He said the Houthis shot down the drone over Yemen's Marib province, a long-contested area home to key oil and gas fields that's been held by allies of a Saudi-led coalition battling the rebels ...

As a result of war, sabotage on oil fields and falling oil prices, oil revenues fell to 3 % of GDP in 2015 from 13 % of GDP in 2013, a drop of $4 billion in a country with a GDP of about $38 billion.

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A team of international experts has completed a mission to transfer more than one million barrels of oil from an abandoned tanker off Yemen’s Red Sea coast. WSJ’s Sune Rasmussen explains what ...

It is anchored near the Ras Isa oil terminal, which is controlled by Yemen's rebel Houthi movement. Its structural integrity has deteriorated significantly since maintenance operations were ...

The FSO Safer has been abandoned since 2015 and is carrying 1.1m barrels of oil The UN has purchased a huge ship that it hopes will prevent an environmental catastrophe off the coast of Yemen.

DUBAI, United Arab Emirates — An oil tanker that burned for weeks in the Red Sea after being attacked by Yemen's Houthi rebels and threatening a massive oil spill has been salvaged, a security ...

Oil prices were slightly higher on Friday as Israeli strikes against Yemen’s Houthi rebels triggered what one strategist described as a “fear bid” for the commodity. West Texas Intermediate ...