Yemen

Yemen’s ongoing conflict has turned the relatively unimportant country into a regional flashpoint, and center of the Saudi-Iran showdown. IOCs, including Yemen LNG operator Total, have fled the country.

State of Play

War-torn Yemen remains a theatre for competing for Saudi and Iranian regional ambitions. But oil output is quietly creeping up. Crude exports from the eastern Marib basin restarted in August 2016 and averaged 44,000 b/d in 2017. With Austria's OMV restarting output in April 2018, an IOC presence is no longer unthinkable.

2019 In Numbers

Crude Output	0.06	mn b/d
Crude Exports	0.04	mn b/d
Oil Rig Count	0	-
Gas Rig Count	0	-

Geopolitical Risk

21 Feb, 2025

Featured

Restarting Yemen’s Oil And Gas Exports

Yemen is set for a third straight year of zero oil exports with the Houthis blockading shipments. A restart would need a peace deal. But this looks a long way off.

Yemeni Oil Production And Exports Fell During The Civil War And Crashed After Late-2022 Houthi Attacks (‘000 b/d)

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NEWS IN BRIEF

US Designates Houthis Foreign Terrorists

7 Mar, 2025

Houthis: ‘Red Sea Is Open’

24 Jan, 2025

Houthis Strike Tel Aviv

19 Jul, 2024

Houthis Sink Second Ship

21 Jun, 2024

Yemen Reshuffles Ministers

29 Mar, 2024

Houthi Strikes Risk Sinking Ship

23 Feb, 2024

Yemen Oil Province Stand-Off

16 Feb, 2024

Hopes Rise Over Yemen Tanker Rescue

14 Apr, 2023

Yemen Oil Product Imports (‘000 b/d): Ras Issa Increasingly Important Hub For Oil Imports

Yemen Oil Product Imports (‘000 b/d): Ras Issa Grows As Houthi-Controlled Ports Dominate Imports

Gross Output* From Yemen’s OMV-Operated S-2 Block Has Been Steadily Declining Since Restarting In 2018 (‘000 b/d)

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Middle East