Ecuador’s decision to raise crude transport tariffs through its Trans-Ecuadorian Pipeline System (SOTE) from US$3 to US$30 per barrel—a 900% increase—has forced Colombian oil companies to evaluate costly alternatives for evacuating production from southern Putumayo department.
Parex issued a press release with statistical details on 4Q25 production and the results of the Guapo-1 exploration well.
Colombia’s exports totaled US$4.3B FOB in October 2025, declining 0.2% compared to October 2024, breaking the positive trend from September when the country reached its highest export value of the year, according to DANE.
From the beginning President Gustavo Petro’s government seemed determined that Colombia would lose its self-sufficiency in fossil fuels. It appears to be accomplishing that goal, certainly in gas, and maybe in liquids as well.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for October 2025.
The International Energy Agency (IEA) raised its forecast for global oil supply in 2025, warning that the market could face a significant surplus as production continues to outpace demand.
Colombia’s oil production is expected to fall over the next two years, according to new forecasts from the International Energy Agency (IEA).
Global oil markets are heading toward a potential glut, as production rises faster than demand over the next two years, according to the International Energy Agency (IEA).
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for August 2025.
Colombia’s oil production slipped again in August 2025, underscoring the dual pressures of social unrest and aging fields on the country’s most important export sector.
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