Colombia’s oil industry has been in a death spiral since the beginning of the COVID-19 pandemic. Growing community and political opposition to Colombia’s oil industry adds an elevated risk to its struggling economy. The upcoming presidential election could seal the fate of Colombia’s battered energy industry. Colombia’s economically crucial petroleum industry, which has been under pressure for some time from a combination of weaker oil prices and low proven reserves, is struggling to recover from the COVID-19 pandemic. The latest data from Colombia’s Ministry of Energy shows that crude oil production volumes remain below pre-pandemic lockdown levels, while foreign energy investment is weak despite government initiatives to reactivate the vital hydrocarbon sector. There are signs of further difficulties ahead for the Andean country’s […]