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Finance Minister (MinHacienda), José Manuel Restrepo, spoke about gasoline prices and the government’s measures to mitigate inflation.

Oil E&P is another of the great challenges that the next Colombian government will face. Experts talked about this issue.

Canacol Energy Ltd. (TSX: CNE) reported on the conventional natural gas prospective resources for its Pola-1 opportunity in the VMM-45 exploration block located in the Middle Magdalena Valley (VMM).

The Minister of Environment (MinAmbiente), Carlos Eduardo Correa, spoke about the Fracking Pilot Projects (PPII).

Oil prices were up again last week, Brent closing Friday at US$111.70 (according to FT.com). This is not a record or even a record for the period since Russia’s invasion of the Ukraine on February 22^nd. But the 13-week Moving Average hit US$102.36 for the first time in almost 8 years and the 52-week moving average was US$81.52 for the first time since 2015, nearly seven years. These signals may mean some changes in producer and consumer behavior. But probably not yet in Colombia on the consumer side.

Grupo de Energía de Bogota’s (GEB) Juan Ricardo Ortega talked about the company’s bet on natural gas and the need to build a new regasification plant in the country.