MinMinas announced gasoline and diesel prices this past week and as expected they went down. Also as expected, the truckers association and other groups thought they should have gone down further.
Positive momentum in September carried through to October and we have now had two straight months of increasing month-end crude oil prices. October ended on a positive note.
The National Council of Industry Associations and the 21 industry representatives which form it have signed off on an articulate and thorough document which addresses the concerns of these business sectors about the peace process in Havana, and more importantly, its impact on Colombia. With a diplomatic tone, it both justifies the fundamentals of the talks against its critics, but it is not a blank check for the government to push an agreement through on any terms.
This is the second and final part of an article we published last week with the same title (1). Peace certainly looks closer now than it has for decades. That does not diminish the challenge as this article from Intelligence Petrolera’s Carlos Goedder points out.
At the ACP conference in mid-October, Ecopetrol President Juan Carlos Echeverry said peace was the most important success factor for the oil and gas industry.
Last week we commented on the biofuel association’s attempt to win friends and influence people over rising – or at least not falling very fast – fuel prices, blamed by MinMinas on the association’s products: ethanol and biodiesel.
Editor’s Note: If the news from Havana is to be believed, we are less than six months away from the signing of a peace accord with the Farc.
On average, the major Colombian-committed producers gave back the gains achieved in 2Q15 in their performance relative to global indices.
October is our anniversary month. The first daily newsletter was sent on October 23, 2012. Our first Inner Circle Weekly Summary went out on October 28, 2012 although we had been publishing weekly summaries on our WordPress blog and the website (which came up in early October) before that.
Navigating the issue of indigenous rights and adhering to the prior consultation processes is one of the challenges of a responsibly managed project, and in Latin America the experience has some notable differences to the rest of the world.