Colombia Politics | Pro-oil & gas de la Espriella wins Colombia run-off in razor-thin result
On 21 June 2026, Colombia elected Abelardo de la Espriella (Defensores de la Patria) president in a razor-thin runoff, defeating Ivan Cepeda (Pacto Historico) by…
Read MoreGeopolitics Iran | From Ceasefire to Framework: What the US-Iran MoU Means for Oil Markets
Beyond a ceasefire, the US-Iran MoU is a framework for negotiating a broader political, security and economic settlement, and the events of the past week…
Read MoreWelligence Colombia Politics | Colombia heads to election run-off as pro oil & gas de la Espriella takes surprise lead
Colombia’s 2026 presidential election heads to a run-off after no candidate reached a 50% majority on polling day (31 May 2026). Against expectations, Abelardo de…
Read MoreFirst Take on Venezuela’s Draft Implementing Regulations – More Work Needed
The draft regulations are a substantive piece of work and the first comprehensive set of implementing regulations to a Venezuelan Hydrocarbons Law since 1943. It…
Read MoreWelligence Colombia Politics | Colombia’s polarizing 2026 presidential election
Colombia’s 2026 presidential election is shaping up to be tight, with Pacto Historico continuity candidate Ivan Cepeda, a close ally of current President Gustavo Petro,…
Read MoreWar in Iran could cause the biggest oil shock in years
Faced with an existential threat, Iran’s leadership – or what remains of it – may see dragging its Gulf neighbours into the crisis as one…
Read MoreIran retaliates with attacks aimed at UAE, Qatar, Kuwait and Saudi Arabia
“For Iran, the stakes are existential,” Carlos Bellorin, EVP at Welligence Energy Analytics, told Upstream. “The regime may be willing to go further than in…
Read MoreBallots and Barrels: The Elections to Watch in 2026
Elections that took place in 2025 across oil-relevant states were notable for their frequency, geographic spread, and political intensity, setting an important reference point for…
Read MoreVenezuela’s Amended Hydrocarbons Law – An Update
On 29 January 2026, the National Assembly of the Bolivarian Republic of Venezuela approved a comprehensive amendment to the 2006 Hydrocarbons Law, representing a historic…
Read MoreWelligence Development | Venezuelan gas – an overlooked opportunity
Venezuela’s gas potential flies under the radar due to the country’s dominant oil profile – indeed, nearly all commentary since Maduro was removed from office…
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