April 17 (oilprice.com) A shock oil price spike, after U.S. airstrikes on Iran, which sees Brent trading at over $100 per barrel, is giving hope of a recovery for Colombia’s beleaguered oil patch. Hydrocarbon production in the conflict-riven country is at multi-year lows, with adverse regulatory and tax reforms impacting investment in the economically critical sector. Nonetheless, higher oil prices and the prospect of a business-friendly candidate winning the 2026 presidential election offer a glimpse of hope for Colombia’s beaten-down oil industry.
February 2026 data from the hydrocarbon regulator, the National Hydrocarbons Agency (ANH), shows Colombia lifted an average of 734,924 barrels per day. This is the lowest amount of petroleum produced since April 2025, when 714,229 barrels per day were extracted. That number is significantly lower than the 1,029,798 barrels per day pumped during February 2015, when the Brent had plunged to under $60 per barrel. For over a decade, a succession of conservative governments in the capital, Bogota, viewed oil production of one million barrels per day as key to fiscal stability.
Meanwhile, economically vital natural gas output remained weak. In February 2026, production hit an average of 695 million cubic feet of natural gas per day. This, despite being 1.8% higher than a month prior, is a worrying 15.7% lower than a year earlier. Indeed, the Andean country’s natural gas output is hovering around the lowest level in decades. This is particularly concerning because domestic demand for the fossil fuel is rising at a solid clip.
Read full article: https://oilprice.com/Energy/Energy-General/Colombias-Oil-Industry-Eyes-Comeback-as-100-Crude-Revives-Investment-Case.html
Brazil Energy Insight 
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