Ecuador OilMin: Partners unlikely to agree to supply increase of 1 million bpd

Ecuador oil minister recently crossed the wires saying that OPEC producers were unlikely to agree to a supply increase of 1 million barrels per day and added that the output increase was more likely to be around 600,000 barrels, as reported by Reuters.

According to the minister, OPEC meeting will be tough as Iran wants to bring political issues into the discussion.