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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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Even at current oil prices, analysts estimate Qatar’s state budget might break even next year; it has huge fiscal reserves to cover any deficits.
December 16th, 2014 - 04:55 GMT

Confidence or denial? Qatar expects boom in economy despite oil price slide

Al Bawaba
December 15th, 2014 - 06:55 GMT

Slow and ‘stubborn’ wins the race? UAE minister says OPEC won’t change output even if oil hits $40

Prices are set to remain under $100 oil a barrel
December 15th, 2014 - 06:55 GMT

No complaining for oil importers! Jordan to revise 2015 budget based on lower oil prices

Al Bawaba
December 15th, 2014 - 04:55 GMT

Worse than adultery? Iran arrests 12 people for embezzling billions of dollars

Al Bawaba
December 15th, 2014 - 04:55 GMT

Forget Hamas: Israel's widening social gap a 'strategic threat'

Al Bawaba
December 15th, 2014 - 03:26 GMT

Perfect timing for some? Libya's largest oil port shuts down

Dubai’s stock market was the world’s best performing this year until it was caught up in a regional sell off amid tumbling oil prices.
December 15th, 2014 - 03:16 GMT

2014's gains officially erased by oil: Dubai index no longer world's best performing

Al Bawaba
December 15th, 2014 - 03:05 GMT

Egypt's stock market loses $3 billion in one day

Al Bawaba
December 14th, 2014 - 06:28 GMT

More like the ‘gold’ lining? Oil price fall a golden opportunity to switch to clean energy, says IEA

Al Bawaba
December 14th, 2014 - 06:17 GMT

Keeping up the fight for market share? Saudi oil production inches up in November

Al Bawaba
December 14th, 2014 - 05:55 GMT

Some grace, please: Iraq asks Kuwait to accept delay in 1990 war reparations

Al Bawaba
December 14th, 2014 - 05:55 GMT

Ex-HSBC staffer accused of trying to sell espionage data in Lebanon

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