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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 8th, 2015 - 11:41 GMT

Not the right time: UAE firms delay IPO's

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

Delusions of grandeur? 'European airlines can't keep up with us,' says Qatar Airways chief

The strong greenback makes dollar-priced oil more expensive for buyers using weaker currencies, and this weighs on demand and prices.
January 7th, 2015 - 11:35 GMT

A 'psychologically signficant' benchmark: oil slips below $50 for first time since global recession days

Al Bawaba
January 7th, 2015 - 11:20 GMT

Egyptians expatriate remittances triple Suez Canal revenues, says World Bank

Al Bawaba
January 7th, 2015 - 04:55 GMT

Not selling itself: Arabtec denies acquisition rumours

One Egyptian cotton trader said planted acreage had dropped last season to around 350,000 feddans.
January 7th, 2015 - 04:55 GMT

Dubbed as the country's 'white gold', Sisi unsubsidizes Egyptian cotton

But a new court ruling on Monday overturned that decision, according to the bourse statement.
January 6th, 2015 - 05:17 GMT

Dodging a bullet: Ooredoo Kuwait wins court appeal against $125 million fine

Al Bawaba
January 6th, 2015 - 12:47 GMT

Sounds better: Jordan to import gas from Gaza Marine field

Al Bawaba
January 6th, 2015 - 11:50 GMT

It's all about oil, no matter what they say: Dubai shares down most in the world in the past 48 hours

Up to $3 billion of Brent contracts will be bought versus $1.14 billion of WTI contracts, the bank estimated.
January 6th, 2015 - 11:41 GMT

Fresh lows: oil prices slip slightly below $50, edge up again

Al Bawaba
January 6th, 2015 - 04:55 GMT

Desperate times? Oman Air declares cost cutting journey

Al Bawaba
January 6th, 2015 - 04:55 GMT

Extended losses: Gulf markets slide as oil plunges below $55

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