No respite in Yemen
The oil price collapse dims hope of an energy sector revival, while civil war grinds on
Few would have bet on conflict in Yemen, which began in March 2015, lasting more than a year. Now few are betting that it will come to an end in 2020. And any hope that, when the fighting does finally cease, bumper revenues from oil and LNG exports might help the country out of its current morass has been severely dented by the collapse of global oil prices. Yemen was never a major oil exporter, but the regeneration of its energy sector is regarded as a key element in the country’s gradual return to something approaching normal life. Oil production fell from 316,000bl/d in 2008 to 153,000bl/d in 2014, a year before the outbreak of war. It then dropped away completely as international oil com
Also in this section
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
9 April 2026
Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
