Connect with us

Hi, what are you looking for?

Ecuador Political News

Ecuador’s Defection From The OPEC Deal Doesn’t Matter – OilPrice.com

Earlier this week, Ecuador’s Oil Minister Carlos Perez announced that the country would no longer abide by its commitment to the Vienna Accord. That’s the OPEC-Russia deal to cut oil production and boost prices. Now, pundits have been quick to misinterpret that as the first splintering of OPEC on its oil price regimen. Actually, it may indicate far less than meets the eye. Now, the Vienna Accord took effect in January. Despite some questions about the equation between production on the one hand and exports on the other that agreement had held. It initially supported higher prices. Read more>>

Earlier this week, Ecuador’s Oil Minister Carlos Perez announced that the country would no longer abide by its commitment to the Vienna Accord. That’s the OPEC-Russia deal to cut oil production and boost prices. Now, pundits have been quick to misinterpret that as the first splintering of OPEC on its oil price regimen. Actually, it may indicate far less than meets the eye. Now, the Vienna Accord took effect in January. Despite some questions about the equation between production on the one hand and exports on the other that agreement had held. It initially supported higher prices. Read more>>

Archives

TRENDING

You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

A dishonest campaign is underway to rehabilitate disbarred lawyer Steven...

News & Updates

Steven Donziger is the best example of how a handful...