Chevron CEO says Houthi attacks in Red Sea pose 'very real' risks to oil flows and prices

Chevron CEO Michael Wirth said Tuesday the ongoing attacks by Houthi rebels on shipping vessels in the Red Sea poses "very real" risks to oil flows and prices. "It's a very serious situation and seems to be getting worse," Wirth told CNBC in an interview at the World Economic Forum in Davos, Switzerland.He noted that Chevron, a giant in the industry, has ships that transport oil through the Arabian Gulf and the Red Sea regularly. The company has been following the Houthi attacks "very closely" to monitor th ...