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.
A group of Ecopetrol workers filed a tutela (constitutional legal action) requesting immediate suspension of the election process for their representative to the company’s board of directors, citing alleged irregularities.
President Donald Trump’s ambitious plan to revitalize Venezuela’s oil industry through USD$100B in private investment faces significant obstacles as major oil companies express skepticism, culminating in Trump threatening Sunday to exclude ExxonMobil from the South American nation after its CEO called Venezuela “uninvestable.”
Parex issued a press release with statistical details on 4Q25 production and the results of the Guapo-1 exploration well.
President Donald Trump warned Cuba it will no longer receive money or oil from Venezuela, stating the island has been “living for years” thanks to Venezuelan money and crude in exchange for “security services” for “the two last dictators (Hugo Chavez and Nicolás Maduro).”
The Collegiate Body for Administration and Decision for Peace (OCAD Paz) approved COP$1.76 trillion for projects in PDET municipalities (Programs for Development with Territorial Focus), representing the highest investment in Colombian history for zones most affected by violence and armed conflict, now designated as territories of resilience, recovery, and reactivation.
Colombia began 2026 with new fuel price increases despite declining Brent crude and dollar values, highlighting how Petro government policy keeps domestic gasoline more expensive than in the United States.
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