Tag: petroleum

The government has taken measures to increase gas and oil reserves

The government has taken measures to increase gas and oil reserves

Furthermore, the Government will strive to reconvert the pipeline infrastructure to optimize its use. To these strategies are added points for strengthening the areas, identifying undeveloped discovered resources and developing programs to promote overcoming the contingencies. Energy unions have already started to speak out about the fall in energy prices. Bookingsone of them is the […]

The Cartagena refinery is approaching 200,000 barrels of cargo per day

The Cartagena refinery is approaching 200,000 barrels of cargo per day

In addition, it achieved historic sales of 76.5 million barrels of fuel, of which 54.7 million barrels were marketed in the market domestic and 21.7 million barrels abroad. The results are due to the continuous operation of the units rawcompliance with the stops floorsthe implementation by new technologyGand good energy efficiency practices. The Cartagena Refinery […]

These would be the government candidates for the Ecopetrol Board

These would be the government candidates for the Ecopetrol Board

“We have already served on its board of directors Ecogasoline Unpleasant Edwin Palma, who was chairman of the USO and is now the government’s deputy minister of labor. He decides whether he wants to become a senator or remain on the board of Ecopetrol. We asked Ricardo Roa (Chairman of Ecopetrol) that makes the transition […]

Ecopetrol will contribute about $55 billion to the state in 2023

Ecopetrol will contribute about $55 billion to the state in 2023

In an interview with EFE during his presence Davos World Economic ForumRoa has explained that by 2023, the oil company’s largest contributions to the Colombian state “in terms of taxes, royalties and dividends”, having already reached $45,140 million between January and September. Although the oil company has not yet closed its accounts for last year, […]

Ecopetrol has reduced 1 million tons of CO2 in the past four years

Ecopetrol has reduced 1 million tons of CO2 in the past four years

The company highlighted actions such as: the installation of a floating membrane to insulate the roof of one of the storage tanks Cusiana; the start-up of the gas exploitation plant in the field Chichimene in the Goal and the widespread use of permanent magnets in electrically submersible pumping wells oil fields of all countries. Furthermore, […]

OPEC maintains oil demand estimate for 2024 despite uncertainties

OPEC maintains oil demand estimate for 2024 despite uncertainties

Referring to oil production of the OPECthe report speaks of 27.0 mbd in 2023, 2.6% less than 2022. In case of Venezuelathe only Latin American country in the group, the production has increased 8.8% between 2022 and 2023, from 688,000 barrels per day to 749,000 barrels, according to independent sources cited by the OPEC. Saudi […]

Oil rises 2% on concerns about the Middle East crisis

Oil rises 2% on concerns about the Middle East crisis

He Israeli government has indicated that it is an offensive against Hamas in the Gaza Strip will continue into 2024, raising concerns among investors about the possibility of the conflict spreading across the region and affecting crude oil trade. Analysts will be paying attention to US inventory data released today by The New York Times […]

The dollar maintains a downward trend and averages $3,850

The dollar maintains a downward trend and averages $3,850

And investors are reacting optimistically to data suggesting inflation is approaching the 2% inflation target US Federal Reserve (Fed). “Inflation is falling, the economy continues to improve and the cycle of increases has ended. In all these macro trends, the recovery is justified,” he told the network. CNBC analyst Jan Szilagyi, CEO and co-founder of […]

Red Sea and Houthi attacks terrorize economy: rising costs

Red Sea and Houthi attacks terrorize economy: rising costs

Attacks on commercial ships in the Red Sea by Yemen’s Houthi rebels also scare major shipping companies and oil giants due to their economic and security impacts. Geopolitics rhymes with the economy more than ever. 12% of world traffic passes through the Red Sea area, 23 thousand ships per year, almost 30% of regular services, […]

The dollar started Thursday below $4,100

The dollar started Thursday below $4,100

The opening value of the us currency It was $4,050. In turn, the minimum price is $4,039, while the maximum price is $4,067.78. This behavior occurs after the president of the Federal Reserve by United States (Fed), Jerome Powellwill confirm this Wednesday that interest rates will remain high for as long as necessary, until the […]

\