Middle East
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
Yemen exploded into international focus in late-2023 when Houthi shipping attacks in the Red Sea and Gulf of Aden forced a major reroute of global trade flows. Internally, factions remain divided with hydrocarbon exports having ground to a halt.
2024 In Numbers
| Crude Output | 10,000 | b/d |
| Oil Exports | zero | - |
| Oil Imports | 71,000 | b/d |
| Population | 39 | mn |
Geopolitical Risk
30 May, 2025
Featured
OMV Finalizing Yemen Departure After Planned Sale Falls Through
Austria’s OMV is walking away from its Yemen operations at the end of May, after a planned sale agreed in 2023 fell through.
Yemen: Political Control & Oil Infrastructure
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
SELECTED DATA
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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