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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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He also said OPEC would need to see how badly the market was oversupplied and for signs of demand picking up.
December 17th, 2014 - 06:18 GMT

Playing with oil? OPEC signals 'wait and see' approach could last a year

Al Bawaba
December 17th, 2014 - 06:11 GMT

The prophecies keep getting worse: Emirates CEO says oil prices could fall as low as $30

The Egyptian government has finished upgrading the airport in the resort town of Hurghada,
December 17th, 2014 - 05:39 GMT

Egypt doubles Red Sea airport capacity in anticipation of more tourists

Al Bawaba
December 17th, 2014 - 03:17 GMT

Dubai rents are far from affordable, but have at least 'stabilized'

Last week, both 95-octane and 98-octane gasoline fell by LL800 and are now priced at LL26,400 and LL27,100 (17 USD and 18 USD).
December 17th, 2014 - 02:26 GMT

The happier side: fuel prices in Lebanon drop

The lira's tumble comes amid concerns about wider emerging-market weakness
December 17th, 2014 - 04:55 GMT

Backfiring? Turkish Lira hits record low amid media crackdown, Russia concerns

Alarab will feature expert opinion from renowned guests and never-before-seen social media interaction with its viewers, it said.
December 17th, 2014 - 04:55 GMT

Watch out, Al-Jazeera: Al-Waleed Bin Talal's new tv channel to air Feb. 1st

Al Bawaba
December 17th, 2014 - 04:55 GMT

Turkish defense firm launches Jordan subsidiary

Abdel Nour is expected to hold the council’s first meeting tomorrow to review future plans and the most important proposals for developing bilateral relations.
December 17th, 2014 - 01:36 GMT

A milestone? Egyptian-Chinese business council formed

Al Bawaba
December 16th, 2014 - 11:12 GMT

Finally, some happy news! Oil price drop likely to lead to lower airfares next year

Dana warned the KRG could face sanctions if the autonomous region failed to pay the money to its consortium,
December 16th, 2014 - 03:29 GMT

Missed deadlines: London arbitration court orders Kurdistan to pay Dana gas $100 million

Al Bawaba
December 16th, 2014 - 03:20 GMT

On FBI alert: Iran hackers 'may target US energy, defence firms'

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