Cuba runs out of oil as U.S. pressure mounts
The U.S. agrees to allow the resale of Venezuelan oil to Cuba as the country faces a humanitarian crisis. Under U.S. pressure, Mexico paused a February oil shipment, leaving barely 20 days of supplies remaining
CRUDE OIL EXPORTS TO CUBA
Mexico
Russia
Venezuela
Average
10
20
30
000 barrels/day
2020
2021
2022
2023
2024
2025
Previously dependent on Venezuelan oil, Mexico is now biggest supplier
62 miles
100km
IN STORAGE
Approx. 460,000 barrels at start of year
U.S. EMBARGO
Venezuelan oil now exempt – if sold to private companies. 72% of power generation – government-owned – from imported fuel oil
Ñico López refinery
Blaze on Feb 13
Matanzas oil storage
Cienfuegos
65,000bpd refinery – largest in country – forced to close Feb 11
U.S.
CUBA
Sierra Cristal
Guantanamo Bay
Sierra Maestra
Camaguey
Havana
Santa Clara
Santiago de Cuba
Pinar del Río
MONTHLY OIL IMPORTS
2025 average
37,000bpd
20
30
40
50
60,000 barrels/day
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2025
Jan 9: Single shipment from Mexico – 84,900 barrels (equivalent to 3,000bpd)
Sources: Reuters, Financial Times, Industrial info
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