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Global oil markets well supplied, says IEA after attack on Saudi oil facility

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The International Energy Agency (IEA) said on Tuesday that global oil markets remained well supplied after an attack on Saudi Arabia’s oil facility a day earlier by Yemen’s Houthi group.

The IEA said the attack on the Jeddah oil facility is a “reminder of need to remain vigilant for threats to energy security.”

Read more: Saudi Aramco: Customers unaffected by Houthi attack on Jeddah petroleum facility

A projectile launched by Iran-backed Houthis in Yemen caused a fire at a petroleum products distribution station in Jedda, the Arab Coalition's spokesman Colonel Turki al-Maliki said on Monday.

-- With Reuters