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Ecuador receives between 4.30 and 8.79 less for its crude oil

Posted On 15 Sep 2015

 

Image: Expreso

Image: Expreso

With a value of $ 42.33, a barrel of Ecuadorian oil stood back with a difference of $ 8.84 compared to the international marker: the West Texas Intermediate (WTI), which is traded every day on the Stock Exchange in New York, which at that month had an average value of $ 51.17. The quality level of this oil is determined by its 25.38 degrees API (gravity indicators).

The Napo, as the 20.66 API degrees oil is know, which is produced in Ecuador, was valued at $ 39.59, ie a difference of $ 11.57 with the WTI benchmark.

On average, Ecuador received from January to July Ecuador for the Oriente oil a price of $ 48.63. And for the Napo, $ 44.14. In that same period WTI was traded at $ 52.93.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8392511&idcat=38269&tipo=2

 

 

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