50.24$US/1 Barrel
54.20$US/1 Barrel
49.60$US/1 Barrel
65.43$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
65.06$US/1 Barrel
65.01$US/1 Barrel
64.61$US/1 Barrel
46.12$US/1 Barrel
51.25$US/1 Barrel
55.28$US/1 Barrel
56.25$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
47.25$US/1 Barrel
52.25$US/1 Barrel
53.75$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
452.25$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
761.00$US/MT
SEATTLE (Oil Monster): According to authorities, Ecuador’s state-owned oil firm declared an emergency and cut exports over a damaged pipeline, which led to oil spill that polluted several rivers.
A landslide in the country's northwest caused a large pipeline to burst, according to Petroecuador. Tens of thousands of barrels of oil leaked into at least five rivers, including the Esmeraldas River, as a result of this catastrophe. Additionally, the business suspended Orient crude exports from the South American nation by declaring a force-majeure emergency.
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The force majeure clause has been used to protect the business from fines and possible client contract violations.
Although Petroecuador has not measured the volume of oil spilled, it is anticipated to be over 200,000 barrels. Potable water has been shut off to the whole region's population, who rely on rivers to meet their water demands. Over half a million individuals have been impacted in one way or another by the oil disaster.
Three ships will transport drinking water to Esmeraldas, according to the business. Additionally, it has been deploying tanker trucks to gather as much of the leaked petroleum as possible from the area. Following the spill incident, the province has declared an environmental emergency.