Ecuador's state-owned oil company has announced the launch of a hedging program designed to protect its crude export earnings from potential price declines, according to a company statement.
Acting General Manager Sebastián Mage stated, "The hedging plan covers more than 30 million barrels of crude oil, representing approximately 40% to 50% of the total volume available for sale through December 2026."
The initiative aims to help stabilize fiscal revenue, boost import and export activities, and "engage with financial markets using more sophisticated instruments."
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