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
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
