LONDON (1 October 2015)—The continuing deterioration of security conditions in Yemen has led to several international oil companies withdrawing from their operations in the country, with a once-significant source of global supply being reduced to marginal volumes, says an analyst with research and consulting firm GlobalData. Oil production in Yemen peaked at 441,000 barrels per day (bd) in 2001, but this decreased to 125,000 bd in 2014 and is forecast to fall to as low as 30,000 bd in 2015.

LONDON (Oct. 1, 2015) – The continuing deterioration of security conditions in Yemen has led to several international oil companies withdrawing from their operations in the country, with a once-significant source of global supply being reduced to marginal volumes, says an analyst with research and consulting firm GlobalData.