Oil traders have amassed options contracts worth over three million barrels in a bet that prices per barrel will reach US$250 by June, as geopolitical risks remain high.
As part of the economic revitalization plan set to be presented to the Congress, the Ministry of Finance (MinHacienda) announced several tax changes in Colombia.
President Gustavo Petro issued a request to Ecopetrol (NYSE: EC) following the demand from the Special Jurisdiction for Peace (JEP) for the NOC to provide information about potential links to paramilitarism.
The Foundation for the Rule of Law (FED Colombia) joined the chorus of voices raising concerns about Colombia’s impending risk of losing its energy security and sovereignty in the field of hydrocarbons.
In the journey towards energy transition with alternative sources, encouraging achievements reflect a growing global awareness of the issue.
Environmental licenses remain a significant obstacle for various energy projects in Colombia, posing challenges for the industry and its stakeholders and becoming a major cause of delays, ultimately jeopardizing the country’s energy security.
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