Lower oil prices inevitably led to lower netbacks in 3Q19 and that could not have made the CFO happy. But production costs were slightly lower on average so operations people should not catch any flak (or at least, not any more than usual).
The Ministry of Mines and Energy (MinEnergia) announced fuel prices for November 2019, reporting a small decrease in regular fuel and diesel, compared to previous month.
Ecopetrol (NYSE:EC) reported that it started producing and shipping cleaner and better quality gasoline. Here are the details.
Oil prices began to show signs of recovery a year ago, generating high expectations for their behavior during 2019. Political and economic issues, however, have affected this metric.
Colombia’s current ethanol production is insufficient to cover national demand. Imports are increasing considerably, generating concerns in the sector.
Fuel prices have been one of the main topics of discussion between the Colombian government and the transport sector in Colombia. Fedispetrol talked about this issue and a possible decrease in these.
Local authorities denounced that the department of La Guajira is suffering a serious situation due to lack of gasoline. They asked for measures to solve this problem.
The government’s decision of reducing the biodiesel mix, from 12% to 2%, left 11 sugar cane processing facilities out of the market.
The Ministry of Mines and Energy (MinEnergia) announced fuel prices for October 2019, reporting no changes in regular fuel and a small decrease for diesel.
The National Federation of Fuel and Energy Distributors (Fendipeleo) spoke about Colombia’s de-carbonization plan.
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