News and AnalysIs for

The global oil market is navigating a rare convergence of three simultaneous disruptions that are reshuffling physical flows, distorting benchmark pricing, and forcing a reassessment of energy security assumptions, according to Bloomberg Línea’s analysis published April 24.

Moody’s Ratings downgraded Ecopetrol’s global credit rating one notch from Ba1 to Ba2 on April 23, 2026, and simultaneously shifted the company’s outlook from stable to negative — the second credit action against the state oil company in less than a month, following a similar move by S&P roughly 20 days earlier.

Eni and Repsol have reached a new agreement with Venezuela to expand production at the Perla gas field in the Gulf of Venezuela — the largest gas discovery in Latin America — with an eye toward eventually exporting liquefied natural gas (LNG), though domestic supply requirements must be met first.

Colombia’s Ministry of Mines and Energy is developing a formal roadmap to cut methane emissions from the hydrocarbons and coal sectors, in partnership with the Latin American and Caribbean Energy Organization (OLACDE).

Last night, while watching the news on TV, my wife asked me if I supported fracking. Given that her interests are in other fields, I knew the debate has become mainstream.

Speaking at the Naturgas industry association congress in Cartagena, Energy Minister Edwin Palma used a wide-ranging address to defend the government’s record on gas supply, reaffirm its no-new-exploration pledge, and signal an upcoming bilateral energy meeting with Venezuela – while acknowledging that past infrastructure decisions have left Colombia dangerously exposed on gas imports.