VOICED : Petroleo: Cuba intenta blindarse ante la crisis venezolana

A Chinese drill is exploring for oil off Cuba's north coast, crucial due to reduced Venezuelan oil imports. Cuba's oil, heavy and used for electricity, covers 40% of its consumption. Venezuelan oil imports, once 100,000 barrels daily, have dropped by 40% since 2014. Cuba supports Venezuela amid its economic crisis, hoping for resolution. Oil export revenues from Venezuela fell from $500 million in 2013 to $15 million in 2016. If Venezuelan oil stops, Cuba faces significant economic challenges, needing to spend heavily on oil imports, impacting its already struggling economy.

What new insight or understanding did you gain from this video?