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Downstream & Pricing

Vasconia discount continues to narrow

Vasconia discount continues to narrow

It has been many months since we updated our chart of showing the discount of Vasconia blend to Brent. Vasconia is the country’s most emblematic crude.

Wednesday, June 13th, 2018
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Fuel prices in June

Fuel prices in June

The Ministry of Mines and Energy (MinMinas) announced fuel prices for June this year. As expected, these increased and the entity explained the reasons for the new rise.

Wednesday, June 6th, 2018
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US imports have Colombian biofuel industry on the ropes

US ethanol imports totaled 27% of demand in February causing inventories by local producers to use almost all of their storage capacity. Industry association FedeBiocombustibles says American production has a 30% government subsidy and they cannot compete.

Wednesday, June 6th, 2018
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Fuel subsidy fund running out of cash

Fuel subsidy fund running out of cash

The Fuel Price Stabilization Fund (FEPC) was created to reduce the impact of the international prices volatility on the local market. However, the FEPC has reported a huge deficit and it continues to grow.

Thursday, May 24th, 2018
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Alan Jara answers for Llanospetrol

A few weeks ago, a long-simmering scandal resurfaced with news that the Attorney General’s office had ordered the retention of several ex-employees of the Meta Governor’s office involved with the Llanospetrol project. They had worked for former Governor Alan Jara. Now he has defended the project to the press.

Thursday, May 24th, 2018
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Fuel prices in May

Fuel prices in May

The Ministry of Mines and Energy (MinMinas) announced fuel prices for May.; these increased and the entity explained the reasons for the new rise. Representatives of the sector also spoke about prices behavior.

 

Thursday, May 10th, 2018
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Long term price forecasts

Long term price forecasts

Recently the ACP announced its long-term price forecasts out to 2028. They also compared their numbers to other, publicly-available projections. We provide our own version of the comparison graph, translate some of the ACP’s commentary and give some of our own.

Monday, April 30th, 2018
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Colombian Pesos and Oil Prices – Adding Precision

Colombian Pesos and Oil Prices – Adding Precision

The HCC Analyst was concerned to see his graph of oil prices and the Colombian peso / USD exchange rate used in Friday’s newsletter without – in his opinion – the proper caveats. He demanded time to explain what was happening more carefully. (We think deep down he did not have anything else prepared, but we do agree that Friday’s article glossed over some important points.)

Monday, April 23rd, 2018
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The discount to Brent helps Colombia’s finances

The discount to Brent helps Colombia’s finances

Ecopetrol (NYSE: ECP) reported good financial performance in 2017, and prospects for this year are positive as well. Oil prices and the discount to Brent played a key role in this issue, benefiting all Colombians.

 

Thursday, April 12th, 2018
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Fuel prices in April

Fuel prices in April

The Ministry of Mines and Energy (MinMinas) announced fuel prices for April. The entity took measures to improve fuel quality and reduce pollution.

 

Tuesday, April 10th, 2018
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