Yemen | Egypt Oil & Gas - Part 3

Hedge Funds Feel After Effects of Yemen Conflict

The June ICE Brent/NYMEX WTI spread settled $1.02 wider at $8.13/barrel Friday after hitting a one-month high early in the session amid ongoing fighting in Yemen and bearish supply pressure in the US.

Aramco Installations Under Threat, Saudi Interior Ministry

Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, Interior Ministry spokesman Mansour Turki said on Monday.

Petsec Energy to Acquire Yemen Blocks

Petsec Energy has executed an agreement with Oil Search Limited to acquire all the shares of its subsidiary Oil Search (ROY) Limited which holds a 34% participating interest in Block 7, Al Barqa Permit, in the Republ ...

Yemen LNG Terminal Deserted by Soldiers, Controlled by Tribesmen

Yemen LNG stops operations at the Gulf of Aden terminal

Egypt Stocks Fall as Yemen Conflict Escalates

Egypt stocks plummeted on Sunday for the second consecutive session as the regional conflict in neighbouring Yemen pushed local investors to sell.

Speculators Caught Between Energy Glut and Yemen Violence

Speculators were the least bullish on crude in two years before prices surged as Saudi Arabia and its allies bombed rebels in Yemen, threatening supply disruptions in the largest oil-producing region.

Bombing Yemen Could Threaten Red Sea Oil Transit Choke Point, Experts Say

While Yemen contributes less than 0.2% of global oil output, its location puts it near the center of world energy trade.

Yemen Oil Revenues in Sharp Decline

The Yemeni central bank says the nation’s oil revenues suffered a drop of about $1 billion or 37% in 2014 due to plunging crude prices and attacks on the impoverished country’s pipelines.

Yemen LNG Continues Despite Maintenance, Violence

Yemeni exports of liquefied natural gas (LNG) are running as normal despite one production plant, or train, undergoing planned maintenance, Total CEO Patrick Pouyanne said.

Houthis Seek Control of Strategic Strait

Attention is increasingly fixed on the Houthis’ advance in Yemen. Since last summer, the rebel group has laid siege to the capital Sanaa. Last month, they seized the presidential palace. This past weekend, they took ...

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