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
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region
14 May 2024
The former CEO of Pioneer, Scott Sheffield, has opened a can of worms through his association with OPEC+ and its market management strategy
13 May 2024
OPEC+ has huge amounts of spare capacity amid a tightening market, but nothing can be taken for granted given unclear economic trajectories and geopolitical unrest