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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
December 31st, 2014 - 05:28 GMT

2014's dramatic farewell: Oil heads for biggest annual drop since 2008

Al Bawaba
December 31st, 2014 - 01:36 GMT

It's all related: Russia economic turmoil to take toll on Dubai airport traffic

Al Bawaba
December 31st, 2014 - 01:13 GMT

Both sides blame one another: Libya's one week fire destroys 1.8 million barrels of oil so far

Last year, a former Israeli electric company director was sentenced to six years imprisonment as part of the affair.
December 31st, 2014 - 04:55 GMT

Israel arrests 6 in Siemens worldwide bribery scandal

Al Bawaba
December 31st, 2014 - 04:55 GMT

Forget Saudi Arabia for a moment, Algeria will be posting an even bigger deficit due to plunging oil prices

Al Bawaba
December 31st, 2014 - 12:18 GMT

The unstoppable downslide: oil prices hit 5-1/2 year low

Al Bawaba
December 30th, 2014 - 11:19 GMT

Saudization's biggest contender? 682000 Saudi women say no to private sector jobs

Al Bawaba
December 30th, 2014 - 03:34 GMT

Eat, pray, love style? Middle East spenders buy more holidays, less ‘things’

In a Sunday statement, Hamas slammed the Palestinian Unity Government, stating that “Gaza has seen no real progress” over the last six months.
December 30th, 2014 - 04:55 GMT

Empty promises? Reconstruction aid to Gaza put 'on hold'

Al Bawaba
December 30th, 2014 - 04:55 GMT

The post-'highest spending in history' year: Saudi Arabia projects much 'bigger than expected' deficit for 2015

Al Bawaba
December 29th, 2014 - 02:09 GMT

Savings for DERV users in the UAE: Emarat lowers diesel price by 20 fils

Al Bawaba
December 29th, 2014 - 02:00 GMT

Just in - Ruble, Won and Rand: DGCX launches three new Emerging Market currency futures

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