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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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He said the government is revising its draft budget to assume a base price of $40, from $72 a barrel.
January 26th, 2015 - 04:55 GMT

Pride or lunacy? Iranian govt says it can run the country on below $40 oil

Over 1,000 Saudi businessmen and companies in various sectors are expected to attend the March Economic Summit.
January 26th, 2015 - 04:55 GMT

1000 Saudi businessmen, companies to participate in Egypt's Economic Summit

Iran produced 16.331 million tons of crude steel in 2014, a 5.9 percent rise from 15.422 million tons in 2013.
January 25th, 2015 - 01:20 GMT

Ready to give up oil dependency? Iran Middle's largest steel producer

Al Bawaba
January 25th, 2015 - 12:52 GMT

Wary of swift decisions? Germany abruptly halts arms exports to Saudi Arabia

Al Bawaba
January 25th, 2015 - 12:27 GMT

Amazon makes its first Israeli acquisition

Nakheel had piled up a mountain of debt during five years of rapid growth in Dubai's property sector.
January 25th, 2015 - 09:29 GMT

$1billion and counting: Dubai's Nakheel posts 43% profit surge

Air traffic in Dubai was halted for nearly an hour on Friday due to public misuse of recreational drones near the flight path.
January 25th, 2015 - 05:55 GMT

How is that 'recreational'? Air traffic in Dubai halted due to misuse of 'recreational' drones

Al Bawaba
January 25th, 2015 - 04:55 GMT

Good luck without them: Kuwait to launch largest 'expat crackdown' operation ever

Al Bawaba
January 24th, 2015 - 03:28 GMT

Oil markets not in mourning: prices edge up above $50 over Saudi King's death

Al Bawaba
January 24th, 2015 - 10:59 GMT

A pledge to maintain output: Saudi Arabia's new King Salman keeps oil minister, policy in place

Al Bawaba
January 22nd, 2015 - 05:43 GMT

Oil prices have reached ‘bottom’ but to remain below $100 for next few years

Al Bawaba
January 22nd, 2015 - 05:40 GMT

Around 2.5 million expatriates in Saudi Arabia have little or no education at all

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