June 18, 2018 / 7:04 PM / a month ago

Saudi, Russia seek 1.5 million bpd OPEC, non-OPEC production increase - Ecuador

VIENNA, June 18 (Reuters) - Ecuador’s oil minister said that a proposal to increase production from OPEC and non-OPEC countries by 1.5 million bpd is being put forward by Russia and Saudi Arabia.

Carlos Perez said upon his arrival in Vienna for the OPEC meeting that that was the only proposal he has seen being put on the table, and that the proposed increase would be from the quota that the members of the deal agreed on.

Reporting by Ahmad Ghaddar. Editing by Jane Merriman

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