Tag: oil prices

The dollar continues to fall, reaching a low near $4,600

The dollar continues to fall, reaching a low near $4,600

The price of the dollar closed negotiations this Wednesday at an average of $4,627.36, representing a drop of $31.43 from the previous Representative Market Rate (TRM) of $4,658.79. On the Set-FX platform, trades amounting to USD 1,249 million were executed through 2,153 trades. The US currency closed lower for a third straight day, reaching a […]

Government tries to stop FEPC deficit accumulation

Government tries to stop FEPC deficit accumulation

The bottom of Fuel Price Stabilization (FEPC) accumulates an estimated balance between the second half of 2021 and the first quarter of 2022 of $14.1 trillion. This figure is explained by the high oil prices, the appreciation of the exchange rate and the government’s efforts to protect consumers from this upward volatility in international prices, […]

No immediate increase in oil production expected: ACP

No immediate increase in oil production expected: ACP

The chairman of the Colombian Petroleum Association (ACP), Francisco Lloreda, said that even with these high oil prices resulting from the war in Ukraine, an immediate increase in oil production in the country is not expected, more than expected. “It must be taken into account that the exploration and production of hydrocarbons it is characterized […]

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