Following political upheaval in Venezuela in early January 2026, global petroleum markets are undergoing significant realignments as major players position in the new landscape. President Trump announced substantial U.S. investment plans while Canada, Mexico, India, and China reassess their energy strategies in response to Venezuela’s changing landscape.
César Loza, president of the Unión Sindical Obrera (USO), was selected as Ecopetrol’s first-ever worker representative to the board of directors in elections held January 14-15, 2026. The election marks a historic milestone, as this is the first time a worker will participate in the state oil company’s board following changes approved at November’s General Assembly.
We are only a little over two weeks into 2026 and the number one theme from last year, natural gas, is the number one theme this year.
Colombia’s Producer Price Index (IPP) registered an annual decline of 2.63% in December 2025 compared to the same month in 2024, according to La República citing DANE data. The IPP measures price changes at the producer level before goods reach consumers, serving as “an early signal of what may happen later with inflation.”
Colombia’s Ministry of Mines and Energy issued Decree 1428 of 2025, removing private, diplomatic, and official vehicles from diesel price subsidies supported by the Fuel Price Stabilization Fund (FEPC).
Colombian business sectors have launched coordinated legal challenges against President Gustavo Petro’s government over both the 23% minimum wage increase and the broader economic emergency decree.
Colombia’s industrial natural gas demand fell 23.7% between November and December 2025 following sharp price increases triggered by the expiration of supply contracts on November 30.
Colombia’s 2025 inflation closed at 5.10%, with natural gas and vehicle fuels representing the largest increases within the energy basket, while electricity rates declined.
Colombia will confront a challenging oil market environment in 2026 characterized by lower prices, oversupply, and excess inventories, according to analysis from Corredores Davivienda.
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