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Ocampo added that inflation should have slowed in December & this will allow the central bank to cease the tightening cycle.

In November, 155 drilling & workover rigs were registered, exceeding the pre-pandemic activity of 136 rigs in January 2020.

The 2023 Bonds & Loans event will take place November 27th & 28th at The Ritz-Carlton Key Biscayne, Miami

Ironically despite the stubborn inflation, the Central Bank at this Friday's meeting will not be increasing rates.

Citigroup said in a statement that the confusion sends the wrong message and challenges board independence.

This past week: Nationwide protests, the falling peso, land redistribution, Ecopetrol, Petro's pal Lula, Quintero's Hidroituango crisis, & more!

Last week ended with the Central Bank increasing rates from 10-11%, fully as expected but FinMin Ocampo was part of a unanimous vote of 7-0 despite public comments suggesting rate increases wouldn’t slow supply side inflation. His reply was that he wanted to help the...

This is inflation week and September CPI is expected to be 0.78% (slowing slightly from 1.02% in August) with the 12m rate rising to 11.29%.

It has, thus far, been a week of general weakness in the equity market and a Peso that has been led around by the nose, by global events.

Besides Colombia. Ecopetrol has assets in the US, Brazil, México, Chile, Peru, Bolivia and Chile.