News and AnalysIs for

USO showed its dissatisfaction towards UT Ecolog’s position. The transport and logistics company allegedly did not show willingness to talk to them, so the union announced the sabotage of activities at Ecopetrol’s (NYSE: EC) warehouses until the firm changes its mind.

We did not publish our usual security summary for December 2017 even though it was the end of the quarter and the end of the year. By the time we started operations again after the year-end holiday period, the bilateral truce with the ELN was already over, ending literally with a bang. It made more sense to wait until the end of January.

I have a deserved reputation for being a curmudgeon – always complaining – but looking at the statistical evidence, and listening to the industry, 2018 could shape up to be a good year. I am – shock! horror! – optimistic.

Oil production in Colombia showed stable performance throughout 2017, but how have the main operators and producers in the country fared? We check our database to analyze their production metrics.

Last year marked a milestone for the industry because propane supply was not enough to fulfill the national market. This year, the industry expects to reverse that trend with Ecopetrol’s (NYSE: EC) help.

The constant increases in gasoline prices generate much discussion and social discontent in Colombia. Prices increased substantially during the past year compared toannual inflation in percentage terms.

The National Authority of Environmental Licenses (ANLA) trained more than 300 employees in the management of contingencies in industry projects.

This graph started – as many do – in response to a question from a subscriber: “Can you relate oil prices to investment?” It was easy to do the graph from our databases, but we did not expect the result to be so definitive.

Gran Tierra Energy (TSX: GTE) announced the firm’s 2017 year-end estimated reserves and prospective resources. McDaniel & Associates Consultants Ltd. was the reserves evaluator.

Official figures to evaluate Colombia’s development during 2017 are available; low economic growth, social protests and the breach of several presidential promisesshaped last year.