Oil Supply Instability Pushes Prices Up: Trevino

Stefania Cox
By Stefania Cox
January 3, 2024NTD News Today
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Oil prices rose more than $1 a barrel Wednesday after reports of a disruption to Libya’s top oilfield added to supply concerns, emanating from tensions in the Red Sea. Just Sunday, another attack took place there, with the United States defending a shipping container in the Red Sea from Iran-backed Houthi forces. To discuss this and other developments in the region, NTD spoke with Rey “RT” Trevino, vice president of operations at Pecos Country Operating, an oil and gas exploration and production company.