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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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The researcher says the group has the ability to develop more Trojans using advanced techniques. (File photo)
February 18th, 2015 - 03:08 GMT

'Desert falcon': Arab countries targeted by cyber criminal group

Al Bawaba
February 18th, 2015 - 02:57 GMT

Hectic year ahead: GCC to award $103 billion worth of construction projects in 2015

Egypt has been suffering from an acute energy crunch as foreign oil companies suspend extraction works on the back of growing arrears as political turmoil.
February 18th, 2015 - 02:51 GMT

A shock? Egypt mulls privatizing energy transmission

Al Bawaba
February 18th, 2015 - 08:25 GMT

Threats are good? Oil prices hit relative 2015 'high'

Al Bawaba
February 18th, 2015 - 07:33 GMT

Pass the blessings: Lebanese economic minister vows crackdown on companies exploiting oil price drop

Al Bawaba
February 17th, 2015 - 09:05 GMT

'Inventory dynamics': oil could slip below $40 in two months time

Lower oil prices are expected to feed through into reduced economic growth in the Gulf Arab state this year.
February 17th, 2015 - 08:38 GMT

Crunch time: UAE banks' profit growth may fall this year

Al Bawaba
February 17th, 2015 - 12:44 GMT

US-Israeli oil drilling commences in Golan Heights

The study reveals that geopolitical events also intensified the migration of new wealth to the region.
February 17th, 2015 - 11:12 GMT

What oil price slump? GCC's private wealth doubles to $2.2 trillion

Al Bawaba
February 17th, 2015 - 04:55 GMT

Unabated: Gulf countries completed $67.6 billion worth of construction projects in 2014

In return, Baghdad would reinstate budget payments to the Kurds, which it had cut early in 2014 as punishment for the region's moves to export oil independently.
February 17th, 2015 - 04:55 GMT

Nothing's permanent, yet: Iraq, Kurdistan final oil deal delayed

Al Bawaba
February 16th, 2015 - 06:40 GMT

Taking their time: GCC countries still in discussions on VAT

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