The Barrancabermeja Refinery completed 97 years of operation in Colombia on February 18. Colombian authorities have promised large investments for this important facility, but these have not happened so far, affecting its performance.
Ecopetrol (NYSE: EC) reported low levels of B2E diesel stock for pipeline transport systems due to maintenance activities in the Barrancabermeja Refinery during the first weeks of February. The Ministry of Mines and Energy (MinMinas) published measures to mitigate this situation and ensure distribution in the country.
As we published last week, the MinMinas think-tank and research bureau, UPME, published a long document on energy prices just before Christmas. We have picked a few charts we think are interesting.
Fuel prices have generated much discussions and controversy in Colombia because of the formula to calculate them and their included taxes, among other issues. The Constitutional Court ruled on one of the components of the prices and the Ministry of Mines and Energy (MinMinas) announced an examination of the formula.
The Ministry of Mines and Energy (MinMinas) announced a new increase in fuel prices for February 2019. The Colombian Federation of Cargo and Logistics Transporters (Colfecar), commented on this measure.
Oil prices had a volatile behavior during 2018, reaching up to US$90 per barrel, but these ended the year in a range close to US$50. What are the expectations for this year? Experts analyzed this important metric.
Vasconia is the archetypical Colombian crude but its price is not widely published. Instead the popular press and even company financial reports talk about Brent (mostly) and sometimes WTI. The relationship between Brent and Vasconia is not fixed over time.
The Ministry of Mines and Energy (MinMinas) announced a decrease in fuel prices for January 2019. The National Administrative Department of Statistics (DANE) spoke about the behavior of this metric in 2018.