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.
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Crude Oil Production in Ecuador increased to 546 BBL/D/1K in November from 467 BBL/D/1K in October of 2019. Crude Oil Production in Ecuador averaged 470.46 BBL/D/1K from 1994 until 2019, 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. This page provides the latest reported value for - Ecuador Crude Oil Production - plus previous
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Ecuador Breaks Ranks With OPEC and Increases Oil Output
An OPEC Country Breaks Ranks and Increases Oil Output. The International Energy Agency put compliance at 78 percent in June, a six-month low, as Iraq, the United Arab Emirates, Ecuador and Venezuela pumped more than agreed. Iraq produced 4.5 million barrels a day, meeting just 29 percent of its commitment.
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List of countries by oil production
This is a list of countries by oil production, as compiled from the U.S. Energy Information Administration database for calendar year 2019