In its latest analysis and forecasts of the oil sector, with data up to March 2024, the International Energy Agency (IEA) anticipates that Colombia’s oil production will stay relatively stable in 2024 compared to 2023 figures.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for January 2024.
During the Economic Outlook Forum 2024 hosted by Anif and Fedesarrollo, Finance Minister Ricardo Bonilla talked about the oil production behavior during 2023.
MinHacienda Ricardo Bonilla created a minor kerfuffle this week by saying Colombia’s oil production hit 788,000 barrels a day in 2023. It didn’t. As the graph shows it only got to 777,000 barrels a day, 1.4% less but still the highest since “The Plague Year” of 2020.
The major Colombian-focused publicly traded oil and gas companies have communicated their 2024 guidance. With the president talking down the industry every chance he gets and few or no friends in the public sector, one would not be surprised to see much negative sentiment. How do they really feel or, at least, what did they share with investors?
In a recent update to this year’s Financial Plan, the Colombian government revised its projections for oil production, Brent crude prices, and the exchange rate.
Campetrol reported its oil production estimate for December 2023 in Colombia.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for December 2023.
The International Energy Agency (IEA) raised the global demand for oil for the third consecutive month, projecting a global consumption increase of 1.24 million barrels per day (bpd) by 2024. As the world anticipates higher demand, some Latin American countries are strategically positioning themselves in the race for oil production.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for November 2023.
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