Conservative candidate Guillermo Lasso, 65, won the presidential election in South American oil producer Ecuador, and said he would propose new oil deals to private oil companies. Lasso won the Continue Reading
Ecuador’s beaten-down petroleum industry has been struggling to recover from a savage 2020 where pipeline failures, the COVID-19 pandemic, corruption scandals , and heightened political uncertainty sharply impacted operations. There Continue Reading
Over the last decade it has been a wild ride for Ecuador’s trouble-plagued but economically crucial oil industry. Former president Rafael Correa’s heavy-handed policies, centered around oil nationalism and greater Continue Reading
The trials and tribulations for Ecuador’s deeply embattled petroleum industry continue. If crumbling infrastructure, refinery outages and pipeline ruptures were not enough, the Andean country’s state-controlled PetroEcuador finds itself embroiled Continue Reading
The tiny impoverished Latin American country of Ecuador continues to struggle with its legacy of resource nationalism. Even a push by the current administration of President Lenin Moreno to implement Continue Reading
European banks committed to backing action on climate change face allegations of double standards from indigenous groups in Ecuador after a report named them as major players in the trade Continue Reading
Ecuador may reconsider leaving OPEC, but a decision may not be made by the oil producers’ organization’s meeting this week in Vienna, sources familiar with the deliberations told S&P Global Continue Reading
Every day, $3 million worth of fuel is smuggled into Colombia from various neighbors who can’t seem to keep their borders under control. Even worse, this is the gas that Continue Reading
Ecuador has restarted crude oil exports after massive protests caused the country’s oil industry to more or less grind to a halt. “All exports that were suspended will be rescheduled Continue Reading
Ecuador’s state-run oil company, declared on Wednesday a force majeure on all oil trading operations, according to an evening Tweet by Petroecuador, citing mass protests that have disrupted the country’s Continue Reading
