Well maybe not as bad as last month, but bad. More news items than we have ever seen (not a good sign by itself) and all topics trending down. Only good news out of the Segunda Marquetalia negotiations gave any positive glimmers.
The average global price of gasoline has reached US$4.94 per gallon, but prices vary significantly across Latin America due to a range of factors, primarily taxes and subsidies.
Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, officially signed a decree to raise the price of diesel for large consumers.
Global oil majors are making record investments in the search for new oil reserves in Latin America.
Ecopetrol (NYSE: EC) announced the successful export of its first 2,500 tons of solid asphalt to South America, Central America, and the Caribbean.
The research team at Banco de Bogotá predicts that tourism will become Colombia’s third-largest generator of foreign exchange by the end of 2024.
The debate over fracking in Colombia has once again hit a stalemate as the Fourth Chamber Commission of the House of Representatives recently sank Bill 413, which aimed to ban fracking and unconventional oil development in the country.
Ecopetrol (NYSE: EC) announced via the Superintendent of Finance that it has received authorization from the Ministry of Finance (MinHacienda) to secure an internal loan with local banks.
The Mining-Energy Planning Unit (UPME) announced the approval of new projects aimed at expanding the availability of natural gas service across Colombia.
Ecopetrol (NYSE: EC) and Petrobras (NYSE: PBR) announced the initiation of drilling for the Uchuva-2 well in the Tayrona Block, located in the Caribbean waters of Colombia.
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