• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 10 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 10 mins Ecoside
  • 7 hours Oil at $40
  • 12 mins Japan’s Deflation Mindset Could Be Contagious
  • 14 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 2 hours US Military Spend at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 13 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
  • 4 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 2 days Guaido and the Conoco Award
  • 9 hours Negative Gas Prices in the Permian
  • 9 hours Gas Flaring
  • 1 day Is Canada hosed?
  • 18 hours The Number Increases: Swiss To Support Belt And Road Push During President's China Trip
Alt Text

U.S. Doubles Oil Exports In 2018

The United States nearly doubled…

Alt Text

Oil Bulls Undaunted By OPEC Fears

Fears of OPEC+ abandoning its…

Alt Text

The World’s Most Unorthodox Oil Nation

Norway has followed a quite…

Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

War-Torn Yemen Restarts Oil Exports

Despite a worsening humanitarian crisis in Yemen amid a war between the Houthi rebels and a coalition between Saudi Arabia and the UAE, the poorest Arab country has found a way to restart oil production and has even exported the first cargo: 500,000 barrels from a field in the southern Shabwa province bound for a Chinese company, The National reports.

This is the first outbound shipment of crude oil from Yemen since 2015 when a civil war broke out and quickly escalated into an international conflict. It was offered in an open tender, in which 35 companies from around the world took part, the Yemeni ministry of oil and minerals said in a statement.

Now there are plans to restart the rest of the oil fields in Shabwa and neighboring provinces, the secretary to the oil and minerals minister told The Emirati daily. The provinces are under the control of the elected government that the Houthis are fighting, as a result of the intervention of the Saudi and Emirati forces.

The Houthis have accused Saudi Arabia of stealing more than half of the country’s oil production in collaboration with French Total—a company that has been present in Yemen since before the war.

“Saudi Arabia has set up an oil base in collaboration with the French Total company in the Southern parts of Kharkhir region near the Saudi border province of Najran and is exploiting oil from the wells in the region," Yemeni economic expert Mohammad Abdolrahman Sharafeddin told Fars News Agency of Iran last March. "Sixty-three percent of Yemen's crude production is being stolen by Saudi Arabia in cooperation with Mansour Hadi, the fugitive Yemeni president, and his mercenaries.”

Meanwhile, the Houthis have offered a two-week ceasefire for the Red Sea to the Arab coalition, which, they said, could be extended and expanded if it is received favorably by the Saudis and the Emiratis.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News