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Gasoline prices up more than 40% since 2022

Tuesday, May 5th, 2026

A CoP$400 increase in the pump price of gasoline effective May 2026 — combined with a CoP$121 rise in the CREG’s diesel reference price — has brought renewed attention to the cumulative fuel cost burden Colombians have absorbed since 2022.

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Petro claims lower fossil fuel exports are a good thing

Petro claims lower fossil fuel exports are a good thing

President Gustavo Petro used the closing ceremony of the Macrorrueda de las Américas 2026 — a trade fair that drew more than 1,500 businesspeople from 60 countries to Corferias in Bogotá — to claim that his government had achieved a structural transformation of Colombia’s export base, reducing the country’s trade deficit by one-third compared to the figure inherited in 2022.

Monday, May 4th, 2026
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Parex preliminary Q1 2026 results

Parex Resources published select preliminary first-quarter 2026 results on April 30, releasing the figures ahead of schedule to support “fair and transparent disclosure” to all parties in connection with a planned debt financing for its US$750 million acquisition of Frontera Energy’s Colombian exploration and production assets, announced on March 10.

Monday, May 4th, 2026
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SierraCol Q1 2026 operational update

SierraCol Energy posted first-quarter 2026 share before royalties production of 42.3 kboed, up 3% from the fourth quarter of 2025 and within the company’s full-year guidance range, driven by new development wells coming onstream at Caño Limón.

Monday, May 4th, 2026
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Petro and Rodríguez seal Colombia-Venezuela gas integration

Colombian President Gustavo Petro and Venezuelan acting president Delcy Rodríguez declared energy integration the cornerstone of a revived bilateral relationship following a summit at the Miraflores Palace in Caracas on April 24.

Monday, May 4th, 2026
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Looking increasingly like Cepeda

Looking increasingly like Cepeda

With the poll results from the end of April and with less than a month to the first round of the presidential elections in Colombia, it looks increasingly probable that Iván Cepeda, the candidate of the current administration’s political movement, will be the next president of Colombia.

Monday, May 4th, 2026
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Canacol seeks Court approval to cancel Colombian gas supply contracts

Canacol seeks Court approval to cancel Colombian gas supply contracts

Canacol Energy, Colombia’s second-largest natural gas producer, has petitioned the Court of King’s Bench of Alberta — the Canadian province where the company is domiciled — for authorization to cancel its active gas supply contracts with multiple Colombian companies.

Thursday, April 30th, 2026
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