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Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.

While the fall was slightly better than expected, the positive difference is likely not enough to radicalize the central bank into taking more drastic measures.

This week, Petro was in Venezuela with Nicolás Maduro — and oil and gas topped the agenda.

Organized by Vostock Capital July 24th and 25th, 2024 in Bogotá, Colombia

Along with an average reserve life of 7.6 years, Ecopetrol reported net profit of 19.1 trillion Colombian pesos.

Analysts say the reduction is due to the decrease in imports of corn, wheat, and other agricultural products

Alejandro Arango has resigned, Pedro Manrique Gutiérrez has retired, and Fernán Ignacio Bejarano's service is coming to an end for undisclosed reasons.

Investments in oil exploration and production represent about half of the annual plan total.

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?

Frontera board chair Gabriel de Alba called the discovery another positive development for the company's "potentially transformational investments in Guyana."