It foresees a fall of 11% in the price of crude oil by 2026

The Treasury estimates lower oil prices in 2026 and a 12% drop in oil revenues, despite a slight increase in domestic production. The Ministry of Finance and Public Credit projects an 11% drop in the price of the barrel of oil by 2026, which will go from $62.4 to $55.3, according to the Precriteria of Economic Policy 2026. This decrease is attributed to an uncertain international environment, marked by geopolitical tensions, sanctions on produci…

Treasury estimates a fall of 11% in the price of the barrel of crude oil by 2026, going from $62.4 to $55.3 per barrel, in the face of global geopolitical tensions and a weakening in economic activity, according to the Precriteria de Política Económica 2026. As a result of this fall, oil revenues will have a decrease of 12% as they go from a billion 154 billion pesos, to a billion 50 billion pesos, according to the document. The crude production…