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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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Cyprus, a member of the European Union, is anxious to develop the gas reserves in its so-called exclusive economic zone -- an offshore region lying south of the island.
October 31st, 2014 - 12:01 GMT

Please stop: Greece, Egypt, Cyprus urge Turkey to quit 'illegal' gas search

Al Bawaba
October 31st, 2014 - 11:49 GMT

The leap beyond banking: halal vaccine market to hit $1.1 billion by 2030

Al Bawaba
October 30th, 2014 - 02:24 GMT

And they said BDS is BS! Sodastream shuts down factory as profits slide

Top officials said that they are not looking at demand on a year by year basis but what happens over the longer term.
October 30th, 2014 - 01:00 GMT

As if one wasn't enough: Dubai aiming for world's tallest twin towers

The price of benchmark North Sea Brent crude has dropped more than a quarter from a high above $115 per barrel
October 29th, 2014 - 07:29 GMT

'Don't Panic' says OPEC Secretary General

The report notes that children of single-parent families are in the worst situation.
October 29th, 2014 - 07:00 GMT

Another bad policy? Israel has fourth worst child poverty rate in the Western World

Al Bawaba
October 29th, 2014 - 05:55 GMT

Not just refugees: Leading Syrian businessmen to establish center for rebuilding Syria

Al Bawaba
October 29th, 2014 - 02:08 GMT

Scapegoating or economic reality? Syrian refugees claim 91% of Jordanian private sector jobs

Brent is set to average $85 a barrel in the first quarter, down from a previous forecast of $100.
October 28th, 2014 - 05:56 GMT

A self-fulfilling prophecy? Not really. Goldman Sachs slashes oil price forecast, brings prices further down

Al Bawaba
October 28th, 2014 - 05:30 GMT

First Macy's outside the US to open in the UAE

Al Bawaba
October 28th, 2014 - 05:16 GMT

Do something! US urges Arab Banks to choke IS funding

Al Bawaba
October 28th, 2014 - 04:50 GMT

A burst bubble? IMF says Dubai risk for property market crash mildens

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