# Is it too late for a Colombian oil boom? | Global Risk Insights

> Colombia's government hopes to develop oil-rich rural areas now that a renewed peace agreement with FARC has begun implementation in December 2016. Colombian oil production fell to 846,000 barrels per day by October 2016, down from a 2015 peak of about 1,005,000 bpd.

- Date: 2017-01-24 · published 2017-01-24T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/73274-is-it-too-late-for-a-colombian-oil-boom-global-risk-insights
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Colombian oil output decline and a stronger US dollar pressure the peso and raise debt servicing costs, which can weigh on import capacity. Any recovery in oil supply would be a slow factor for regional energy and currency markets rather than an immediate price driver.

## Read by commodity

- WTI: neutral
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-10-28 | [E-Commerce Boom Offers Lifeline for Oil - TT](https://feedsoft.ai/events/50824-e-commerce-boom-offers-lifeline-for-oil-tt.md) | -4.8% | +13.6% |
| WTI | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -0.6% | +12.6% |
| WTI | 2017-03-30 | [Why the outlook for the loonie is such a bummer - The Globe and Mail](https://feedsoft.ai/events/72214-why-the-outlook-for-the-loonie-is-such-a-bummer-the-globe-and-mail.md) | +3.4% | -1.1% |
| WTI | 2020-07-30 | [Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues \| S&P Global](https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal.md) | +2.6% | +5.1% |
| WTI | 2025-11-12 | [US Dollar: Consolidation Persists While Risk Assets Rally Across Global Markets \| Investing.com](https://feedsoft.ai/events/22169-us-dollar-consolidation-persists-while-risk-assets-rally-across-global-markets.md) | +0.5% | -3.9% |

## Sources

- globalriskinsights.com: https://globalriskinsights.com/2017/01/late-colombia-oil-boom/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.