Ecopetrol's average crude oil price 2014-2023
The price of Ecopetrol's crude oil basket stood at 73.4 U.S. dollars per barrel in 2023. This was a decline of about 19 percent from the previous year, when Ecopetrol's crude oil basket average price reached a record high of nearly 91 U.S. dollars per barrel. Ecopetrol, headquartered in Bogotá, is Colombia's national oil corporation.