Shares in Colombia's majority state-owned energy conglomerate Ecopetrol fell 2.20% in early trading to 2,005 pesos ($0.48) each on Wednesday after the country's President Gustavo Petro called for the company to sell its U.

Colombia's President Gustavo Petro has instructed state-run oil company Ecopetrol to cancel its joint venture with the US-based Occidental Petroleum (Oxy) due to environmental concerns. The venture, which involves the fracking method of oil extraction,

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.-based Occidental Petroleum that was expected to produce around 90,000 barrels of oil per day.