Overview
- Industry data cited by the Financial Times show Mexico supplied an average of 12,284 barrels per day to Cuba in 2025, accounting for 44% of the island’s crude imports and marking a 56% rise from 2024.
- Pemex filings indicate that from January to September 2025 Mexico shipped 17,200 barrels per day of crude plus 2,000 barrels per day of refined products to Cuba, worth roughly $400 million.
- Venezuela’s flows to Cuba fell to about 9,528 barrels per day in 2025, or 34% of the total, representing a drop of more than 60% since 2023, while Russia maintained smaller volumes.
- Mexican authorities say the shipments comply with the law and reflect a longstanding relationship with Cuba.
- Businessman Ricardo Salinas Pliego used the FT report to criticize Mexico’s fuel market, alleging widespread “fiscal huachicol” and hinting at offshore beneficiaries, but he provided no evidence for his claims.