Concerns about global warming have generated several agreements and commitments around the world to reduce polluting emissions. The Colombian oil sector has not been left behind in this process and Ecopetrol (NYSE: EC) announced new measures to reduce pollution levels.
President Duque said that the extradition process of Farc leader Jesus Santrich is violating the principle of judicial cooperation with the US. Here is why.
We updated our indices of Colombia-focused, publicly-traded companies and as expected, the slide in Brent had a noticeable impact. We also looked more closely at our composite index, especially the role of the TSX.
It is early January and time for my annual look ahead. The working title for this piece is always “Fearless Forecasts” but this year I am rather fearful.
Colombia has done little exploratory activity in recent years due to the oil crisis, insecurity and social conflict. However, the country must improve on this issue as soon as possible to resolve concerns about self-sufficiency.
The boom of anti-oil referendums in producing regions keeps generating concerns in the industry. The municipalities are still trying to develop these mechanisms (despite the Constitutional Court’s ruling that they have no force) and the Yopal Council ruled on this issue.
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