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Even exports of crude are falling.
The benchmarks, notably Brent crude, are enormously influential.
Colombia is Latin America's third-largest oil exporter but is in danger of becoming a net oil importer if new, large discoveries of crude are not made.
Buyers of the reserve crude are free to apply for export licenses, though the length of the process might discourage such a move.
Greenhouse gas emissions of tar sands crude are 40% higher than conventional oil, and the open-pit mining has devastated Alberta's boreal forest.
In recent years, it has tried to move more of its drilling into oil, since prices for crude are still high.
Similar(23)
Sometimes crude is stolen from export terminals.
The film, "Crude," was released in 2009.
But sandwiching it between satire so crude is repugnant.
Brent crude is now up 1.2% at $65.
US crude was up about 0.54% at $40.96 a barrel.
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