These are some of the challenges that regional authorities will have to face due to low oil prices and less royalties’ resources. These and other stories in our periodic Royalties summary.
The Organization for Economic Cooperation and Development (OECD) welcomed Colombia as an official member, after a seven-year accession process.
The government is analyzing aid measures for the sector, amid the ‘new oil crisis.’
In his most recent Op-ed for BBC, Business editor Simon Jack talks about why WTI’s negative prices caught the world’s attention, in a slightly misleading way.
Experts spoke about the “new oil crisis” and its effects in the short and medium term.
In its most recent report, the National Association of Financial Institutions (ANIF) spoke about the panorama for the national economy, amid the health emergency. Here are the details.
This week the Colombian Petroleum Association (ACP) raised the issue of oil transport costs and in particular, pipeline tariffs. Given the government’s stake in the Cenit, which owns virtually all of the pipelines, the request for lower tariffs will likely be ignored. But Cenit’s victory may be pyrrhic this time.
The Organization of Petroleum Exporting Countries (OPEC) published its monthly report on the oil market, reviewing its prospects for demand worldwide.
The Colombian Petroleum Association (ACP) called on authorities to re-think pipeline transportation tariffs.
Low oil prices will not only translate into less production, but into less royalties’ resources for Colombia.
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