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Fuel deficit and diesel prices

Minister of Finance (MinHacienda), Ricardo Bonilla, addressed the issue of fuel prices in Colombia.

Tuesday, May 14th, 2024
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Parex 1Q24 results

Parex 1Q24 results

Parex (TSX: PXT) announced its financial and operating results for the first quarter 2024. Here are the details.

Tuesday, May 14th, 2024
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Legislative activity for extractive sector

At the Congress of the Republic, as of April 2024, a total of 39 bills related to the mining, petroleum, and gas sectors are being processed.

Monday, May 13th, 2024
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Taxi driver subsidy

The Colombian government is set to provide a subsidy of CoP$453,000 to taxi drivers across the country.

Monday, May 13th, 2024
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Bridges are being built using oil waste

A significant portion of industrial waste from oil companies is now being utilized for the construction of road infrastructure, specifically bridges that connect pathways and roads in remote areas far from consumption centers.

Monday, May 13th, 2024
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Now its Downstream’s fault…

Now its Downstream’s fault…

The headlines scream “Ecopetrol Net Income falls 29%!” with a picture of Ricardo Roa looking forlorn (as he often does these days). The text alludes to Roa’s (many) legal issues caused by his responsibility for Gustavo Petro’s presidential election campaign, trying to tie these somehow to the NOC’s falling performance. As always, the reality is considerably different – and more complex than what you read in the popular press although they sometimes get it right. Roa’s leadership and tenure remain controversial.

Monday, May 13th, 2024
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