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Reuters

Reuters

Business

Business & Economics

Lower oil prices could sink Ecopetrol's full-year profits by $2.8 billion, president warns

Reuters
Summary
Nutrition label

78% Informative

Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos this year .

Oil prices headed for second -consecutive weekly loss on Friday , with Brent futures at $ 63.45 a barrel.

President Ricardo Roa says around 20 to 30 fields could be at risk of closure.

Colombia 's economy is facing increasing fiscal pressure as tax revenues slip.

VR Score

88

Informative language

94

Neutral language

54

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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