Finance Colombia » oil prices

Interview: Will Avianca & LATAM Airlines Survive? Standard & Poor’s Analysts Weigh In

Finance Colombia arranged a meeting with key analysts with Standard & Poor to understand how this might play out for LATAM and Avianca, the two full service carriers that operate domestic routes in Colombia.

Posted On April 18, 2020

, By Loren Moss

Ecopetrol oil and gas company headquarters in Bogotá, Colombia

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Ecopetrol Reports Income of $923 Million USD in First Quarter of 2018

Despite a major oil spill and below-target production, Ecopetrol reported its best quarterly results in four years amid higher oil prices.

Posted On May 6, 2018

, By Jared Wade

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Bancolombia Projects Colombian GDP to Grow by 2.5% in 2018

Growth will be driven by higher commodities prices, improved household consumption, and a more balanced performance across various sectors.

Posted On February 4, 2018

, By Jared Wade

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Colombian Peso Hits Strongest Value Against Dollar Since November 2015 as Greenback Tumbles

The U.S. dollar currency index fell by almost 1% Wednesday afternoon to a 52-week low following market-moving comments by the U.S. treasury secretary.

Posted On January 24, 2018

, By Jared Wade

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With Oil Prices Rising, Colombian Peso Strengthens to Three-Month High

With oil prices jumping on supply disruptions in Iran and Europe, the Colombian currency reached 2,902 pesos to the dollar.

Posted On January 4, 2018

, By Jared Wade

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Colombia’s BBB Credit Rating Under Pressure if Economy Continues to Underperform, Says Fitch Ratings

“Colombia's creditworthiness could be pressured” if low growth persists and high fiscal deficits undermine the government’s push to reduce debt.

Posted On July 12, 2017

, By Jared Wade

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IMF Cuts Economic Growth Forecast for Latin America in 2017

The IMF lowered its 2017 projections for Brazil by 0.3% and Mexico by 0.6%.

Posted On January 16, 2017

, By Jared Wade

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Colombian Peso Soars on News of Global Oil Production Cuts

The OPEC and non-OPEC agreement has brought the Colombian peso back under 3,000 to the dollar for the first extended stretch since October.

Posted On December 13, 2016

, By Jared Wade

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Bancolombia: Colombian Economy Is Currently Bottoming and Set for a 2017 Turnaround

If the story plays out as expected, Bancolombia believes that 2015 and 2016 will end up being bumps in the road in an ongoing growth trajectory.

Posted On October 21, 2016

, By Jared Wade

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Inflation Hits 15-Year High of 8.2% in Colombia

The highest inflation level since 2001 is "testing Colombia's commitment to preserving the credibility of its inflation targeting regime," says Fitch.

Posted On June 15, 2016

, By Jared Wade