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Ecuador: average Oriente crude oil price 2019-2020

In the first months of 2020, worldwide crude oil prices dropped dramatically, as demand decreased globally - a result of lockdown measures implemented in an attempt to limit the spread of the coronavirus pandemic. Oriente crude oil, from Ecuador, reached an average barrel price of less than 10.5 U.S. dollars in April 2020, a decrease of over 84 in comparison to the same month in 2019. Since then, prices have shown slow signs of recovery, reaching 39.31 dollars per barrel in August 2020.

Average monthly Oriente crude oil price (Ecuador) from January 2019 to August 2020

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Sources

Release date

September 2020

Region

Ecuador

Survey time period

January 2019 to August 2020

Special properties

*Until August 25, 2020

Supplementary notes

The source does not specify the release date. The publication date is the date of access.
Figures were calculated by Statista based on the average of daily prices reported by the source.

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