Data published by the Latin American and Caribbean Energy Organization (OLACDE) shows that by 2025, the Latin America and Caribbean region will contribute approximately 11 % of the world's oil supply and nearly 6 % of its natural gas supply.
The report “Panorama 2025: Oil and Natural Gas Production…
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ecuador
Fuel shortage hits Ecuador consumers
Ecuador is currently suffering the consequences of the gasoline price increase that went into effect on Tuesday, May 12, leading to fuel shortages and long lines at service stations.
The shortage of premium gasoline and diesel is critic, a…
Ecuador to reduce tariffs on Colombian products starting June 1
The Ecuadorian Presidency issued a press release announcing the reduction of tariffs on Colombian products to 75% starting June 1.
The decision was made despite differences between President Daniel Noboa and his Colombian counterpart,…
IMF approves $394 million disbursement for Ecuador
Ecuador will receive a disbursement from the International Monetary Fund, for $394 million, as part of the program in effect since 2024, which totals $5 billion.
The new aid package was approved by the multilateral organization after the…
Ecuador under IMF evaluation for possible loan
Ecuador will be evaluated this month, for the fifth time, by the International Monetary Fund (IMF) technical team to determine the allocation of a new disbursement of $400 million, according to the Extended Fund Facility schedule.
If the…
Ecuador’s government expects to increase oil production by 2,411 barrels per day
Ecuador's oil production could increase by 2,411 barrels per day between the end of April and the beginning of May of this year, according to the government, after reaching 459,743.34 barrels per day last Sunday.
Of this figure, 363,789.35…
Remittances in cryptocurrencies from Venezuela to other countries increase
During 2025, remittances from Venezuela to countries such as Colombia, Peru, and Ecuador have increased, particularly in USDT, according to a recent statement by Richard Ujueta, president of the Venezuelan Chamber of Electronic Commerce…
Ecuador to require temporary Visas for Venezuelans and citizens of 39 other countries
Ecuador implemented, starting this Monday, September 1, a new immigration control and security requirement for temporary visa applications for Venezuelans and citizens of 39 other countries.
This was announced by the country's Ministry of…
Ecuador maintains the lowest inflation rate in Latin America
In Latin America, Ecuador maintains the lowest inflation rate in the region. During the month of July, annual inflation stood at 0.72 %, which, according to the National Institute of Statistics and Censuses (INEC), represents a slowdown…
Ecuadorian cocoa is positioned above Ghana and the Ivory Coast in the market
In Ecuador, cocoa producers are considered the new rich of the agricultural sector given the shift in their position in the global market, displacing leaders such as Ghana and the Ivory Coast, where crops are affected by pests and drought.…
Results of negotiations between Ecuador and the US on tariffs will be revealed on July 1
Ecuador and the United States will hold the third round of negotiations on the 10 % tariff on Ecuador's exports on June 28. According to Ecuadorian Vice Minister of Foreign Trade, Andrés Robalino, the results will be announced on July 1.…
Ecuador has detected $600 million in money laundering in 2025
The director of Ecuador's Financial and Economic Analysis Unit (UAFE), José Neira, stated this Wednesday that the agency has detected approximately $600 million in alleged money laundering cases so far this year.
According to Neira, "these…