Ecuador News
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Updated 10 minutes ago
Manuel Pellegrini will leave Malaga at the end of the season, the Spanish soccer club said, freeing him up for the vacant manager’s post at Manchester City.
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Ecopetrol SA subsidiary Cenit plans to boost the capacity of Colombia’s oil storage facilities and reinforce sections of pipeline to counter rebel attacks, Cenit President Camilo Marulanda said in an interview today in Bogota.
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Canacol Energy Ltd., a Calgary-based oil company that operates in Colombia, gained the most in three weeks after saying two new wells began operating this month, representing about 20 percent of output.
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West Texas Intermediate crude headed for the first weekly decline in a month after U.S. consumption of gasoline and distillate fuels dropped.
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The Organization of Petroleum Exporting Countries will increase crude exports this month to meet rising demand from Asian refiners, tanker tracker Oil Movements said.
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Central banks should be careful what they say about the future if they want flexibility to set monetary policy.
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Chevron Corp., the second-biggest U.S. oil company, said it’s preparing an investment that will help make the country energy independent by developing what could be the world’s second-largest shale oil reservoir.
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Baker Botts LLP announced three lateral hires last week including international tax lawyer Don J. Lonczak and capital markets lawyer Bonnie A. Barsamian.
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OPEC’s spare crude oil production capacity will surge 25 percent in the next two years as rising U.S. shale output crimps demand for the group’s supplies, the International Energy Agency said.
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Across the river from Belinda Elida Barja’s two-room apartment, the lead and zinc smelters of Doe Run Peru spread smoke and dust in the mountain town of La Oroya.
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