Pemex Halted Cuba Fuel Exports in Second Quarter
The state oil company ceased shipments to Cuba as US trade pressures mount for international exporters.
Updated on Oct. 6, 2026 in Oil and Gas
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Pemex recorded zero fuel sales to Cuba between April and June 2026, according to a September 8 SEC filing. This development marks a complete pause in exports to the island after a period of active trade.
Why it matters
The cessation of exports removes a significant diplomatic and regulatory friction point for the company regarding the USMCA trade framework. It also mitigates sanctions-adjacent risks for investors concerned about the January 2026 executive order targeting oil suppliers to Cuba.
Pemex exported MXN 256.2 million in petroleum to Cuba during the first half of 2026, which matches the Q1 total and accounts for 0.1% of total export revenue. This follows 2025 activity that saw daily crude shipments reach 15,000 barrels.
The players
Pemex
The Mexican state-owned petroleum company that manages national oil production, refining, and international exports.
Servicios Logísticos Integrales Mumiya
A wholly owned Pemex subsidiary responsible for the logistics and export of crude and fuel products.
The details
Pemex historically conducted these transactions through its wholly owned subsidiary, Servicios Logísticos Integrales Mumiya. The company sources the crude and fuels through its various operating units before exporting them to the destination. The pause in shipments follows a January 29, 2026 executive order from the United States authorizing tariffs on entities that supply oil to Cuba.
Timeline
July 2023: Pemex began exporting crude and fuels to Cuba.
January 29, 2026: US executive order authorized tariffs on Cuba's oil suppliers.
March 31, 2026: The export subsidiary changed its name from Gasolinas Bienestar.
April to June 2026: Pemex reported no new fuel sales to Cuba.
September 8, 2026: Pemex signed the Form 6-K SEC filing.
Market Landscape
The halt of these exports aligns with broader efforts to remove diplomatic irritants for Washington regarding the upcoming USMCA review. It also marks a departure from the 2025 volume of 15,000 barrels of crude shipped daily to the island.
Operators in sectors tied to regional trade should monitor how Pemex manages its remaining export portfolio under the current US tariff regime. Keep a close watch on SEC filings for any shifts in subsidiary activity that might signal a resumption or permanent end to these specific trade routes.
The takeaway
The pause in sales highlights the impact that targeted US executive orders can have on state-backed international energy flows. Businesses should track regulatory shifts regarding sanctioned nations to assess the potential for abrupt supply chain or revenue changes in their own export markets.
Further reading
For broader trends in international energy trade and regulatory compliance, explore our Oil and Gas section.
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