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Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns
June 20th, 2026 - 01:56 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Oil posts steepest weekly drop in months as US-Iran deal ease supply concerns

ALBAWABA- Global oil prices recorded their sharpest weekly decline in months, with Brent Crude falling about 8% over the week, as a renewed ceasefire between Israel and Hezbollah and progress on the US-Iran agreement eased concerns over potential disruptions to global energy supplies. Although prices edged higher on Friday, markets remained under pressure as geopolitical risk premiums continued to fade amid signs of improving stability in the Middle East. Brent ...
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Al Bawaba
April 23rd, 2015 - 04:55 GMT

Progressive much? Jordan universities now allowed to offer online BA degrees

Al Bawaba
April 23rd, 2015 - 04:55 GMT

A crash diet? Saudi Arabia to trim oil supply to Asia

Al Bawaba
April 22nd, 2015 - 05:42 GMT

Blessed? Emirates Islamic to post double profits

The UAE was the only Arab country in the top five choices identified by Arab youth (image: on file).
April 22nd, 2015 - 05:21 GMT

True or false? UAE top country for Arab youth to live in

Facebook also will relax its previous rule that prevented people from seeing multiple posts from the same source.
April 22nd, 2015 - 03:56 GMT

Facebook to change newsfeed, focus on friends 'you care about'

Al Bawaba
April 22nd, 2015 - 08:20 GMT

Qatar Airways: more Middle East, more Europe

Al Bawaba
April 22nd, 2015 - 08:04 GMT

Will Dubai be the one to help this time around? Abu Dhabi real estate slowdown anticipated

The initial oversupply came mostly from a boom in US shale production, which was turning Americans from OPEC's biggest customer into a competitor (image: on file).
April 22nd, 2015 - 07:30 GMT

Confident oil will rise, OPEC claims to be winning the price war

Al Bawaba
April 22nd, 2015 - 07:12 GMT

'Welcome' to stay: Saudi Arabia says it wont limit stay of expats

Al Bawaba
April 21st, 2015 - 07:21 GMT

Maxed out? US shale oil output to fall for first time in 4 years

“Remittances of Lebanese expatriates increased from $7.86 billion in 2013 to $8.9 billion in 2014.”
April 21st, 2015 - 01:50 GMT

Profitable brain drain: Lebanon's remittances increase to $8.9 billion

Al Bawaba
April 21st, 2015 - 01:44 GMT

A small world after all: Saudi Arabia bans HSBC from taking on more funds

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