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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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Kuwait has no plans to cut its own crude production, which should increase to 4 million barrels from a current by 2020,
November 11th, 2014 - 07:20 GMT

Keep calm and carry on: OPEC will not slash oil output

Al Bawaba
November 11th, 2014 - 06:21 GMT

London's 'suggestive' Gherkin tower sold to Safra Group

"We need to put policy on it. We need to put an order to it so we can do something regarding consumption."
November 11th, 2014 - 02:01 GMT

The tide is shifting: Petrol subsidy reform looms over Kuwait

“The Shah Gas Project is on track to commence production in 2014."
November 11th, 2014 - 01:29 GMT

The worst time possible? UAE invested $70 billion to boost oil an gas output

Shell reached an agreement with the Ministry of Petroleum on shale gas pricing for which Shell will begin production trials soon.
November 11th, 2014 - 04:55 GMT

'Too costly': Shell to abandon water exploration in Egypt

.Zain Iraq, the country's No.1 mobile operator by subscribers, will launch long-awaited high-speed 3G services in January
November 11th, 2014 - 04:55 GMT

A long overdue 'gamechanger': Zain Iraq to introduce 3G to the country

Markets should not panic over the recent plunge of oil prices because the situation will resolve itself,
November 11th, 2014 - 02:01 GMT

Rational or delusional? OPEC boss says oil price situation will 'fix itself'

It will hire more than 500 captains and first officers over the next three years as part of its large-scale global campaign.
November 11th, 2014 - 01:21 GMT

Etihad airlines to go on pilot hiring rush

Al Bawaba
November 10th, 2014 - 05:20 GMT

Saudi Ministry of Labor fines over 74,000 firms

Al Bawaba
November 10th, 2014 - 04:55 GMT

WhatsApp new 'blue checks' feature already unpopular

Iran’s relations with the West have thawed since relative moderate Hassan Rouhani was elected president last year seeking to end Iran’s international isolation.
November 10th, 2014 - 12:47 GMT

History in the making? US, EU, and Iran commence nuclear negotiations in Oman

Al Bawaba
November 10th, 2014 - 12:33 GMT

A very 'disgruntled' friend: Kuwaiti investors threaten to prosecute Egypt in international courts

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