed by the country, will come from hydroelectric projects, said Minister of electricity and renewable energy, Esteban Albornoz, in an accountability act held yesterday in Cuenca. He stressed that with the 8 hydroelectric megaprojects running in the...
Texas, among 15 of the world's largest oil producers.

Texas, among 15 of the world’s largest oil producers.

According to the energy management of information (EIA), United States will produce 9.3 million barrels per day by 2015. If so the country will become the main producer of oil in the world, beating Saudi Arabia and Russia, according to forecasts from the International Energy...