Ecopetrol May Raise 2026 Spending as Oil Rally Revives Venezuela Push
Ecopetrol may revise its 2026 investment plan in April if oil prices remain high, as Brent surged 24% this week to $90 a barrel amid Middle East tensions. The company’s 2025 net income fell 39.5% to COP 9.0 trillion, but production met targets and reserves grew 2.7%. Ecopetrol seeks U.S. approval to pursue Venezuela opportunities. Shares rose over 7% Thursday in Bogota.
