Key Market Indicators
Yemeni energy supply is projected to decline significantly over the next five years, according to recent forecasts. By 2028, the nation's energy supply is expected to drop to approximately 2.3 million tonnes of oil equivalent, down from around 3.2 million tonnes in 2023. This represents a compound annual growth rate (CAGR) decline of 4.6% year on year. The trend is part of a longer-term pattern, with Yemeni energy supply having decreased by an average of 0.4% annually since 1976. This ongoing reduction underscores the challenges facing Yemen's energy sector as it grapples with various economic and political issues.
