Ecuador's state oil company said it has resumed oil shipments via the SOTE pipeline

Resumptions on Ecuador's SOTE have historically followed interruptions tied to erosion and regressive scouring along the line's route, a recurring problem that has periodically forced shutdowns and, at times, declarations of force majeure on exports. The pipeline carries most of the country's crude output to the coast, so the relevant channels are export availability and the differentials on Oriente and Napo grades rather than outright global balances, given Ecuador's modest share of world supply. Past episodes of this kind have tended to resolve as production restart at affected fields and a re-clearing of deferred cargoes, with the spread impact unwinding as loading schedules normalise rather than at the moment of restart itself. Points worth watching are whether shipments resume at full capacity or under reduced throughput, any accompanying statement on field restarts from the operator, and confirmation that scheduled tenders and liftings go ahead. Given the country's history of repeat interruptions on the same line, the durability of the fix matters more than the restart headline. As a single-operating-asset story, the read is operational rather than macro.