Cuba’s crude oil production saw an increase in 2010, rising to 52,623 b/d from the 47,517 b/d produced in 2009, according to a recent study of the Caribbean nation’s oil and gas ...

Facing the risk of losing oil-production capacity, the Nicolás Maduro regime has developed a seemingly counterintuitive solution to keep the wells pumping: Give away crude to Cuba. Petróleos de ...

Cuba's New Deepwater Oil Well Uncomfortably Close As a legal case over a moratorium on deepwater drilling works its ... U.S. companies are banned from any participation in Cuban oil production, ...

"Around 95% of Cuba's electricity is produced by power plants that burn oil. Fuel oil, diesel, even crude oil. So if you don't have the fuel, you cannot operate the plants," Torres says.

Venezuelan oil production is dropping rapidly and the government has no money to buy food, medicines or consumer goods, but there is one item that the socialist regime of President Nicolás Maduro ...

Venezuelan oil is the lifeblood of Cuban economy. But Nicolas Maduro’s rival, Juan Guaidó, has already vowed to end Cuban influence in Venezuela, and any governmental change could upset the ...

As Venezuela’s economic crisis and oil production woes deepen, the country has continued to send subsidized crude to its ally, Cuba, despite the backlash from Venezuelan nationals ...

HAVANA – It was supposed to be Cuba's economic savior: vast untapped reserves of black gold buried deep under the rocky ocean floor. But the first attempt in nearly a decade to find Cuba's hoped ...

*Diesel output jumps 25.3 pct in January-June period HAVANA, Aug 20 (Reuters) - Cuba increased its output of diesel and fuel oil in the first half of the year, but gasoline production fell ...

Cuba has first call on Venezuelan oil production, in exchange for the intelligence agents it stations in Caracas to protect Nicolás Maduro and keep his regime in power.