Colombia’s Oil Industry Eyes Comeback as $100 Crude Revives Investment Case
A shock oil price spike, after U.S. airstrikes on Iran, which sees Brent trading at over $100 per barrel, is giving hope of a recovery for Colombia’s beleaguered oil patch. Hydrocarbon production in the conflict-riven country is at multi-year lows, with adverse regulatory and tax reforms impacting investment in the economically critical sector. Nonetheless, higher oil prices and the prospect of a business-friendly candidate winning the 2026 presidential election offer a glimpse of hope for Colombia’s beaten-down oil industry. February…