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A drone attack launched by Yemen's Houthi movement against the Shaybah oilfield in Saudi Arabia last weekend has caused a fire at a gas plant but had no impact on oil production. A Houthi military spokesman said that the group had targeted the Shaybah oilfield with 10 unmanned aerial vehicles, in what he described as the "biggest attack in the depths" of the kingdom. Saudi Arabia’s Energy Minister Khalid al-Falih called the Shaybah oilfield a "vital facility", and in comments published by the official Saudi Press Agency said that "the target of this attack is the safety of global oil supply, not just the kingdom; it constitutes a threat to the global economy." Sinues," a Houthi military spokesman told the group's Al Masirah TV.

China National Petroleum Corp – which is known to be a major buyer of Venezuelan oil – has halted August loadings from Venezuela following the latest U.S. sanctions threat, Reuters reported on Monday citing 3 sources with direct knowledge of the matter. On August 5, U.S. President Donald Trump issued an executive order that threatens to freeze the U.S. assets of any person or company determined to have "materially assisted" the Venezuelan government.