PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Apr.2025) — Ecuadorian crude oil exports continue to be a key driver of the national economy of the Andean country. In the 3-month period between Jan. 2025-Mar. 2025, EP Petroecuador held 11 international spot market tenders: 6 for Oriente oil and 5 […]
Tag: Oriente
Venezuela Producing 345,000 B/D: Oil Official Freites Says
(Energy Analytics Institute, 23.Sep.2020) — Crude oil production in Venezuela, home to arguably the world’s largest oil reserves, has fallen to around 345,000 barrels per day (b/d), according to comments from oil union official Ivan R. Freites. Venezuela’s production is down from around 3.3 million barrels per day (MMb/d) in […]
IMO 2020 May Slow Ecuador Loan Repayment
(Argus, 30.Dec.2019) — Possibly narrower differentials for sour crudes — under pressure from looming emissions regulations — could slow Ecuador’s repayment of its oil-backed debt and limit availability for spot market exports in the first half of 2020. Ecuador produces heavy sour Napo and medium sour Oriente crudes. It owes […]