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0 0 -0.00611620795107034 0 0.000764525993883776 0.000756880733944956 0.000772171253822732 0.000787461773700372
Stock impact report

Colombia blasts Ecuador's pipeline fee hike as trade war between neighbors escalates [Yahoo! Finance Canada]

Ecopetrol S.A. American Depositary Shares (EC) 
transportation fees for Colombian oil, calling the move an act of “aggression,” as a trade war between the two Andean nations intensifies. Ecuador announced Monday a tenfold increase in fees for Colombian companies using its oil pipelines, raising the rate from $3 to $30 per barrel. The move would make it harder for oil companies in Colombia to use a pipeline that takes oil from western Ecuador and southwestern Colombia to ports along the Pacific Ocean. One of the companies that will most likely be affected is Colombia's state-run Ecopetrol, which uses the pipeline to move more than 12,000 barrels of oil per day. “This is a new aggression against the people,” said Colombian Energy Minister Edwin Palma. Ecuador hiked its pipeline fees days after Colombia suspended electricity sales to its neighbor. The power cutoff was a major blow to Ecuador, which relies largely on hydroelectric power and suffered from serious power outages in 2024 following a spell of dry weather. The trad Show less Read more
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