Colombia's oil and natural gas output is at historical lows, with production at 740,497 barrels per day as of March 2026, down from 917,210 barrels a decade ago. President Gustavo Petro's policies, including a ban on new exploration contracts, have contributed to this decline, raising concerns about an impending energy crisis. The upcoming 2026 election could further impact the industry, with candidates proposing varying approaches to energy policy.
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