Colombians can expect the price of gasoline to continue its upward trajectory for at least the next two months, according to President Gustavo Petro’s government. However, one critical factor in this equation is the fluctuation of global oil prices.
Colombia is on the verge of seeing cocaine surpass oil as its primary export, driven by a surge in narcotics production amid a more lenient government stance on drugs.
The recent declaration of the pacific regasification plant’s second call for bids as unsuccessful has brought to light the need for the government to present viable alternatives to the market.
Adriana Erazo, Director of Oil & Gas for Latin America at Fitch Ratings, provided valuable insights into Ecopetrol (NYSE: EC).
The arrival of Omar Andrés Camacho at the Ministry of Mines and Energy (MinEnergia) has brought about significant changes in key positions.
Recent discoveries of substantial natural gas reserves off the Caribbean coast of Colombia have garnered significant interest from major global oil companies.
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