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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 22nd, 2015 - 04:55 GMT

Moody downgrades Russia to 'junk' status

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

Political ramifications: Yemen foreign exchange reserves stabilise but borrowing balloons

Hilton’s quarterly adjusted profit narrowly missed market expectations despite a 7 per cent rise in revenue.
February 20th, 2015 - 07:58 GMT

Diverging fortunes: Hilton forecast disappoints, Marriott profit beats estimates

Aramco has been seeking to make inroads into more advanced chemicals to diversify away from its oil and basic petrochemicals businesses.
February 19th, 2015 - 11:07 GMT

What's going on? World's largest oil exporter Aramco seeking $10 billion loan

Al Bawaba
February 19th, 2015 - 10:11 GMT

A step forward: Qatar to launch pay reform for migrant workers

Al Bawaba
February 19th, 2015 - 10:00 GMT

What about Emiratization? Dubai targets foreign talent with new ‘Tafdeel’ initiative

Al Bawaba
February 19th, 2015 - 07:39 GMT

Away from Israel? Egypt, Jordan discuss energy cooperation

Al Bawaba
February 19th, 2015 - 01:16 GMT

Senior personalities named: Swiss authorities raid HSBC in money laundering probe

Al Bawaba
February 19th, 2015 - 01:05 GMT

Jinxed much? Oil prices fall sharply again after US crude inventories rise

Al Bawaba
February 19th, 2015 - 09:27 GMT

Bye bye youth unemployment? Linkedin launches in Arabic

Al Bawaba
February 19th, 2015 - 04:55 GMT

No more 20-hour cuts? Qatar, Pakistan seal 15-year gas supply deal

Al Bawaba
February 18th, 2015 - 08:36 GMT

A debbie-downer: oil prices might be up but analysts are expecting a downward correction

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