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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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Fourth-quarter growth held steady at 7.3 percent from a year earlier, slightly better than expectations.
January 21st, 2015 - 04:55 GMT

The double-digit spell comes to an end: China's GDP growth hits 24-year low

Al Bawaba
January 21st, 2015 - 12:00 GMT

Oil steadies at $49 after IMF cuts growth forecast

Al Bawaba
January 20th, 2015 - 12:50 GMT

True or false? Saudi Arabia can withstand 8 years of low oil prices

Al Bawaba
January 20th, 2015 - 10:16 GMT

Suez canal leak halts construction; Government denies workers missing

Al Bawaba
January 20th, 2015 - 04:55 GMT

Harmony restored? Qatar's Emir to attend Egypt's economic summit

Al Bawaba
January 19th, 2015 - 08:04 GMT

Oman Drydock hands over 300th vessel

Al Bawaba
January 19th, 2015 - 01:44 GMT

Saudi NADEC sees 7 percent net profit increase over 2013

Al Bawaba
January 19th, 2015 - 11:24 GMT

UAE company bets on renewable power in Egypt amid energy crisis

Al Bawaba
January 19th, 2015 - 10:31 GMT

Bankers surprised as Egyptian pound starts year at historic low

The Gulf’s largest listed company earned SAR4.36 billion ($1.16 billion) in the three months to Dec. 31 compared to SAR6.16 billion a year earlier,
January 19th, 2015 - 04:55 GMT

Oil slump slashes SABIC’s profits by 29%

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

Giving up on oil? Oman opens 'state-of -the-art' 1.3 billion gas plant

The high interest in buying investment certificates for the Suez Canal project was part of the reason why Egypt witnessed stabilisation in 2014, the report said.
January 19th, 2015 - 04:55 GMT

'Notable improvement' in Egypt's confidence levels, says World Bank

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