Time was when we could count on a negative correlation between oil prices and the Colombian peso that provided countercyclical relief. Not anymore.
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.
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.
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.
The Ministry of Mines and Energy (MinEnergia) announced fuel prices for October 2023. Here are the details.
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.
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.
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.
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.
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.