WTI oil price closes up 4% reaching to $ 45.72

Texas Oil (WTI) benchmark in the US, closed yesterday with a rise of 4% and ended with a price of $ 45.72, on a rebound from the low levels recorded in recent months. At the close of trading session loudly on the New York Mercantile Exchange, WTI futures contracts for April...

The price of oil goes up closing at $ 51.53 per barrel

The price of West Texas Intermediate oil (WTI), which serves as a benchmark for Ecuador, rose 2% yesterday, ending at $ 51.53 a barrel. The Department of Energy of the United Sates announced an increase in crude stocks of 10.3 million barrels. Thus, inventories again exceeded the...

Texas Oil rises and reaches $ 50.48

The price of West Texas intermediate (WTI) oil, benchmark in the market of America, closed yesterday with a rise of 4.19%, finishing at $ 50.48 a barrel. On Wednesday, the price of WTI lost 8.67%.  The price per barrel of WTI closed last year at $ 53.27, the lowest of the year,...

Ecuadorian oil price falls at $ 41.70

The fall in oil prices in the international markets is reflected in sales of Ecuadorian crude. The West Texas Intermediate (WTI), which serves as a reference for Ecuador, has suffered a collapse of more than 60% since last June, which impacts in the public finances. According to...

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...

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...

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

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...