Ecuador's state-owned oil company Petroecuador declared force majeure across exploration, production, and transportation operations amid escalating protests against the government. This means that exports of oil from the Andean country will be halted, as protesters entered oil fields, Reuters reported, citing a statement by Petroecuador.
The protests by indigenous peoples in Ecuador against the economic policies of the government of Guillermo Lasso, which have recently included fuel price hikes, prompted the president to declare a state of emergency…Here's Why Global Oil Demand Slumped This Spring
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