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
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
