Ministry of Mines and Energy analyzes effects on the oil, gas, and fuel market due to Middle East conflict
Edwin Palma, Minister of Mines and Energy. Photo: Private archive
TL;DR
- The Ministry of Mines and Energy is closely monitoring the Middle East conflict's impact on oil, gas, and fuel markets.
- Colombia was admitted as a permanent member of the International Energy Agency (IEA) in February.
- The ministry will continue to monitor domestic energy markets for implications on supply, security, and economic stability.
- Colombia emphasizes international cooperation, dialogue, and stability in energy markets.
- The country is committed to diversifying its energy matrix with cleaner and sustainable sources.
- Recent gasoline prices in Colombia have seen a reduction, reaching levels near $15,000.