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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
January 18th, 2015 - 03:01 GMT

Where's rock bottom? No floor price in horizon for oil

Al Bawaba
January 18th, 2015 - 08:40 GMT

Reliable aid: Japan to provide $360 million to Egypt's energy, infrastructure and technology sectors

Al Bawaba
January 18th, 2015 - 04:55 GMT

A bright idea: Dubai launches new mega solar project

Al Bawaba
January 18th, 2015 - 04:55 GMT

Time to react: Qatar mulls penalising firms over delayed migrant wages

Al Bawaba
January 18th, 2015 - 04:55 GMT

A terrifying prophecy: oil prices could fall to $25, says Lukoil

“Iran’s trade delegations have launched attempts to introduce investment opportunities of Iran to the other countries,” Moqimi asserted.
January 17th, 2015 - 04:55 GMT

Grand plans: Iran capable of absorbing $500 million worth of investments

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

Coming to terms with reality? Iran lowers oil price for yearly budget to $40

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

Turkey's controversial construction projects saved by recent amendments

Al Bawaba
January 15th, 2015 - 04:55 GMT

Feigning things: 42% of Saudi health institutes issue fake sick notes

Al Bawaba
January 15th, 2015 - 04:55 GMT

'Commercially unfeasible': Shell, Qatar scrap petrochemical project amidst oil price plunge

Al Bawaba
January 15th, 2015 - 04:55 GMT

Flying high: Flydubai to issues $500 million worth of sukuks on NASDAQ

Airbus was dealt a blow in June when Emirates canceled an order for 70 A350s.
January 14th, 2015 - 08:07 GMT

Record 629 planes: Airbus beats Boeing in plane delivery rate race

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