Rebel attacks force Ecopetrol to trim oil forecast
Ecopetrol, the world’s best- performing major oil producer, trimmed its production forecast this year by 2.5 percent after guerrillas increased attacks on infrastructure in Colombia.
Average output will reach 780,000 barrels a day, according to a presentation posted on the Bogota-based company’s website. The state-run company as recently as this month forecast average output of 800,000 barrels a day.
Guerrillas have stepped up attacks on pipelines and oil fields, increasing transport costs and hampering production gains at Ecopetrol.