The Andean nation is attempting to increase crude production to raise more income and has on multiple occasions broken its output quota fixed by OPEC.
Ecuador produces about 545 000 barrels per day| of crude, but is struggling with tight liquidity because of a wide fiscal deficit and hefty foreign debt. OPEC, Russia and other producers have since January 1 implemented a deal to cut output by 1.2 million bpd. The alliance, known as OPEC+, in July renewed the pact until March 2020.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SABC tables its annual report - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%The South African Broadcasting Corporation ( SABC) says its confident that the implementation of its turnaround plan will ensure financial stability at the corporation.%
Source: SABC News Online - 🏆 32. / 51 Read more »
Ramaphosa launches Anti-Corruption Forum - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Cyril Ramaphosa is expected to launch the Health Sector Anti-Corruption Forum (HSACF) at the Union Buildings in Pretoria on Tuesday.
Source: SABC News Online - 🏆 32. / 51 Read more »
Ten Yeoville churches shut down - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Johannesburg Metro Police officers raided about twenty churches in Yeoville following numerous complaints of extremely loud music, overcrowding of pavements and obstruction to the roads.
Source: SABC News Online - 🏆 32. / 51 Read more »
DA launches rural safety plan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.DA launches rural safety plan The Democratic Alliance (DA) has launched a rural safety plan, involving reservists and drone technology, to make rural areas safer.
Source: SABC News Online - 🏆 32. / 51 Read more »