Petróleos Mexicanos (Pemex)

Mexico's state oil company supplied approximately 20,000 barrels per day to Cuba through September 2025, making it the island's largest remaining oil source after Venezuelan shipments stopped. - Disclosed $496M oil to Cuba in 2025; future shipments reduced due to domestic refining

The United States has imposed economic pressure on Cuba for 64 years. Now, for the first time, Washington is threatening to punish any country that sells oil to the island. President Trump's January 29 executive order creates a tariff mechanism targeting third countries that supply Cuban fuel—a significant escalation that goes beyond traditional bilateral sanctions to coerce allies and trading partners into joining an energy blockade. Nearly two months later, the UN has warned of a potential humanitarian collapse as oil dwindles, blackouts persist nationwide, and tensions boiled over with Cuban border guards killing four on a US-registered speedboat on February 25.

Updated 2 days ago

Mexico’s oil giant—and the physical infrastructure cartels keep trying to siphon. - Victim and vulnerability point in the fuel-theft economy

After Treasury sanctioned the Cartel de Santa Rosa de Lima (CSRL) and its jailed leader José Antonio Yépez Ortiz (“El Marro”) on December 17, 2025, Washington’s campaign against huachicol money moved quickly toward the infrastructure that can make stolen hydrocarbons tradable: shipping, routing, and due diligence.

Updated Dec 20, 2025