(Bloomberg) The U.S. oil market is showing clear signs of tightening on the back of strengthening demand, raising a question about whether the nation’s booming crude exports could slow.
Two key measures of U.S.
Oil prices fell on Thursday but stayed within the tight range they have been in all week, as optimism on the summer driving season in the United States and Europe offset concerns about demand in India and a potential supply increase from Iran.
DUBAI: Rumors about the presence of United Arab Emirates forces on the Yemeni islands of Socotra and Perim are untrue, an official source in the Saudi-led Arab coalition told Saudi state news agency SPA on Thursday.
Perim island – also known as Mayyun in Arabic - is under the control of the coalition and serves to enable the legitimate forces and the coalition forces to confront the Houthi militia, secure maritime navigation, and support the forces of the West Coast.
The current Emirati effort is concentrated with the coalition forces in confronting the Houthi militias by air in defending Marib.
The coalition stressed that respect for Yemen’s sovereignty and territorial unity is one of the deep-rooted principles of the coalition.
During the meeting, the pair discussed issues of common interest, especially in the field of human rights.
The two sides discussed the measures taken to confront the effects of the coronavirus pandemic on the labor market, including Saudi Arabia’s strategy.
They also discussed an initiative to improve contractual relationships for expatriate workers in the Kingdom, which will protect workers’ rights, build an attractive labor market and develop work environments.
Al-Awwad hailed the depth of relations between the Kingdom and Bangladesh, noting the importance of visits between the two sides to exchange views in a way that enhances partnerships and enables the two countries to reach new horizons of cooperation.