Free Trial
NATURAL GAS

TTF Steady after Ticking Higher all Week

SCHATZ

Block trade

BONDS

Extending gains across the board

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Ecuador's Oil Production Drops 45%

OIL

Ecuador’s oil production has been hammered by protestors across at least 10 oil fields, dropping production by 45% to 275,921 bpd on 22 June from 499,005 bpd on 12 June according to energy regulator ARC.

  • The protests have asked for the government to reduce already subsidized fuel prices and provide other benefits to farmers.
  • The fields impacted are both privately operated as well as state owned PetroEcuador fields.
  • The ministry of energy said yesterday that 918 wells had to be shut in Sucumbios, Napo Orellana and Pastaza, provinces in the Amazonian region, because protesters had occupied or sabotaged the fields.
100 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Ecuador’s oil production has been hammered by protestors across at least 10 oil fields, dropping production by 45% to 275,921 bpd on 22 June from 499,005 bpd on 12 June according to energy regulator ARC.

  • The protests have asked for the government to reduce already subsidized fuel prices and provide other benefits to farmers.
  • The fields impacted are both privately operated as well as state owned PetroEcuador fields.
  • The ministry of energy said yesterday that 918 wells had to be shut in Sucumbios, Napo Orellana and Pastaza, provinces in the Amazonian region, because protesters had occupied or sabotaged the fields.