Thursday, July 17th, 2025
Despite falling international fuel prices and a stronger exchange rate, Colombian consumers are currently paying significantly more for gasoline, up to CoP$2,000 above global reference prices, while indirectly subsidizing diesel.
Despite a recent recovery in global oil prices, Ecopetrol’s (NYSE: EC) share price continues its downward trend, weighed down by investor concerns over government policy decisions and corporate governance at Colombia’s largest company.
Frontera Energy Corporation (TSX: FEC) announced the successful completion of its substantial issuer bid, through which the company repurchased 7,583,333 of its outstanding common shares at a price of US$12.00 per share.
Ecopetrol (NYSE: EC) successfully completed its first direct export operation of light liquid paraffin from the Barrancabermeja refinery, marking a significant step in the company’s strategy to expand its petrochemical product reach across Latin America.
The Colombian government has introduced a new regulatory requirement for liquid fuel distributors operating in ten departments identified as high-risk due to the prevalence of illicit crops.
At the close of the first half of 2025, Colombia’s oil and gas sector continues to show alarming signs of weakening, according to the latest Semáforo de la Economía (Economic Traffic Light).
In a major step toward decarbonizing air travel, Colombia’s Civil Aviation Authority (Aerocivil) and Ecopetrol (NYSE: EC) signed a Memorandum of Understanding (MoU) to jointly promote the development of Sustainable Aviation Fuel (SAF) through the new program “SAF Vuela”.