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Downstream & Pricing

Gazel expects up to 30,000 buses, trucks running on natural gas within 10 years

Terpel’s Gazel chain says that it expects that within 5-10 years there will be up to 30,000 buses and trucks running on natural gas instead of diesel.

Monday, November 24th, 2014
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Oil prices down, but fuel prices slow to follow

Oil prices down, but fuel prices slow to follow

The government’s formula to fix gasoline prices aims for stability despite changes in the international price of oil, for better or worse. But some are questioning who is benefiting when oil prices have dropped over 20% in the last six months, but fuel prices less than 2%.

Wednesday, November 19th, 2014
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New plants in 2015, 2016, regulations, set to grow biofuel use

With two new large biofuels refining plants planned for 2015 and 2016 and regulations that will increase the ethanol mixture in gasoline to 13.6% next year, the consumption of biofuels could grow by more than 50% in two years, says the president of the National Fuels Federation (Fedecombustibles) Jorge Bendeck.

Tuesday, November 18th, 2014
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Reacting to lower prices, according to Acosta

The former Ministry of Mines and Energy, Amylkar Acosta, says considering the decrease in oil prices Ecopetrol (NYSE:EC) and the industry must lower costs and guarantee a functioning pipeline system in this new scenario.

Monday, November 17th, 2014
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What crisis?

Government officials have taken a new tone this week, insisting that Colombia is prepared for lower oil prices and that the fiscal budget’s long term fundamentals remain strong.

Thursday, November 13th, 2014
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Ecopetrol exports to the US recover somewhat

Ecopetrol exports to the US recover somewhat

Ecopetrol (NYSE:EC) is by no means the only Colombian oil exporter but it publishes the most detailed statistics and we believe its export patterns indicate how the market as a whole is shifting.

Thursday, November 13th, 2014
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MinMinas talks oil prices, exploration in Yopal

The Minister of mines and Energy (MinMinas) Tomás González paid a visit to Yopal, Casanare and outlined the root causes of the drop in oil prices, and also talked about exploration plans to grow reserves and production.

Thursday, November 13th, 2014
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Fuel prices drop in November

Fuel prices drop in November

The Ministry of Mines and Energy (MinMinas) announced lower prices for both gasoline and diesel, while the transportation sector called for the changes to be implemented over a longer period of time, and called for more attention from the state.

Wednesday, November 5th, 2014
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The crude oil price slide continues

The crude oil price slide continues

Benchmark oil prices continue their downward slide hurting company results and Colombian government coffers.

Tuesday, November 4th, 2014
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