Venezuela, Trump administration and resume oil production
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Cuba faces collapse
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10hon MSN
Mexico becomes crucial fuel supplier to Cuba but pledges no extra shipments after Maduro toppled
Mexico has emerged as a key fuel supplier to Havana as the United States prepares to seize control of Venezuelan oil and the administration of U.S. President Donald Trump hardens its stance toward Cub
Mexico has sent two ships carrying 80,000 barrels of petroleum to Cuba to help alleviate the country’s energy crisis.
US military strikes in Venezuela and President Donald Trump’s remarks on boosting oil production under American control have set off global ripples, raising questions over the future of the world’s largest proven reserves and the geopolitical balance among key partners — Russia,
The complex geopolitics of oil mean Maduro’s capture may have as big an impact in Moscow, Beijing, Tehran and Havana as in Caracas.
Crude output in Venezuela could increase up to half a million barrels per day in the next two years if Venezuela is politically stable and U.S. companies invest there, oil analysts said following the U.
Nonetheless, the toppling of socialist leader Nicolás Maduro threatens to transform the hemisphere’s crude oil markets – possibly weakening prices – on the prospect of Venezuela’s heavy oil production returning to feed American refineries. That would put it in competition with the Canadian output that dominates U.S. imports.
A regime change in Venezuela could both help that country regain its former prominence as an oil producer and pose a threat to Canada’s industry, which is producing record amounts of oil and is expected to continue to grow for several more years.