Interesting.....times in the energy markets ...close to CUBA and...

Interesting.....times in the energy markets ...close to CUBA and with Angola moving out of OPEC+ .. Sonangol is the sole concessionaire for the exploration of liquid and gaseous hydrocarbons in Angola’s subsoil and continental platform....

https://www.bloomberg.com/news/articles/2024-01-03/angola-left-opec-to-help-sustain-oil-production-above-1-million-barrels-a-day?embedded-checkout=true

Cracks in Angola’s 16-year membership in OPEC first started to show in June, when officials from the country abruptly exited a meeting of the group in Vienna after African members were put under pressure to reduce their quotas.

After the country’s output limit was slashed to 1.11 million barrels a day at the group’s November gathering, it vowed to ignore the restriction. Angola’s current government is more aligned with the US and Western oil companies, so a break from OPEC+, which is dominated by Russia and Saudi Arabia, fits into its strategic vision, Besseling said.

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Cuba's closest allies of course are communist countries like Russia, Venezuela , China etc ...

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then of course just over the Gulf we have Mexican energy issues ...looking like huge investment is needed to divest from just USA dominance in Gas supply going forward.


https://www.forbes.com/sites/nathanielparishflannery/2023/12/15/whats-ahead-for-mexicos-energy-sector/?sh=72ff4d2622a3

Lopez Obrador claims that as early as 2024 Mexico will stop importing gasoline as refinery capacity increases. He has injected billions into Pemex in order to calm investor concerns about Pemex’s ability to make payments on its $110 billion outstanding debt.


-Oil companies offer $382M for drilling rights in Gulf of Mexico in last offshore sale before 2025-

The results demonstrate that the oil and gas industry “is working to meet growing demand and investing in the nation’s long-term energy security,’' Hopkins said. “Just as today’s record U.S. production was supported by investment and policy decisions made years ago, new leasing opportunities are critical for maintaining American energy leadership for decades to come.’'