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Ecuador Seeks US Help Fighting $30-Billion Cocaine Trade

Ecuador is asking the US "every day" for more help fighting a cocaine trade President Daniel Noboa estimates is worth $30 billion a year. In an interview with Bloomberg Television's Francine Lacqua in New York on Sept. 21, Noboa said Ecuador is "going after the big fish" and needs help from the US and Europe. He says about 1,200 tons of cocaine move through Ecuador each year, with roughly 80% destined for the US and Europe. But Noboa says Ecuador will remain in charge of all operations, saying the country would "never give a blank check to any country."

Read more: Ecuador Seeks US Help Fighting $30-Billion Cocaine Trade
Bloomberg
Financial

Oil Analyst Sankey Sees 'Very Elevated' Market Through End of 2027

Paul Sankey, president at Sankey Research, warns of oil market risk from tightness in US refining capacity as diesel reaches new record highs. Sankey discusses the effects of a potential US diesel export ban and the lingering impacts he sees for the global oil market through the end of this year and into 2027. He speaks on "Bloomberg Surveillance."

Read more: Oil Analyst Sankey Sees 'Very Elevated' Market Through End of 2027