LatAmNRG Briefs: Ecuador’s Super Gasoline, Ecuador Budget Oil Price

(Energy Analytics Institute, Ian Silverman, 1.Jan.2019) — Heard on the street and LatAmNRG briefs on fluctuating prices for super gasoline in Ecuador; and Ecuador’s government favoring $50.05 per barrel oil price to budget for subsidies.

Super Gasoline At $2.98/Gallon In Guayaquil

Source: El Comercio

(Energy Analytics Institute, Ian Silverman, 1.Jan.2018) — Prices of super gasoline at the Guayaquil service stations continue to vary. The Primax chain was selling it for $2.98 per gallon on Jan. 1, 2019 while at other stations it has been seen at $2.90 per gallon and $3.10 per gallon, reported online media El Comercio.

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Ecuador To Use $50.05/bbl Oil Price To Calculate Subsidies

(Energy Analytics Institute, Ian Silverman, 1.Jan.2019) — Ecuador will reportedly use a budgeted oil price of $50.05 per barrel to calculate subsidies in 2019, reported online media El Comercio. This compares to a pro-forma price of $58.29 per barrel previously announced.

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© Energy Analytics Institute (EAI)

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