Search for your article of interest

Downstream & Pricing

Over 500,000 natural gas-powered vehicles now on Colombian roads

Globally there are 20M natural gas vehicles (NGVs) with over 500,000 of these in Colombia, according to Pablo Roda, a spokesperson with the Natural Gas Association (Naturgas) who spoke at the Colfecar transportation congress.

Thursday, October 15th, 2015
Usefulness:
WTI, Brent margin shrinks, Ecopetrol imports light crude

WTI, Brent margin shrinks, Ecopetrol imports light crude

Ecopetrol is following the lead of other producers in Latin America and OPEC members by importing light crude from Nigeria and Russia to mix with its heavy crude production and fetch a better international price, fostered by a shrinking gap between the Brent and WTI prices.

Thursday, October 8th, 2015
Usefulness:

Biofuels strategic value must be harnessed, says executive

The fact that biofuels do not need to be refined from crude, which first must be found and extracted, plus their environmental benefits make them a strategic bet that Colombia must consider, says the president of the biofuels association, (Fedebiocombustible) Jorge Bendeck.

Thursday, October 8th, 2015
Usefulness:

Terpel looks to wow customers and create growth

Fuel retailer Terpel says that it is investing to innovate its service stations in order to create more loyal customers, and despite the fall in oil prices and a weak Colombian peso, its president Sylvia Escovar expects revenue growth this year of 10%.

Monday, October 5th, 2015
Usefulness:
Gasoline prices fall in October

Gasoline prices fall in October

The Ministry of Mines and Energy (MinMinas) says gasoline prices will fall in October based on a drop in its international price, although the exchange rate and biofuel prices meant diesel increased slightly, and also countered the decrease of gasoline.

Thursday, October 1st, 2015
Usefulness:

Study says thermoelectric sector short on gas supply

A study from an energy consultancy found that the Colombian thermoelectric sector only has 34% of the natural gas it needs to purchase to produce the country’s energy during the El Niño weather phenomenon.

Tuesday, September 22nd, 2015
Usefulness:
The anomaly is oil at US$100

The anomaly is oil at US$100

The IDB’s Ramón Espinasa spoke about oil prices last week at the Colombian Engineers’ Association (ACIEM) Enercol 2015 conference. He had predictions for short-term price movements but his comments on the current situation were similar to those we take from this graph.

Monday, September 21st, 2015
Usefulness:

US$30 a barrel is not a business

Combine insufficient infrastructure, blockades, attacks and high tax rates with a crude sales price of US$30, which some speculate could be a reality in the near future, and Colombia’s oil business loses all of its shine.

Tuesday, September 8th, 2015
Usefulness:
Eye on Latin America

Eye on Latin America

The last time we did this chart we concocted a marvelous story about Latin American customers wanting their oil without a heavy dose of Bolivarian rhetoric. Maybe we spoke too soon. Maybe not.

Wednesday, September 2nd, 2015
Usefulness:
Fuel prices drop in September

Fuel prices drop in September

The Ministry of Mines and Energy (MinMinas) announced a slight drop in both diesel and gasoline prices for the month of September, moved by declines in international fuel prices. However the strengthening of the US dollar against the peso and rises in biofuel costs kept the final price from falling further at the pump.

Tuesday, September 1st, 2015
Usefulness: