Colombia’s oil industry is yet again under considerable pressure, despite the national government in Bogota attempting to reactivate the economically crucial sector. The March 2020 oil price crash, COVID-19 pandemic, rising security risk and now significant political turmoil are weighing heavily on the oil industry’s performance. After a rough 2020 where Colombia’s five-month long quarantine lockdown sharply impacted operational activity and crude oil production, there are signs that the Andean country’s oil industry is struggling to recover. This comes after a moment of optimism in late-2020 where it appeared that Colombia’s hydrocarbon sector was on track to return to a pre-pandemic tempo of operations. The latest data from the energy ministry for Latin America’s fourth largest economy indicates that is not the case. During March 2020, Colombia pumped a daily average of 744,715 barrels of crude oil and 1.2 million cubic feet of natural gas, which is a 0.14% […]