Fuel crisis
Cuba reportedly produces approximately 40,000 barrels of oil per day but consumes well over twice that, between 90,000 and 110,000, making it structurally dependent on imports that have now virtually disappeared.
The Cuban government announced on Tuesday that it will liberalise fuel prices, ending the fixed-price regime on energy commodities amid US economic sanctions and worsening fuel shortages.
Cuba is facing a fuel crisis amid the US oil embargo, imposed on January 30, along with widespread power outages.
US President Donald Trump has repeatedly said that Cuba is “next” after the US war against Iran and that the Caribbean Island will fail “soon.”
