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CoP$-to-US$ decouples from oil prices

CoP$-to-US$ decouples from oil prices

Time was when we could count on a negative correlation between oil prices and the Colombian peso that provided countercyclical relief. Not anymore.

Monday, October 9th, 2023
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Gas imports to address El Niño

As Colombia braces itself for the upcoming El Niño phenomenon set to hit in November, Liquefied Natural Gas (LNG) emerges as a crucial fuel for the electric sector to prevent potential power shortages.

Thursday, October 5th, 2023
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Bonilla provides insights on fuel prices

Despite the decision to freeze fuel prices for the month of October, the Colombian government under President Petro has stated that gasoline prices in the country will continue to rise.

Thursday, October 5th, 2023
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Reficar requests asset freeze of CB&I

In August 2023, Reficar filed a request before a Federal Judge in New York to confirm an arbitration award for enforcement in the US, the main business hub of McDermott, the parent company of CB&I.

Wednesday, October 4th, 2023
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Fuel prices in October

Fuel prices in October

The Ministry of Mines and Energy (MinEnergia) announced fuel prices for October 2023. Here are the details.

Tuesday, October 3rd, 2023
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Advocating for propane subsidies

As the government gears up to provide subsidies to taxi drivers in response to rising gasoline prices, Gasnova suggests that subsidizing propane would be a more environmentally sound approach, favoring a cleaner fuel over more polluting alternatives.

Monday, October 2nd, 2023
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Reficar: Pioneering sustainability and energy independence

Reficar: Pioneering sustainability and energy independence

Herman Galán Barrera, President of Refinería de Cartagena (Reficar), sheds light on the company’s transition plan and its alignment with the zero-emissions strategy by 2050.

Wednesday, September 27th, 2023
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Camacho rules out diesel price hike

The price of diesel has been a key topic of discussion this year, and Minister of Mines and Energy (MinEnergia) Andres Camacho talked about this issue.

Thursday, September 21st, 2023
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Fuel supply disruption due to roadblocks

The Colombian Association of Oil and Gas (ACP) has raised a red flag regarding the impact of roadblocks this year on the supply of gasoline, diesel, and jet fuel.

Wednesday, September 20th, 2023
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More pressure on gasoline prices

Colombians can expect the price of gasoline to continue its upward trajectory for at least the next two months, according to President Gustavo Petro’s government. However, one critical factor in this equation is the fluctuation of global oil prices.

Wednesday, September 20th, 2023
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