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Fuel prices discussion

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.

Tuesday, February 5th, 2019
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Fuel prices in February 2019

Fuel prices in February 2019

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.

Monday, February 4th, 2019
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MinMinas talks Producer Prices

 

The Ministry of Mines and Energy (MinMinas) published the list of Producer Prices for different type of fuels for January 2018. Here are the details.

Thursday, January 31st, 2019
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Oil prices in 2019

Oil prices in 2019

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.

Thursday, January 24th, 2019
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Vasconia discount deepens in 3Q18

Vasconia discount deepens in 3Q18

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.

Tuesday, January 15th, 2019
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Fuel prices drop to start 2019 – but not very much

Fuel prices drop to start 2019 – but not very much

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.

Monday, January 7th, 2019
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Challenges ahead

Climate change and misinformation, among other issues, have pressured the industry to reinvent itself and adjust to a new reality. Julio Cesar Vera, president of the Colombian Association of Petroleum Engineers (Acipet) explains how he believes the process is going.

Monday, January 7th, 2019
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Controversy about fuel supply in Nariño

Pasto’s fuel entrepreneurs were hoping for Vice Minister of Energy, Diego Mesa, to clear out ‘rumors’ about fuel prices in Nariño. His speech started another controversy instead.

 

Wednesday, December 5th, 2018
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Will gas become a better business than oil again?

Will gas become a better business than oil again?

On paper, Colombia has about 11 years of gas reserves. But the production forecast shows shortfalls occurring very shortly. Getting investors to search for domestic gas should be a regulatory priority but a better gas netback would also help their decisions.

Monday, November 26th, 2018
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Senator Martinez talks Meta’s fuel prices

Senator Maritza Martínez (U Party) complained about the department’s high tolls and fuel prices, and has a proposal to fix the issue.

 

Thursday, November 22nd, 2018
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