Tag

The rating reflects the company's status as the main producer of oil and gas in Colombia, with approximately 60% of the country's production.

Will Banco de la República upgrade its November meeting to a "decision" meeting in order to cut rates from 13.25% and start the easing cycle?

Banco de la República left interest rates at 13.25%, a terminal rate that needs to come down ASAP. The cut doesn't need to be radical but at least signal that the easing cycle has begun.

Throughout Colombia, gasoline prices are now seen in a range between 11,100 to 11,300 pesos per gallon (roughly $2.40-2.40 per gallon).

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