Colombian oil production falls 13.5% in November

Colombia’s oil production fell 13.5% year-on-year in November to 760,940 barrels per day (bpd), the Ministry of Mines and Energy reported Wednesday. Average crude oil production between January and November reached 783,291 barrels per day, a drop of 11.6% compared to the same period in 2019, when it stood at 886,180 bpd. The pumping of crude in Colombia was reduced during 2020 due to a drop in demand, high supply and low prices amid the coronavirus pandemic.

Source: Reuters