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Swift Saudi recovery returns oil markets to 'business as usual' - IEA

Published 11/10/2019, 09:00
© Reuters.  Swift Saudi recovery returns oil markets to 'business as usual' - IEA

LONDON, Oct 11 (Reuters) - Global oil markets largely

weathered attacks on oil sites in Saudi Arabia last month, the

International Energy Agency said on Friday, as the world's top

crude exporter swiftly recovered from the greatest single outage

to global supply in modern times.

"Oil markets in September withstood a textbook case of a

large-scale supply disruption," the Paris-based agency said in a

monthly report, in a section headed "Business as usual".

"Prices fell back as it became clear that the damage,

although serious, would not cause long-lasting disruption to

markets."

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