Saudi Keeps Sending Oil Through Houthi-Menaced Red Sea
- Saudi oil producer continues using Red Sea for crude, products
- Impact mainly on cost, ship availability, downstream head says
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Saudi Aramco, the world’s largest oil company, is continuing to send tanker loads of crude and fuels through the southern Red Sea, where Houthi militants have for months been menacing merchant ships in response to the Israel-Hamas war in Gaza.
“We’re moving in the Red Sea with our oil and products cargoes,” Mohammed Al Qahtani, who heads Aramco’s refining and oil trading and marketing businesses, said in an interview at the company’s headquarters in Dhahran. The associated risks are “manageable,” he said.