Economy

Colombia sold to the world last year thermal coal, metallurgical coal and coke, worth 11.7 billion dollars, thus doubling what was exported during 2021 and achieving a record, thanks to the best prices in the international market.(Also read: Oil: what is keeping crude oil prices up?) The figures are from the National Federation of Coal Producers (Fenalcarbón)which indicate that In thermal coal, the second export product, the country raised 9,500 million dollars with more than 65 million tons.The union also showed that in crude metallurgical coal, the 15th export product, more than 2 million tons in volume were sold to…

A document that contains 10 specific issues to advance in the labor reform process presented yesterday by the country's merchants, members of the National Federation of Merchants (Fenalco) to the National Subcommittee on Labor Reform as an input for the project that will be presented to the Legislature in mid-March.(Also read: Pension reform: why would it harm workers with less than two minimums?) According to the union, the initiatives aim at "more formal employment, flexibility without precariousness and less costs for companies." In addition, it recommends not ending the outsourcing, as well as eliminating the surcharge for those activities that…

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…

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…