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Crude exports to US pick up

Crude exports to US pick up

During the first half of 2016, crude exports from Colombia to the United states increased by 82,000bd, to reach a total of 520,000bd. This amounts to a 18.72% increase compared to the same period last year.

Thursday, September 8th, 2016
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Biofuels rate changes could lower prices

Pending changes which will be announced by the Energy and Gas Regulation Commission (CREG) between October and November could mean lower biofuels rates, which has producers concerned.

Wednesday, August 31st, 2016
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Fuel prices on the rise in September

Fuel prices on the rise in September

The Ministry of Mines and Energy (MinMinas) published fuel prices over the weekend for September 2016, which include an rise in both gasoline and diesel, citing increases in crude and biofuels prices.

Monday, August 29th, 2016
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Investors interested in Peru, Colombia over larger markets

Colombia and Peru have received more interest from foreign investors as traditional markets like Brazil and Mexico have been hampered by economic problems. But despite this positive news, Latin America still ranks low as a priority for global investors, according to a recent survey.

Tuesday, August 23rd, 2016
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Lack of gas ending expansion of thermal plants

The constant decline of existing gas fields like those in La Guajira, and a lack of new sources has spelled the end to an expansion of thermal generation plants designed to back up the general electrical grid.

Wednesday, August 17th, 2016
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MinHacienda urges greater controls against contraband fuel

In light of the reopening of the Venezuela-Colombia border, the Minister of Finance (MinHacienda) Mauricio Cárdenas said that more must be done in Venezuela to prevent the entry of contraband fuel, which brings negative social consequences.

Monday, August 15th, 2016
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Colombian fuel consumption growing

Colombian fuel consumption growing

Yet another reader question and yet another off-the-cuff answer led to some introspection and some inspection of the facts. Fuel consumption – as measured by Ecopetrol (NYSE:EC) – has grown by 6.4% annually since 2008.

Tuesday, August 2nd, 2016
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Fuel prices should be falling, says Fedispetrol

The president of the association of fuel stations Fedispetrol Álvaro Younes said that contrary to what the government’s formula has yielded, fuel prices for both gasoline and diesel should be falling, and be at least CoP$300-400 (US$0.09-0.12) less per gallon.

Tuesday, August 2nd, 2016
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Stronger impact of low prices forecasted in 2021

A report from the United Nations Development Program (UNDP) said that the government has been able to avoid the worst consequences of a fall in oil prices, but that with a price of US$60/barrel there are worrying signs for the midterm future.

Monday, August 1st, 2016
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Fuel prices change for August

Fuel prices change for August

For the first time in several months, the Ministry of Mines and Energy (MinMinas) has announced a change in fuel prices for the month of August: gasoline will rise slightly while diesel will fall, which the ministry says is a result of biofuels costs.

Thursday, July 28th, 2016
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