The price per barrel is again below $ 40 More drilling platforms are currently operating in the US

Yesterday oil went backwards after data showing that drilling platforms increased in the US for the first time since December, renewing fears of an oversupply after a plan to halt the pumping that helped the market to reach its highest level of the year. Energy firms added a...
Posted On 19 Mar 2016
, By

The sectors with more dismissals

The sectors with more impact of layoffs and labor turnover in companies, are the construction (27.6%), oil (26.9%), automotive (21.2%), insurance (13.8% ) and pharmaceuticals (11.9%), according to a study by consultancy Deloitte, which used data of November 2015 to 128 national...

Ecuadorian light crude is traded in Houston

Today and tomorrow at the Westin Galleria in Houston, US, the manager of EP Petroecuador, Carlos Pareja Yannuzzelli, will meet with representatives of about thirty international companies and traders interested in selling light crude of 28 degrees API and low sulfur to Ecuador....

Oil price falls to $ 47.93

Oil closed yesterday in New York at less than $ 50 per barrel. A barrel of “light sweet crude” (WTI) for February delivery fell $ 2.11, ending at $ 47.93 on the New York Mercantile Exchange (Nymex), which is the lowest level since April 2009. “Concerns persist...

Social movements delivered an oil painting at the Pope Francis

‘Humanity’ is the name of the oil on canvas, representatives of social movements delivered to Pope Francis the occasion of the World Meeting of Popular Organizations, held from 27 to 29 of last month in Rome and the Vatican. The work was done by the painter, illustrator and...
Posted On 03 Nov 2014

The Texas oil price decreases to $ 80

The Texas oil price (WTI) dropped at $ 80.52 a barrel for the first time since June 2012, when depreciating today by 2.3% while Brent has contened more, falling at 1.7% to $84,7. At the close of the New York Stock Exchange, future contracts of the Texas Intermediate oil for its...
Posted On 23 Oct 2014

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

Block 43 will be explored and exploited by Petroamazonas

After the Coordinator Ministry of Strategic Sectors, Ministry of Non-Renewable Natural Resources, the Environment Ministry, and the Secretariat of Hydrocarbons, presented a report to the Biodiversity Committee of the Assembly, it was established that the block 43 of the Yasuni...