• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 2 hours Despite pressure about Khashoggi's Murder: Saudi Arabia Reassures On Oil Supply, Says Will Meet Demand
  • 36 mins Dyson Will Build Its Electric Cars in Singapore
  • 25 mins China Opens Longest Mega-Bridge Linking Hong Kong to Mainland
  • 13 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 17 hours Iraq war and Possible Lies
  • 3 hours Can “Renewables” Dent the World’s need for Electricity?
  • 3 hours Satellite Moons to Replace Streetlamps?!
  • 6 mins The Balkans Are Coming Apart at the Seams Again
  • 13 hours Get on Those Bicycles to Save the World
  • 14 hours EU to Splash Billions on Battery Factories
  • 3 hours Aramco to Become Major Player in LNG?
  • 1 hour How Long Until We Have Working Nuclear Fusion Reactor?
  • 4 hours Why I Think Natural Gas is the Logical Future of Energy
Oilfield Service Companies Bet On Full Recovery

Oilfield Service Companies Bet On Full Recovery

The return of the drilling…

The Oil Keeps Flowing: Iran Evades U.S. Sanctions

The Oil Keeps Flowing: Iran Evades U.S. Sanctions

While President Trump’s stated aim…

Ecuador Moves Mexico, Colombia Towards Output Freeze

Ecuadorean Oil Minister Carlos Pareja told reporters on Monday that he will travel to Colombia and Mexico in the coming week to discuss a proposed meeting between Latin American oil producers in an effort to unify the region in supporting a freeze in oil output as a means of boosting prices, Reuters reported. The meeting had been originally scheduled for the beginning of March, but was postponed due to scheduling conflicts. Pareja said Ecuador’s government was hoping to hold the regional meeting in Quito before OPEC and non-OPEC producers attend their meeting in Doha next month. “Ecuador and Venezuela have already agreed on an output freeze, and if we can reach an understanding with Colombia and Mexico, we could then organize an energy and foreign affairs ministers meeting in Quito on April 8,” Pareja said, Argus reported.

The meeting would be the first significant public event that would include non-OPEC members Colombia and Mexico in regional efforts to control oil prices. Ecuador and Venezuela have been pushing for the OPEC and non-OPEC meeting for months as the plunge in oil prices continues to pummel their economies. Venezuela’s Energy Ministry had no immediate comment on Ecuador’s initiative.

By The Dialogue

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News