The Daily Blog
    03.26.15
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    Although Yemen contributes less than 0.2% of global oil output, (133,000 barrels of oil a day), the small country’s location at the southern end of the Arabian Peninsula puts it near the center of world energy trade. As regional powers began bombing rebel targets (on March 26), global oil prices jumped more than 5%. “While thousands of barrels of oil from Yemen will not be noticed, millions from Saudi Arabia will matter, said John Vautrain, head of Vautrain & Co. “Saudi Arabia has been concerned about unrest spreading from Yemen.”

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