Russia To Help Cuba To Develop Oil, Gas Reserves
Russia plans to have its companies help Cuba to develop its oil and natural gas resources as part of a close energy cooperation, a senior Russian official said on Thursday, Continue Reading
What is Causing Cuba’s Fuel Shortage?
Cubans wait hours for buses to arrive. In Havana, drivers wait in long lines at gasoline stations. Both are signs of the effect of the United States’ sanctions on Cuba and its main Continue Reading
Explainer: What is causing Cuba’s acute shortage of fuel?
Long lines of drivers at gas stations in Cuba and hours of wait for public transport are signs of the impact of sanctions imposed by the United States this year Continue Reading
Cuban Power Outages May See End By Saturday
After days of radio silence, Cuban officials say that the massive blackouts throughout the country would end by Saturday, as another power crisis engulfed the ally of Venezuela’s Nicolas Maduro Continue Reading
US sanctions Cuba’s state-owned oil company for continuing Venezuelan imports
The US Treasury Department said Wednesday it has sanctioned Cubametales, Cuba’s state-run oil import and export company, for continuing to import crude and other products from Venezuela in exchange for Continue Reading
Cubans facing food rationing as Venezuelan oil cash dries up
Residents queue to buy yoghurt in Havana. Essential ingredients have begun to dry up throughout Cuba Cubans are experiencing chronic food shortages after imports of fuel from Venezuela dried up, Continue Reading
Exxon Mobil sues Cuba for $280 million over expropriated property
Exxon Mobil Corp on Friday sued Cuba’s state-owned Cuba-Petroleo and CIMEX Corp in U.S. federal court seeking $280 million over a refinery, gasoline stations and other assets seized after Fidel Continue Reading
China’s Newest Oil Hotspot Is In America’s Backyard
Chinese state-run news agency Xinhua said on Tuesda y that an affiliate of Chinese oil major CNPC, Great Wall Drilling, was drilling for oil off Cuba’s coast as part of Continue Reading
Cuba braces for more Venezuelan oil cuts
New US sanctions on ships and freight companies that transport Venezuelan oil to Cuba will exacerbate the island’s chronic fuel shortages and power outages, two Caribbean diplomats in Havana tell Continue Reading
Venezuela National Assembly Votes For Ban On Oil Shipments to Cuba
The opposition-led National Assembly of Venezuela this week voted to suspend crude oil shipments to Cuba after its president, Juan Guaido, slammed these exports as “funding dark purposes” in a Continue Reading