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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 9th, 2015 - 05:06 GMT

Gulfood 2015: World’s biggest Food Trade Show opens

Brent crude, the benchmark for more than half the world’s oil, jumped 9.1 per cent last week, bringing gains in the past 10 days to 18 per cent, the best two-week rally since 1998.
February 9th, 2015 - 11:59 GMT

It's all relative: Saudi stocks lead Gulf rally after oil’s best week since 1998

Al Bawaba
February 9th, 2015 - 10:57 GMT

A magic wand? Etihad-Backed Jet Airways posts first profit since 2012

The government has projected a record $38.7 billion budget deficit for 2015 because of the plunge in oil prices.
February 9th, 2015 - 10:47 GMT

Coming to terms with reality: Saudi central bank governor calls for energy subsidy reform

Al Bawaba
February 8th, 2015 - 08:12 GMT

Dubai drops on list of world's most dynamic cities

Al Bawaba
February 8th, 2015 - 07:59 GMT

Stronger oil may support gulf stock markets

Jobs, high living costs and economic opportunities are the main worry for most Tunisians.
February 8th, 2015 - 07:35 GMT

Grand ambitions: Tunisia's new prime minister vows growth and reform

This comes despite the continuing deteriorating price of oil, with Ali Al-Naimi keeping his post as Saudi Arabia’s oil minister under King Salman
February 8th, 2015 - 01:45 GMT

Did the deed: King Salman's 'freebies' boosted economic activity

Al Bawaba
February 8th, 2015 - 05:55 GMT

More ludicrosity: Underwater villas go on sale on at Dubai's World Islands

Al Bawaba
February 8th, 2015 - 04:55 GMT

No more energy 'crunch'? Egypt working on oil and gas exploration deals worth $9.2 billion

Al Bawaba
February 8th, 2015 - 04:55 GMT

Israel's foreign reserve currency continues to fall

Al Bawaba
February 6th, 2015 - 09:01 GMT

Saudi, Dubai stocks pull back as oil prices fall

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