News and AnalysIs for

Minister of Finance (MinHacienda), Ricardo Bonilla, talked about the behavior of fuel prices for coming months and the deficit of the FECP.

Saudi Arabia and Russia’s decision to extend their voluntary oil production cuts is seen as a pessimistic signal for prices, according to energy sector analyst Clyde Russell.

Young Tae Kim, the Secretary-General of the International Transport Forum (ITF), discussed the primary challenges facing the transportation sector, his perspective on Colombia’s mobility, and provided advice on creating synergy with digital transportation platforms.

The Ministry of Mines and Energy (MinEnergia) announced fuel prices for July 2023. Here are the details.

Americas Society/Council of the Americas (AS/COA) and Control Risks reported its latest Corruption Capacity Index (CCI), with poor results for Colombia.

Ecopetrol (NYSE: EC) has announced the initiation of a maintenance program at the Barrancabermeja refinery.

CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced an oil discovery at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana.

According to Marcela Muñoz, the manager of Vanti Gas Natural Cundiboyacense, Colombia currently has sufficient natural gas reserves to meet consumption needs for over eight years, even if exploration and production were suspended.

Fitch Ratings commented about its outlook on oil and natural gas prices for 2023.

Gas Natural distributor, Vanti, successfully extended its services to 1,200 households in the picturesque municipalities of Monguí and Tópaga, located in the scenic Boyacá region of Colombia.