Colombia registered its worst trade deficit in history in 2025, reaching US$16.B FOB, surpassing pandemic-era records. Meanwhile, extractive industry trade balance contributed positively, although declining as well. DANE also published GDP for 4Q25 so we look at that from a sector perspective.
Colombia’s 2026 Medium-Term Fiscal Framework assumes Brent crude averaging US$62.3 per barrel, positioning Ecopetrol comfortably above its US$50 per barrel breakeven point quoted in third quarter 2025.
The Ministry of Mines and Energy announced February 11, 2026, that Pablo Yesid Fajardo Benítez assumed the presidency of Colombia’s National Hydrocarbons Agency (ANH), marking what the government described as “a new phase in the management of subsurface energy resources” amid energy security challenges and clean energy transition.
Colombia’s potential role in Venezuelan reconstruction—particularly through energy sector initiatives led by Ecopetrol—emerged as a central topic during President Gustavo Petro’s nearly two-hour meeting with President Donald Trump on February 4, 2026, according to Colombian Ambassador Daniel García-Peña.
Colombia’s Council of State suspended President Petro’s late-2025 minimum wage decree and ordered the government to issue a new provisional wage determination within eight calendar days, following strict criteria outlined by the high court. on February 13, 2026.
The prospect of political change in Venezuela has revived debate over what a mass return of migrants would mean—not just for Venezuela, but for the labor markets and demographics of the countries that have absorbed them over the past decade, Bloomberg Línea reported on January 21, 2026.
My “give back gig” is I work with the electrical engineer’s association (ACIEM) where I get involved in high technology and some energy issues. In that role, I’ve spent a lot of time at ACIEM events (like Enercol) where I got to meet ex-GEB president, Sandra Fonseca and see her discuss sectoral issues. I was somewhat surprised to see she’d left Asoenergia (where she was Executive Director) but then less surprised to see she was running for senator, under the umbrella of Nuevo Liberalismo.
Acting Environment Minister Irene Vélez Torres led a dialogue with 40 Colombian ambassadors and diplomatic mission representatives to advance preparations for the First Conference for Transition Beyond Fossil Fuels.
Colombia’s utility industry association Andesco and energy think tank CREE published a study in late January warning of mounting structural risks to the country’s natural gas supply, with all three articles covering the same report released on January 28.
President Gustavo Petro announced the government is evaluating declaring an Economic, Social and Environmental Emergency in Córdoba and Sucre departments following catastrophic flooding that has claimed 14 lives and devastated the Caribbean region.
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