News and AnalysIs for

The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during May 2023.

The Autonomous Committee of the Fiscal Rule (CARF) has expressed its concerns regarding the Medium-Term Fiscal Framework (MFMP) presented by the Ministry of Finance on June 14^th.

Ecopetrol (NYSE: EC) that, through Resolution 1612 dated June 29, 2023, the Ministry of Finance (MinHacienda) made a payment against the outstanding amount of the Fuel Price Stabilization Fund (FEPC).

Finance Minister Ricardo Bonilla said that the trend of rising fuel prices in Colombia will continue.

The President of the Organization of the Petroleum Exporting Countries (OPEC), Antonio Oburu Ondo, emphasized the essential role of oil in the world.

The Colombian government carries on with the plan for “vertical integration” between Ecopetrol and ISA, aiming to make the NOC a power generator and have a presence across the entire energy chain.

Americas Society/Council of the Americas (AS/COA) and Control Risks reported its latest Corruption Capacity Index (CCI), with poor results for Colombia.

Fitch Ratings commented about its outlook on oil and natural gas prices for 2023.

Campetrol, with information from the ANH, published the royalty collection in 2022 and the estimated figure for the first quarter of this year.

President Gustavo Petro delivered a strong speech criticizing those who have opposed his government’s rapid transition to clean energy, leaving behind the gradual production of hydrocarbons.