Ecuador has temporarily shelved its idea to ask from OPEC later this month to be exempt from its share of the production cuts, because the cartel’s supply restrictions are successfully propping up oil prices, Ecuador’s Oil Minister Carlos Perez said on Thursday. “For now we are not going to submit the request. We’ll analyze along with OPEC’s members which alternatives they can offer. For sustaining prices, we have to support OPEC’s measures, which are so far succeeding,” Perez said in a press conference, as carried by Reuters . Ecuador started voicing its intentions to abandon the OPEC deal just six months into the production cuts, claiming that it needs the oil revenues to offset some of its fiscal burden. The country has pledged to cut 26,000 bpd as part of the deal, so its actual contribution to the cuts is not terribly significant, but its rebel position six months […]