Colombia’s oil sector was impacted heavily by the violent protests in Q2
Gran Tierra reforecasts Colombian production
National protest movement bruises company targets, but exploration prospects look promising
Months of social unrest and protests in Colombia have forced Calgary-based independent Gran Tierra Energy to cut full-year production guidance. More than 597,000bl in crude output was curtailed in Colombia through May and June after violent demonstrations resulted in temporary shut-ins at many of the company’s oil fields and wells. Output has mostly returned to pre-protest levels since the political situation calmed, but Gran Tierra does not expect to make up for the losses. The company has shaved 1.8-5pc from its original production guidance for the year. “Gran Tierra is very well placed, having built a commanding licence position across large parts of the underexplored Putumayo and O
Also in this section
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
