Ecopetrol May Raise 2026 Spending as Oil Rally Revives Venezuela Push
Ecopetrol could revisit its 2026 investment plan as early as April if elevated oil prices persist. The Colombian state oil giant is also pushing to secure access for deals in Venezuela. For now, executives see spending coming in toward the upper end of the 22 trillion to 27 trillion peso guidance. Timing’s key here. Brent’s surged roughly 24% this week to near $90 a barrel, after the Iran conflict threw off shipments through the Strait of Hormuz. That’s the sort of price spike that can upend cash flow forecasts for an oil producer working off a budget set last November.
