Disagreement in OPEC Ranks

Rafael Correa, President to Ecuador, told reporters last week that his country is “tired of fighting with OPEC to decrease output and that Ecuador will continue to work as if the oil cartel “did not exist”. Ecuador, the smallest OPEC nation, and its neighbor Venezuela are among the countries hardest hit by low oil prices. Correa told reporters, "With a small cut in production, the price could rise a lot. Why don't they do it? I'm tired of insisting."