Gasoline prices generate a lot of controversy due to the ‘Magic Formula’ used to establish them in Colombia.
Crude oil prices have taken a bit of a tumble recently so we thought we should update our standard charts as well as show a new one we have been working on.
The Colombian Association of Large Industrial and Commercial Energy Consumers (Asoenergía) spoke about the effects of a new regasification plant in the country.
The Venezuelan manufacturing industry association (Conindustria) spoke about the possibility of importing Colombian diesel.
Wärtsilä announced the completion of engineering work for the ‘El Tesorito’ thermoelectric project.
Time for us to review prices and netbacks for our Colombia focused publicly traded companies. Prices were up in the quarter but so were costs so not a good quarter on average. As always, individual results may vary.
The Ministry of Mines and Energy (MinEnergia) announced fuel prices for March 2021. Here are the details.
Agremgas’ Felipe Gómez spoke about the need to impose controls on propane prices.
The Colombian Propane Association (Gasnova) talked about the increase in propane prices and made a request on this matter.
A reader question arose about forecasting oil prices for business cases so we thought it worthwhile to go through some of the alternative methodologies and say what we would do.
2025, Hydrocarbons Colombia, All Rights Reserved.
