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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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 S&P said that Oman and Bahrain were the most vulnerable to any drop in oil prices while Qatar and the UAE were the least vulnerable.
November 9th, 2014 - 11:53 GMT

Can the same be said about real estate? Dubai 'insulated' from oil price slide

According to various estimates, IS receives $1 million to $3 million from illegal transactions of Iraqi oil every day.
November 9th, 2014 - 05:55 GMT

Down the drain: Iraqi economy losing $1.2 billion each month on Kirkuk-Ceyhan pipeline

Al Bawaba
November 9th, 2014 - 04:55 GMT

El-Sisi to meet with largest US business delegation since 2011 revolution

Al Bawaba
November 6th, 2014 - 06:23 GMT

Maybe if you believe it enough, it will happen: OPEC says oil demand will soar 60%

Rolls said its restructuring plan would result in incremental costs of about £120 million ($192 million, 154 million euros) over the next two years.
November 6th, 2014 - 05:49 GMT

Not so fancy: Rolls Royce to fire 2,600 workers

Al Bawaba
November 6th, 2014 - 05:10 GMT

Post-fatal clash second thoughts: Abu Dhabi Fund holds off decision on commercial flight to space

Apple is one of the companies that is eager to enter this huge, relatively untouched market, which has a craze for high-tech gadgets.
November 6th, 2014 - 04:43 GMT

Apple denies negotiations, but Iran is already 'making up its mind' on where to locate its first Apple store

French Foreign Minister Laurent Fabius had hailed the conclusion of the deal as a major boost to the Lebanese army's ability to tackle "terrorism".
November 6th, 2014 - 04:26 GMT

Christmas treats? France to deliver Saudi-purchased weapons to Lebanon early 2015

US light crude was down $2.00 at $76.78 a barrel. It touched a session low of $75.84, its weakest since October 2011.
November 6th, 2014 - 04:55 GMT

Rock bottom? Not yet. Oil prices officially hit four year low

The reality is that women working from home can be more productive in some tasks such as accounting, scheduling and responding to customers’ inquiries.
November 6th, 2014 - 04:55 GMT

At least it's not in the kitchen: 77% of Saudis want home employment for women

Al Bawaba
November 5th, 2014 - 11:00 GMT

Development at its finest: Egypt allocates 20 free slots of land to Carrefour

“The budget of the Kingdom of Saudi Arabia depends 90 per cent on oil … I’ve already said that this is a huge mistake,” said the prince.
November 5th, 2014 - 09:09 GMT

He's worried, rightfully so: Al-Waleed Bin Talal asks his country to stop 'huge mistake' and establish sovereign wealth fund

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