The Colombian Ministry of Labor (MinTrabajo) held a meeting with representatives from Cenit Transporte y Logística de Hidrocarburos, a subsidiary of Ecopetrol (NYSE: EC, and the Unión Sindical Obrera (USO), the oil workers’ union, to evaluate recent labor changes under Cenit’s internal project Operación Sostenible (OPES).
At the Emergency Conference on Palestine held in Bogotá, Colombian President Gustavo Petro announced a decisive shift in the country’s energy and foreign policy.
In the first half of 2025, Ecopetrol significantly increased its labor opportunities, adding 66,052 new hires through its network of contractors as part of its commitment to regional economic development.
Admittedly not for Canacol, LNG (formerly Lewis), PetroSantander, or NG Energy whose revenues principally come from gas, but for the rest of the industry, Brent has an oversized impact on all the big strategic decisions. It is by far the principal “known unknown”.
Despite falling international fuel prices and a stronger exchange rate, Colombian consumers are currently paying significantly more for gasoline, up to CoP$2,000 above global reference prices, while indirectly subsidizing diesel.
The Colombian retail fuel sector is showing strong signs of recovery, according to the latest quarterly report from the Confederation of Retail Distributors of Fuels and Energy (Comce).
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