Colombia's Oil Production Dips Amid Contrasting Trends

Colombia's oil production declined by 2.46% year-over-year in July, averaging around 727,920 barrels per day, according to data from the National Hydrocarbons Agency.

The country's crude oil production actually increased by 2.12% from June's reported 712,799 barrels per day.

Market gas production in Colombia saw a significant drop of 9.41% year-over-year in July, averaging around 722 million cubic feet per day, although it did rise by 2.56% compared to June's registered 704 million cubic feet per day.