Overview
- Mexico’s president confirmed a suspension of deliveries and said shipment decisions rest with Pemex under its contracts, rejecting the notion that the pause was ordered by Washington.
- Shipping documents reported by Bloomberg showed a mid-January cargo on the vessel Swift Galaxy was removed from Pemex’s schedule.
- Mexico has become a principal supplier to Cuba after Venezuela’s exports dwindled, and shipping data indicate Venezuela has not sent crude or fuel to the island for about a month.
- Analysts say halting Mexican barrels could worsen Cuba’s fragile energy outlook, heightening risks of blackouts, transport limits and service disruptions.
- U.S. pressure is intensifying, with President Trump vowing to choke off oil to Cuba and reports indicating a possible maritime blockade is under consideration.