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Downstream & Pricing

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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Gas imports are costing industrial clients

Carlos Mazeneth, chief executive of Efigas, the natural gas distributor serving Colombia’s Eje Cafetero region, has issued a blunt warning about the commercial toll of the country’s growing dependence on imported gas: higher molecule costs are driving industrial customers away, directly eroding the company’s bottom line.

Thursday, May 7th, 2026
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Gasoline prices up more than 40% since 2022

Gasoline prices up more than 40% since 2022

A CoP$400 increase in the pump price of gasoline effective May 2026 — combined with a CoP$121 rise in the CREG’s diesel reference price — has brought renewed attention to the cumulative fuel cost burden Colombians have absorbed since 2022.

Tuesday, May 5th, 2026
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CREG opens first-ever regulatory sandbox for LPG market

Colombia’s Energy and Gas Regulatory Commission (CREG) has launched what it describes as the first regulatory sandbox in its history, targeting the liquefied petroleum gas (LPG) market.

Tuesday, May 5th, 2026
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Do Brent and Brent futures reflect market reality?

Do Brent and Brent futures reflect market reality?

The global oil market is navigating a rare convergence of three simultaneous disruptions that are reshuffling physical flows, distorting benchmark pricing, and forcing a reassessment of energy security assumptions, according to Bloomberg Línea’s analysis published April 24.

Monday, April 27th, 2026
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Middle East conflict drives jet fuel shock

The International Air Transport Association (IATA) opened its Wings of Change Americas (WOCA) conference in Santiago, Chile, with a stark warning about the financial pressure the Middle East conflict has placed on the aviation sector’s fuel supply chain. Peter Cerdá, IATA’s regional vice president for the Americas, told delegates that crude oil prices have climbed from roughly US$70 per barrel before hostilities began to above US$110 today.

Wednesday, April 22nd, 2026
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Reficar gets Colombia’s first sulfur solidification plant

Ecopetrol has commissioned Colombia’s first wet-pelletized sulfur solidification plant at its Refinería de Cartagena (Reficar), opening a new downstream business line that could supply up to 70% of domestic demand and generate export volumes for European markets.

Monday, April 20th, 2026
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