Tag

Bancolombia projects an April range of $3,625 COP for the peso following a 2.1% March gain and Brent crude’s rise to $118 USD per barrel.<

The Colombian central bank adjusts its stance as global energy instability and persistent internal pressures drive inflation concerns.

Ecopetrol faces a $30 billion USD debt and a looming national strike as the labor union demands the removal of President Ricardo Roa.

Recent board changes consolidate the Petro administration's control of the Ecopetrol board of directors.

Fitch says it would also consider a further upgrade if Gran Tierra diversifies its operations and enhances oil and gas sales prices.

The collapse in oil prices has led ACP, Colombia's petroleum industry association to call on the country's government to allow flexibility in the regulated pipeline transportation costs, that now make up almost half the cost of a barrel of oil, says the trade group.

Ecopetrol To Reduce 2020 Investment By $1.2 Billion USD Due To Pandemic, Economic Conditions

Within this role, Caballero will be the compliance agent for financial reporting to the Colombian Finance Superintendency.

Ecopetrol reported 15.8 trillion pesos in earnings, an increase of 37.7% compared to the 11.5 trillion pesos brought in during the first half of 2017.

Rising oil prices were the biggest factor. The extractive industry exported $11.8 billion USD — nearly 60% of the nation's export value in the past six months.