Mexico sent $600 million worth of oil to Cuba in 2024

The terms of these deliveries remain a mystery: donation, sale or barter in exchange for supposed medical services?

Mexico increased its exports of crude oil to Cuba despite its own energy crisis and the US embargo. This article analyzes the economic consequences that the country could face if Washington decides to punish this risky oil commitment of political solidarity. Mexican Oils (Pemex) increased by 2024 its shipments of crude oil to Cuba by 20%, reaching 20,100 barrels per day through its subsidiary Gasolinas Bienestar. In contrast, oil exports (refine…