Oil prices had a volatile behavior during 2018, reaching up to US$90 per barrel, but these ended the year in a range close to US$50. What are the expectations for this year? Experts analyzed this important metric.
President Duque announced the reactivation of capture orders against the ELN’s delegation, after the armed group claimed responsibility for attacking the Police Academy in Bogotá. How will this affect the Colombian economy?
The Army reported positive results in operatives against oil smuggling in Cúcuta (Norte de Santander) and Tame (Arauca), among others. The development of these and other stories in our periodic Security summary.
Authorities were able to significantly reduce fuel theft, but are still struggling to eliminate fuel smuggling.
Authorities in oil producing municipalities were surprised to see that the new royalties’ budget excluded a big part of the resources that president Duque had announced for some regions. These and other stories in our periodic Royalties summary.
The General System of Royalties (SGR) has been one of the main discussion topics between the government, communities and oil sector. The last reform to the SGR generated significant conflict with the inhabitants of producing regions. Ivan Duque, President of Colombia, spoke on this issue.
Concerns about a possible shortage of energy in Colombia are rising due to the El Niño phenomenon. However, the energy marketplace, XM, conducted a study on the levels of energy generation with fossil fuels and the results provide peace of mind at the moment.