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The race for oil: will Jamaica be the next country to drill and what does that mean for its green pledges?

The Guardian Business Thursday 28 May 2026, 12:00 UTC By Sarah Johnson 1 min read
Key Points

With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producerJamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s south coast earlier this year identified hydrocarbons, which suggest the presence of crude oil below ground.Jamaica imports all its fuel, which costs about $1.5-2bn (£1.1bn-1.5bn) annually, depending on global oil prices. It is a persistent drag...

With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producer

Jamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s south coast earlier this year identified hydrocarbons, which suggest the presence of crude oil below ground.

Jamaica imports all its fuel, which costs about $1.5-2bn (£1.1bn-1.5bn) annually, depending on global oil prices. It is a persistent drag on an economy that generated $4.3bn from tourism, its biggest earner, in 2024.

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Originally published by The Guardian Business Read original →

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