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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
February 23rd, 2015 - 07:33 GMT

Fighting the US for shale, as well as oil? Aramco extends bidding for unconventional gas work

Al Bawaba
February 23rd, 2015 - 07:12 GMT

'Diversifying': Egypt to auction 8 oil and gas exploration deals

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

New Mercedes cars unveiled in Bahrain

The impact of tenants choosing to remain in their accommodations rather than relocate to another location has also contributed to the slowdown in the growth of rents, Asteco added
February 22nd, 2015 - 06:40 GMT

About time: Dubai's rents to soften in 2015 due to increasing supply

Al Bawaba
February 22nd, 2015 - 06:29 GMT

T'is the season: snow, skiing entice more tourists to Lebanon this month

Al Bawaba
February 22nd, 2015 - 02:15 GMT

'Exceptional presence': Rolls-Royce develops all-new luxury model

Al Bawaba
February 22nd, 2015 - 12:03 GMT

A collasal loss: $200 billion worth of projects cancelled due to low oil prices


"This does not mean that the market is dull. There is still good demand for the properties," he added.
February 22nd, 2015 - 11:43 GMT

Catching it from Dubai? Qatar rents up 20%, may stabilize over oil price crash

Visa card holders in Saudi Arabia came in first place in terms of spending, spending $35.18m during the first half of the festival.
February 22nd, 2015 - 11:32 GMT

Priorities: Egyptians spend $10.18 using their credit cards at Dubai's Shopping Festivals

Al Bawaba
February 22nd, 2015 - 11:15 GMT

Un(likely) allies: Israel-India announce 'substantial' defense venture

Al Bawaba
February 22nd, 2015 - 05:55 GMT

Five-member consortium wins bid for Doha's driverless metro

Al Bawaba
February 22nd, 2015 - 04:55 GMT

It's tea time! Dubai factory to become world's largest tea maker

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