Ecuador OilMin: Ecuador oil output could fall by one-third amid protests

Energy Ministry of Ecuador, one of the OPEC’s oil producer, released a statement late-Tuesday, citing that its state-run oil company Petroamazonas estimates it could lose some 165,000 barrels-per-day (bpd), or one-third, of crude production due to “insecure conditions” in oilfields as anti-austerity protests convulse the Andean nation, per Reuters.