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Oil: what is keeping crude prices up?  – Financial Sector – Economy

Oil: what is keeping crude prices up? – Financial Sector – Economy

After oil fell below $75 in December, its lowest level in a year, international crude oil prices He kicked off 2023 with a bang thanks to the lifting of covid-19 restrictions in China.While the price of intermediate oil from Texas (WTI) closed yesterday at $80.15 per barrel, the Brent reference for February delivery ended the day at $86.15.(You can also read: Ocampo once again denies Vélez and says that the reservation report must be expected) And it is that investors are optimistic with the reopening of chinawhich is the largest importer of oil, and they hope that the lifting of…
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Ocampo: “There are no final estimates of oil and gas reserves” – Sectors – Economy

Ocampo: “There are no final estimates of oil and gas reserves” – Sectors – Economy

In the midst of the controversy generated by the report presented by the Ministry of Mines on the gas and oil reserves in which it is assured that the resources would reach 2037, the Minister of Finance, José Antonio Ocampo, clarified that for now final figures are not available and the Government will hold a meeting next week to review the issue.(You can also read: 'No signatures were falsified': Minister Irene Vélez ratified the oil report) "Next week we are going to meet the government team with the Ministry of Commerce, with ecopetrol. There are still no final estimates of…
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In a year the decision of no more contracts could be reviewed: Minister Vélez – Sectors – Economy

In a year the decision of no more contracts could be reviewed: Minister Vélez – Sectors – Economy

Backed by the presidents and directors of the entities attached to the Ministry of Mines and Energy, Irene Vélez defended the 'Balance of hydrocarbon contracts and resources available for the Just Energy Transition'.This has been questioned by different unions and experts in the sector because it considers that an erroneous analysis of the potential of oil and natural gas is made What does Colombia have?(Also read: The key phrases of the defense of Minister Irene Vélez for the oil report) In addition, the greatest concern because this document corresponds to the basis for the National Government to make the decision…
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Colombian dollar: downhill, due to oil, Issuer and US rates – Sectors – Economy

Colombian dollar: downhill, due to oil, Issuer and US rates – Sectors – Economy

The dollar in colombia keep going downhill The fall of 7 pesos registered yesterday is added to the four in the last days and leaves the representative market rate (TRM) in force for today Thursday at 4,538 pesos, some 272 pesos below the record at the beginning of the year (4,810.2 pesos) and a difference of more than 500 pesos compared to the more than 5,000 pesos reached just two months ago.(You can also read: Ocampo once again denies Vélez and says that the reservation report must be expected) A dollar above 4,538 pesos has not been seen for more…
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