GXG - Ecopetrol says oil operations little affected by Colombia protests

Ecopetrol ([[EC]] -2.2%) shares are under some pressure after S&P Global Ratings cut Colombia's rating to junk bond status, sending the Colombian peso and stocks lower.The downgrade follows violent anti-government protests, as well as growing concerns over strained spending and debt resulting from the COVID-19 pandemic.J.P. Morgan, Morgan Stanley and Goldman Sachs predict Fitch Ratings will follow suit with a downgrade this year.Colombia's energy minister says crude oil production following two weeks of protests and road blockades has dropped below 700K bbl/day for the first time since 2009, 6% less than 744.7K bbl/day pumped nationwide in March.Ecopetrol, producer of two-thirds of the Colombia's oil and equivalents, says its fields have not experienced any material impact and its refineries are operating normally so far.ETFs: [[GXG]], [[ICOL]]But in recent days, Colombia-based Geopark ([[GPRK]] -2.1%) said it had cut production in the country by 40%-45% to 12K-15K boe/day.Also, Gran Tierra Energy ([[GTE]] -1.4%)

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Ecopetrol says oil operations little affected by Colombia protests