Carriers burn an extra 100,000 oil barrels on the Red Sea crisis
Ships are sailing 3% longer than before the Houthis began targeting shipping in the Red Sea, says Vitol’s chief executive.
by DAG HOLMSTAD
The shipping industry is now burning an extra 100,000 barrels of oil a day because the crisis in the Red Sea has forced carriers to send ships south of Africa instead, says Vitol chief executive Russell Hardy according to Reuters.
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