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Regulations & Policy

Oil prices and dollar

Oil prices and dollar

Oil prices increased, once again, for the sixth consecutive day last week, boosted this time by a weakening dollar that makes the barrel cheaper for investors in other currencies.

Monday, January 16th, 2023
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Government announces new plan for oil exports

The government of Gustavo Petro announced a plan for hydrocarbon exports. The plan would also include mining.

Monday, January 16th, 2023
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Don’t get me wrong

Don’t get me wrong

This chart comes from a MinEnergia study released just before Christmas. I would love this graph to be true. Really. No need for gas imports until 2042? Export capability until that time? Fantastic! Don’t get me wrong.

Monday, January 16th, 2023
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ANLA head wants more rigor in licensing processes

National business newspaper Portafolio recently interviewed National Environmental Licensing Agency head Rodrigo Negrete to understand his plans for the institution. He talked about having more rigor, decentralizing and alluded to formally including community feedback in the licensing process.

Thursday, January 12th, 2023
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Changes in MinEnergia: more pragmatism or more orthodoxy?

The Ministry of Mines and Energy (MinEnergia) confirmed upcoming changes in management and coordination positions at the Vice Ministry of Energy. Here are the details.

Thursday, January 12th, 2023
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Colombia’s finances and oil prices

The country still relies heavily on oil prices to support its public finances, yet these are starting to weaken, after reporting significant increases last year.

Wednesday, January 11th, 2023
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Ecopetrol asks US for permission to work with PDVSA

The NOC has formally asked the US government for a license to work with PDVSA. A similar permission was granted to US oil major, Chevron, in November, which the company used to export crude from Venezuela.

Wednesday, January 11th, 2023
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Fuel prices in January

Fuel prices in January

The Ministry of Mines and Energy (MinEnergia) announced fuel prices for January 2023. Here are the details.

Tuesday, January 10th, 2023
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MinEnergia losing both vice ministers?

Sources at the Ministry of Energy (MinEnergia) spoke about a possible strained relationship between Minister Irene Vélez and her vice ministers.

Tuesday, January 10th, 2023
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Government expectations on ECP

Government expectations on ECP

The Colombian government announced its expectations for Ecopetrol’s (NYSE: EC) contribution to the public finances in 2023, as well as expectations linked to oil production on the coming years.

Monday, January 9th, 2023
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