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Ecopetrol released its report on proven reserves of oil, condensates and natural gas (1P reserves), including its participation in affiliates and subsidiaries, as of December 31, 2022.At the end of 2022, the net proven reserves of the Ecopetrol Group were 2,011 million barrels of oil equivalent (mbe). The reserve replacement rate was 104 percent. (Also read: Ecopetrol Shareholders Meeting will be on Thursday, March 30) Regarding those held at the end of 2021, the company's hydrocarbon reserves only increased 0.4 percentWell, in that year they reached 2,002 mbe after increasing 13 percent. The bad news for Colombia comes from the…

A new advance, of close to one percentage point, records the usury rate for March, standing at 46.26 effective annual percent, as has just been certified by the Financial Supervision, thus resulting in the cost of consumer and ordinary credits. The current rate, 45.27 percent effective per year, will be in effect until Tuesday of the following week.(Also read: New consumer loans have 'cost' banks $1.1 trillion more) For its part, the Current Bank Interest for these same types of loans stands at 30.84 percent, an increase of 66 basis points. With these new limits, new loans, especially consumer loans,…

Less than a week ago, the Ministry of Housing, City and Territory, through the minister of the portfolio, Catalina Velasco, announced the changes that the housing program will have that has had the most relevance in recent years: Mi Casa Ya. According to what Portafolio knew, the draft decree is ready, which stipulates what amounts each family will be able to access due to their score in the Sisbén and changes in the requirements for their application.Read: Despite less appetite for home buying, prices continue to rise The first article, which promises to modify article 2.1.1.4.1.2.1. of Decree 1077 of…

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