News and AnalysIs for

The Ministry of Mines and Energy (MinMinas) announced fuel prices for August this year.

The discussion about the high fuel prices and the government’s ‘magic formula’ seems to have no end. The Colombian Federation of Cargo and Logistics Transporters (Colfecar) spoke about the behavior of this metric during this year and its consequences.

Colombia’s National Biofuels Federation (Fedebiocombustibles) spoke about the challenges that the new administration has when it comes to downstream.

In our final article based on BP’s update to its energy statistics, we look at a couple of topics we do not usually extensively cover in HCC: the domestic demand side, specifically refining and electricity generation, with a closer look at renewables.

The National Development Plan 2014-2018 contemplated large infrastructure projects and the Tumaco fuel terminal was one of the main ones. The southwest of the country benefits the most from this new terminal.

The country showed a decrease in its economic growth in 2017, but the recovery of oil prices has generated positive expectations for this year. Juan Manuel Santos, President of Colombia, could end his administration with signs of economic recovery.

It is the end of the second quarter (already?) so we decided to update our favorite charts about oil prices movements, including futures.

Oil prices have increased in recent months, improving the sector’s prospects and probably the Colombian State’s income in the coming years. However, this behavior has also had some impacts on the country’s economy, especially in gasoline prices and other key metrics. Colombia’s Central Bank (Banrep) talked about this.

BP recently published its annual statistical summary of the global energy market and we thought it might be interesting to look at a few selected charts. The focus was country-by-country comparisons and, by looking at energy consumption broadly, we chose some variables that might be a bit different.

The Ministry of Finance (MinHacienda) updated the Medium Term Fiscal Framework to reflect the recovery of oil prices. Expectations about oil exports are positive for the short term.