Ecopetrol’s US$60 Oil Stress Test Reveals Colombia’s Budget Exposure

Key Points A Brent price near US$60 could cut Ecopetrol’s 2025 profit by about 40%, to roughly COP 8.9 trillion from COP 14.9 trillion. Estimates suggest each US$1 move in Brent shifts Ecopetrol revenue by about COP 0.8 trillion, and a stronger peso can deepen the hit. If cash flow shrinks, state transfers can fall […]