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

Colombia may have to choose which is most important between carbon neutrality and investment in social programs.

Looking back on the week several data points were published; none of which were particularly positive.

The bill imposes new income taxes on Colombians earning more than $2,000 per month, plus petroleum & mining exports.

Sectorially, financials (94.1%) are the top pick followed by Energy (82.4%), while oil has dropped away to 35.3%.

It's hard not to be happy when your President announces from Brussels that 2021 growth will be at least 10.2% in 2021

These new awards bring the total to 69 petroleum drilling concessions issued under the Duque Administration.

Fitch highlighted the company's linkage to the Republic of Colombia, which currently owns 88.5% of the voting shares, as well as the strategic importance of the company for the country.

S&P left Ecopetrol's individual standalone credit rating at 'bbb- ' with stable outlook, the company announced last week, after its acquisition of electrical grid operator ISA.

Monday saw the latest surveys released by Fedesarrollo - the Financial Opinion Survey (FOS) & Stock Market Confidence Indices (SMCI) - for the month of June. The overall confidence number stands at 96.97% which is up 5.1% from May - breaking that down we see other improvements.