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Iran
has been boosting output since Western sanctions were eased in
January. Tehran refused to join a previous attempt this year by
OPEC plus non-members such as Russia to stabilize production,
and talks collapsed in April.
But Reuters reported on Tuesday that sources in OPEC and the oil
industry said Iran is sending positive signals on taking joint
action, which could help revive a deal on freezing output levels
at talks next month.
"We have held conversations on strengthening our position in oil
markets," Iran's Foreign Minister Mohammad Javad Zarif said
through an interpreter after a meeting with Ecuador's President
Rafael Correa.
Zarif added that the two countries have agreed to continue talks
within the framework of OPEC, without providing further details.
Ecuador Foreign Minister Guillaume Long said they discussed
establishing a common position with regards to strengthening oil
prices.
Ecuador, OPEC's smallest member, has consistently supported
calls by ideological ally and oil price hawk Venezuela to boost
crude prices. Since the 2014 collapse in oil markets, the group
has remained more focused on retaining market share.
(Reporting by Alexandra Valencia, writing by Brian Ellsworth,
editing by Grant McCool)
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