The prices of Colombian heavy crude have rebounded following an explosion on an oil rig in Mexico, which has raised concerns about oil supplies, according to Bloomberg News.
Latin America is poised to become a major oil producer in the coming decade, driven by significant discoveries and increased production.
Colombia’s oil production will face significant challenges in the coming years, according to the latest analysis and projections by the International Energy Agency (IEA).
According to Fatih Birol, the Director of the International Energy Agency (IEA), adjustments are expected in the oil market for the second half of 2023.
Saudi Arabia and Russia’s decision to extend their voluntary oil production cuts is seen as a pessimistic signal for prices, according to energy sector analyst Clyde Russell.
Young Tae Kim, the Secretary-General of the International Transport Forum (ITF), discussed the primary challenges facing the transportation sector, his perspective on Colombia’s mobility, and provided advice on creating synergy with digital transportation platforms.
Americas Society/Council of the Americas (AS/COA) and Control Risks reported its latest Corruption Capacity Index (CCI), with poor results for Colombia.
The Secretary-General of OPEC, Haitham Al Ghais, stated that despite the increasing demand for alternative energy sources, the demand for oil will continue to rise.
Venezuela wants to tap into its vast reserves of natural gas as a potential economic lifeline.
Former Senator Jorge Enrique Robledo has expressed his concerns about Colombia’s oil and gas reserves.
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