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Colombia seeks $1 billion Ecopetrol dividend, amid massive civil unrest

Colombia seeks $1 billion Ecopetrol dividend, amid massive civil unrest

Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. Hundreds of demonstrators took to the streets in the Colombian capital on last Saturday. Colombia’s economy grew at its fastest pace in four years as migration from Venezuela. Luz Polo was at a campaign event when she said a...

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Saudi Arabia makes rare, bullish call on oil in its 2019 budget

Saudi Arabia makes rare, bullish call on oil in its 2019 budget

Despite falling oil prices, Saudi Arabia will continue paying its citizens cost-of-living allowances, the country’s King Salman announced during the unveiling of its 2019 budget on Tuesday. Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the kingdom’s history of making conservative financial...