Ecuador: Holding steady on Opec cuts
No plans for an uptick in investment and production in the immediate future
Ecuador, an Opec minnow, has held the line on production cuts so far, but is also implementing major market reforms in a bid to draw in new investment and eventually add oil output after years of stagnation. Ecuador's president Lenín Moreno came to office widely seen as a loyalist to leftist former president Rafael Correa who would stick with the state-led economic model. But Moreno has surprised with a recent turn towards a set of market-friendly reforms aimed at winning over international investment to help revive the country's economy. In the oil patch, the new oil minister Carlos Pérez, a former Halliburton executive, is pushing reforms on two important fronts. He hopes to eventually lif
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
