Too early for OPEC increase decision, Ecuador Oilmin
02 Mar 2008 14:48:25 GMT Source: Reuters
(Adds details) QUITO, March 2 (Reuters) - Ecuador believes it is still too early for OPEC to decide on an output increase at its next meeting, Oil Minister Galo Chiriboga told Reuters on Sunday. Ecuador is a small producer, but has aligned itself to hawkish price policies of fellow member Venezuela. OPEC will meet on March 5 in Vienna to discuss policy. At its previous meeting, OPEC ministers resisted calls from consuming countries to raise output and ease prices. Worries over a possible U.S. recession are stoking fears about world demand for crude. (Reporting by Alonso Soto; writing by Patrick Markey in Bogota, editing by Maureen Bavdek)
Colombia's Defense Minister Juan Manuel Santos waves after a press conference at the defense ministry in Bogota March 1, 2008. Colombia's military said on Saturday troops had killed top rebel commander ...
