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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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The 12-nation OPEC group, including the world's biggest crude producer Saudi Arabia, will meet on November 27 in Vienna
November 17th, 2014 - 10:32 GMT

Output likely to remain constant: OPEC braces itself for 'toughest meeting ever'

The project includes a new port, a new base for the Qatar Emiri Naval Forces and the Qatar Economic Zone 3.
November 17th, 2014 - 10:19 GMT

Qatar awards $4.2 billion worth of ports contracts

Al Bawaba
November 17th, 2014 - 09:28 GMT

Not just selfies: Facebook secretly working on 'professional' site

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

Dubai gets intellectually 'friendlier'

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

More than disgruntled: Iran slams oil producers for not cutting output

Souq.com has also boosted its headcount to over 2,000 employees to cope with orders for the weekend, with additional warehouse space rented.
November 17th, 2014 - 04:55 GMT

Souq.com plots MENA black Friday

Al Bawaba
November 16th, 2014 - 10:03 GMT

Innovation is the buzzword that could help the UAE’s development

Al Bawaba
November 16th, 2014 - 08:45 GMT

Dubai’s top construction firm Drake & Skull profits drop in Q3

Al Bawaba
November 16th, 2014 - 08:17 GMT

Jordan Mines Co profits rise to $32.5 million in 2014

Al Bawaba
November 16th, 2014 - 07:59 GMT

Etihad flying high after becoming largest shareholder in Alitalia

Al Bawaba
November 16th, 2014 - 07:30 GMT

Saudi Build 2014 deemed success after four day convention

Al Bawaba
November 16th, 2014 - 06:54 GMT

Australian PM Tony Abbott promises $2 trillion to meet global GDP target at G20

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