Yemen's oil recovery thwarted by continued conflict
An attack on an oil pipeline in government-held south of the country underlines the dire predicament of its energy sector
It seems things can't get any worse and then they do. Yemen was a bankrupt nation before the most recent descent into violence. Oil and natural gas offered at least a limited lifeline, but now that's as good as gone. In the early years of this century oil production reached 424,000 barrels a day. Today it's barely a trickle. While the latest attack on an oil pipeline, in Shabwa province in southern Yemen, won't directly impact the ailing energy sector, it will send yet another negative message to foreign firms thinking of returning to Yemen or investing there in the future. The south is nominally under government control, but it's clear that lawlessness hasn't been eliminated and al-Qaida re
Also in this section
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix
8 May 2024
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain
7 May 2024
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year