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Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) ...
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BOGOTA (Reuters) - Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday.
Ecopetrol (EC) shares ended the last trading session 10% higher at $8.95. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session.
These are standardised products used to determine the prices for all other types. The reference oil traded most frequently and of major significance for the USA is West Texas Intermediate (WTI ...
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