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Ongoing Houthi attacks on Western trade vessels passing through the Red Sea have already prompted a spate of tankers to divert their course away from the area. Will the trend continue? Sputnik explores.
The CEO of oil giant Chevron on Tuesday warned the ongoing tensions in the Red Sea pose “very real” risks to oil flows and prices as Yemen’s Houthi rebels increase attacks against Israel and commercial shipping in the region. Asked by CNBC about what the Houthi attacks could be for the global oil supply, Chevron…
Chevron CEO Michael Wirth said he is surprised U.S. crude oil is trading under $73 a barrel and that Houthi attacks in the Red Sea pose a "very real" risk to oil prices.
In this piece, we will take a look at ten small-cap energy stocks with strong returns.
Chevron (CVX) CEO Michael Wirth has warned that if tensions were to further escalate in the Middle East, the Red Sea crisis would pose a serious threat to the oil flows and prices.