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Downstream & Pricing

LPG steps into the breach but also needs imports

Liquefied petroleum gas (LPG) — the propane-butane blend sold in cylinder form in Colombian homes — is emerging as an increasingly strategic energy source at precisely the moment the country’s natural gas supply is under the greatest pressure it has faced in years.

Wednesday, June 10th, 2026
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Colombia’s oil export windfall but…

Colombia’s crude oil exports hit their highest level since July 2022 in April 2026, reaching US$1.62B for the month — a surge driven not by increased output but by Iran War-driven price strength in international markets.

Wednesday, June 10th, 2026
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The end of the ICE Age?

The Iran War brought a welcome boost to oil prices that will benefit E&Ps throughout this year and into next. But will it also spur an end to the Internal Combustion Engine which has dominated transportation (and other applications) for over a century?

Monday, June 8th, 2026
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Gasoline price increase possible in June, Palma says

Gasoline price increase possible in June, Palma says

Colombia’s Ministry of Mines and Energy is evaluating a fresh increase in the pump price of gasoline for June 2026, minister Edwin Palma confirmed in public

Wednesday, May 27th, 2026
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A “Super El Niño” is coming soon

So earnings season comes to an end and, apart from a few special charges, a generally positive one. Brent over US$100/bl will do that. But, unsurprisingly perhaps, that is not what people are talking about

Monday, May 25th, 2026
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Colombia’s extractive industry trade surplus widens

Colombia’s extractive industry trade surplus widens

We found an article about hydrocarbons imports but that was only updated to February and didn’t say much about why things were the way they were. We were inspired to go back to the source data in DANE, Colombia’s statistical institute and update our trade balance chart.

Friday, May 22nd, 2026
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Ecopetrol sets single-shipment fuel oil export record at Puerto Bahía

Ecopetrol set a new operational record in early May when it loaded a 500,000-barrel fuel oil cargo onto a vessel at the Puerto Bahía maritime terminal near Cartagena — double its previous maximum for a single shipment.

Wednesday, May 20th, 2026
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Fuel export fraud claims in Ocean Mariner case

A dispute between two Colombian fuel distributors has drawn formal complaints to both the Fiscalía and the Ministry of Mines, reopening questions surrounding the Ocean Mariner — the Liberian-flagged vessel intercepted by the U.S. Navy in February after diverting from its declared destination in the Dominican Republic toward Cuba, carrying a cargo valued at US$6.9M.

Wednesday, May 13th, 2026
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Poultry sector sounds alarm over Colombia’s gas supply crunch

Colombia’s poultry industry is warning that a potential gas supply shortage would hit production costs and operational viability, adding an agricultural dimension to a crisis already well understood in power generation circles.

Monday, May 11th, 2026
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Terpel hedges against fuel’s uncertain future

Óscar Bravo, chief executive of Terpel — Colombia’s dominant fuel distributor with roughly 43% of the service station market – used an interview with Valora Analitik to lay out a decade-long growth plan that is as much about surviving the energy transition as it is about selling more gasoline.

Thursday, May 7th, 2026
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