Ecuador to reroute oil flows after pipeline shut

By Alonso Sota

QUITO (Reuters) - A landslide halted shipments on Ecuador's main oil export pipeline on Thursday, but the state oil firm said it would be able to reroute supplies by tapping a private pipeline to avoid defaulting on deliveries.

News of the disruption to an estimated 360,000 barrels per day (bpd) of supply briefly sent oil to a record high above $103 a barrel, but prices later gave up gains after Petroecuador quickly reversed its decision to declare force majeure on exports.