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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 12th, 2015 - 04:44 GMT

The chicken and the egg: Goldman Sachs oil price slashed forecast brings prices down to six year low

Al Bawaba
January 12th, 2015 - 03:50 GMT

Venenzualan, Iranian attempts to get OPEC to cut output 'hits brick wall'

Al Bawaba
January 12th, 2015 - 04:55 GMT

After Iran, Venezuelan president arrives in Saudi Arabia in hopes to settle oil crisis

Al Bawaba
January 12th, 2015 - 12:55 GMT

Desperate for a change: Egypt inks six new energy deals

Al Bawaba
January 12th, 2015 - 12:41 GMT

Dubai visas become 'costlier and non-extendable'

Al Bawaba
January 11th, 2015 - 11:46 GMT

It's American business, after all: US judge allows Iraq to sue Kurdistan over Texas oil tanker

Al Bawaba
January 11th, 2015 - 11:40 GMT

A formidable task: Iran, Venezuela vow to 'neutralize' oil prices

Al Bawaba
January 11th, 2015 - 05:55 GMT

Worst timing ever? Kuwait awards $4.2 billion of heavy oil development contracts

Al Bawaba
January 11th, 2015 - 04:55 GMT

Betting on a two decade boom: Dubai Aluminum sings $1.8 billion deal

Al Bawaba
January 9th, 2015 - 11:34 GMT

Egypt’s inflation jumps to 9.8% in December

Al Bawaba
January 9th, 2015 - 01:40 GMT

No the usual French or German choicel: Abu Dhabi's new financial free zone to use English common law

Al Bawaba
January 8th, 2015 - 05:43 GMT

Qatar Airways to operate world's first A350 XWB

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