Latin America · CUB
Cuba
A fuel-oil grid on Venezuelan and Mexican barrels. Blackouts are the industrial policy.
Oil production
0.0 mb/d
0.1 mb/d demand
Net oil
-0.1 mb/d
Import gap
Gas production
1 bcm
Net -0 bcm
O&G rent
1.8%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.0 mb/d
Consumption0.1 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production1.0 bcm
Consumption1.2 bcm
Proven oil
0 bn bbl
Gas reserves
0.0 tcm
Refining
0.0 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil77%
- Gas23%
Economy
Every cargo is geopolitics. Domestic heavy oil is sour and declining.
- GDP
- $0.1 tn
- Population
- 11.0 m
- Oil intensity
- 0.5 bbl /$1k
- Oil & gas rent
- 1.8% GDP
- Hydrocarbon trade
- 4.6% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -11.0 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.2 mb/d (net -0.1) versus NZE 0.1 mb/d (net -0.1).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.1 | 0.1 | 0.2 | 0.2 |
| Net Zero 2050 | 0.1 | 0.1 | 0.1 | 0.0 |
| Current Policies | 0.1 | 0.2 | 0.2 | 0.2 |