Turmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision

(Reuters) – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board member and analysts, come ahead …

Turmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision Read More »

U.S. Oil Sector Pushes Trump to Spare it from Tariffs, Regulation

Oil companies see Trump as a staunch ally, but some of his proposals threaten their profits Bloomberg News Republican presidential nominee former U.S. President Donald Trump speaks at a campaign town hall at the Greater Philadelphia Expo Center & Fairgrounds, Oct. 14, 2024, in Oaks, Pa. Photo by AP Photo/Alex Brandon Oil industry heavyweights are lobbying U.S. President-elect …

U.S. Oil Sector Pushes Trump to Spare it from Tariffs, Regulation Read More »