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Downstream & Pricing

Prices are up but so are costs

Prices are up but so are costs

We updated our Netback charts based on 1Q21 results from major Colombia-focused publicly-traded E&P companies. This time we introduce a new chart showing how Production & Transport Costs vary with Average Realized Oil Prices.

Monday, June 14th, 2021
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Fendipetroleo talks fuel shortage

The National Federation of Fuel and Energy Distributors (Fendipetróleo) talked about fuel shortages in the country.

Tuesday, June 1st, 2021
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Propane shortage

Gasnova made a statement on the difficult situation of propane at national level.

Thursday, May 27th, 2021
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Fuel problems during the national strike

The blockades leave losses in the oil industry, which are reflected in lower revenues for the country.

Thursday, May 27th, 2021
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CREG reviews propane tariffs

The Energy and Gas Regulatory Commission (CREG) will make modifications in the regulation of propane supply prices.

Wednesday, May 12th, 2021
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Fuels shortage

Blockades and protests in Colombia have prevented the transportation of gasoline, gas, propane and other essential services in Colombia, generating shortages in several regions. Industry associations spoke out on this issue.

Monday, May 10th, 2021
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Fuel shortage

The protests have a large part of the roads blocked in Valle del Cauca, generating great uncertainty and risk of fuel shortages.

Wednesday, May 5th, 2021
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Colombia has the fourth cheapest gasoline

Colombia has the fourth cheapest gasoline

Colombians have shown their discomfort at the high cost of gasoline in the country with the potential to go higher with a VAT increase from 5% to 19%. However, Colombia has one of the lowest prices in the region.

Monday, May 3rd, 2021
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More ethanol in fuel mix

Jorge Bendeck, President of Fedebiocombustibles, spoke about the percentage of palm oil and ethanol in biofuels.

Monday, May 3rd, 2021
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Government to review VAT on gasoline and utilities

The government has already begun to give clues about what it would be willing to eliminate from the tax reform.

Thursday, April 29th, 2021
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