In 2023, Cuba used approximately 3.5 million tonnes of crude oil and oil products for electricity generation, based on available data. This estimate comes from the fact that Cuba’s energy supply relies heavily on oil products, which account for over 80% of power generation, and the country consumed around 153,000 barrels per day of oil in 2016, with a significant portion allocated to electricity production.
MAY Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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