Ecuador Rules out OPEC Return
Ecuador has dismissed the possibility of returning to the Organization of Petroleum Exporting Countries (OPEC), as the re-entry would bring more damages than benefits, Presidency spokesman Enrique Proaño has said.

Proaño noted his country will not re-enter OPEC because it is "a body where all its members are strong producers, which would force Ecuador to cut its small production quota."

The possibility that Ecuador joins again was analyzed after Venezuelan President Hugo Chavez made the suggestion during his brief visit to Quito in May 30.