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Ecuadorian Oil Is Back Online | OilPrice.com
The scale of the protests forced state oil companies to shut down production at 20 fields and suspends exports, with Ecuador losing a total 1.5 million barrels of oil production over the two weeks
Can Lenin Solve Ecuador's Oil Crisis? | OilPrice.com
With oil production breakeven figures averaging 39 USD per barrel across the country, Ecuador has managed to put an end to the loss-making cycle of 2015-2016. The two main Ecuadorian grades, the lighter Oriente (25°C API) and the heavier Napo (19°C API) are currently trading at 49-50 and 40-41 USD per barrel,...
Oil Prices Inch Lower On Crude Inventory Build | OilPrice.com
Oil prices fell back a bit on Wednesday morning after the EIA contradicted the API, reporting a moderate build in crude oil inventories Oil Prices Inch Lower On Crude Inventory Build By Irina
The Oil Sector in Ecuador - Living in Ecuador
The oil sector in Ecuador, accounts for about 50 percent of the country’s export earnings and about one-third of all tax revenues. If that doesn’t get your attention as to the fact that “oil is king” in Ecuador, little else will. Ecuador produces approximately 500,000 barrels of crude oil per day (bbl/d), most of which is exported.
Ecuador Gutted By Low Oil Prices: Rig Count Down To One
Ecuador Gutted By Low Oil Prices: Rig Count Down To One. In 2015, at an average price of $50 per barrel, the situation is catastrophic. The country expects to make $9.942 billion from oil exports and derivatives, but production and import costs of $10.145 billion leave a shortfall of $226 million.
Ecuador Crude Oil Production - TRADING ECONOMICS
Crude Oil Production in Ecuador increased to 517 BBL/D/1K in June from 516 BBL/D/1K in May of 2018. Crude Oil Production in Ecuador averaged 467.21 BBL/D/1K from 1994 until 2018, reaching an all time high of 563 BBL/D/1K in November of 2014 and a record low of 329 BBL/D/1K in July of 1998. Historical. Data. API. Poll. Forecast. Alerts.
OPEC : Ecuador
GDP at market prices (million $) 103,700: Value of exports (million $) 24,359: Value of petroleum exports (million $) 9,832: Current account balance (million $)-725: Proven crude oil reserves (million barrels) 8,273: Proven natural gas reserves (billion cu. m.) 11: Crude oil production (1,000 b/d) 517.2: Marketed production of natural gas (million cu. m.) 349.0
Why Oil Prices Could Still Go Lower | OilPrice.com
Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the next few months. The panic