Illustration of Ecopetrol's Q1 2026 profits with oil facilities, charts, and Colombian elements for a news article.
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Ecopetrol reports $2.8 trillion profit in first quarter

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Colombian state oil company Ecopetrol announced profits of $2.8 trillion and revenues of $28.6 trillion for the first quarter of 2026. Earnings fell 7.7% from the same period in 2025. The Ebitda margin reached 47%.

Repsol chief executive Josu Jon Imaz warned Thursday of periods of complexity in petroleum product supplies across Europe in the coming weeks and months due to the closure of the Strait of Ormuz.

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Iran has hardened its negotiating position with the United States by demanding five conditions described as minimum guarantees for trust. The move comes amid mounting concerns over oil supplies and shipping security in the Strait of Hormuz.

米イラン両軍の交戦により数週間続いた緊迫した停戦状態が崩壊し、原油価格は1バレルあたり115ドルを超えて急騰した。4月の和平交渉の停滞やホルムズ海峡での海上封鎖、船舶拿捕に続く今回の衝突は、中東全域への紛争拡大への懸念を強めており、世界のエネルギー供給を脅かし市場のボラティリティを増幅させている。

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The OPEC+ alliance announced an increase of 188,000 barrels per day in crude oil production starting June 2026. This adds to the 206,000 barrels rise announced in April. The blockade in the Strait of Ormuz, however, restricts its effect on global markets.

International gasoline prices have surged 74.7% since US and Israel attacks on Iran began on February 28, pushing Brent crude over $100 per barrel amid Strait of Hormuz risks. Colombia, after early-year dips, implemented a price hike on April 1, with experts warning of further adjustments amid global tensions.

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TotalEnergies CEO Patrick Pouyanné warned that France would enter an era of energy shortage if the Strait of Ormuz blockade lasts another two or three months. He called for strengthening supply chain resilience through investments in new pipelines. He made these remarks at a conference in Chantilly.

 

 

 

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