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

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.”

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.