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Writing on X on March 22, 2026, President Gustavo Petro outlined his government’s response to the prospect of oil prices climbing to US$180/barrel by May – a scenario flagged by Saudi Arabia – placing Ecopetrol at the center of a new fertilizer subsidy mechanism while firmly closing the door on gasoline subsidies.

With Colombia’s presidential election approaching, the country’s energy policy has emerged as one of the sharpest lines of division among the leading candidates — with the opposition right promising an immediate reversal of the Petro-era hydrocarbon moratorium and the ruling coalition’s candidate signaling continuity in an energy transition that keeps extractive sectors alive but conditions them on environmental and social limits.

Energy and Mines Minister Edwin Palma used his appearance at the Contraloría General de la República’s forum on energy supply and storage on March 18, 2026 to frame the energy transition not as a Petro-government initiative but as a multi-administration policy commitment that should survive electoral cycles.

Gran Tierra Energy (GTE) announced on March 17, 2026 that it has signed an agreement with Ecopetrol to earn a 49% working interest in the Tisquirama block in Colombia’s Middle Magdalena Valley, which contains the Tisquirama and San Roque fields directly adjacent to Gran Tierra’s largest producing asset, Acordionero.

President Gustavo Petro spoke publicly on Ecopetrol twice in March, offering a consistent reading of the company’s deteriorating financial performance and using both opportunities to reinforce his energy transition agenda.

Naturgas president Luz Stella Murgas used a March 18, 2026 interview with El Heraldo to preview the agenda and ambitions of the upcoming Naturgas Congress, to be held in Cartagena from April 15 to 17 — the association’s most prominent annual gathering.