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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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Al Bawaba
September 14th, 2014 - 01:34 GMT

Skyrocketing: Dubai's inflation hits five year high

Al Bawaba
September 14th, 2014 - 03:55 GMT

Don't hold your breath: new iPhone 6 Plus pre-order shipments to be delayed by a month

Al Bawaba
September 14th, 2014 - 03:55 GMT

Less 'Made-in-China': China's factory output crumbles to six-year low

Al Bawaba
September 12th, 2014 - 07:09 GMT

No fun: Jordan raids facility producing 40% of Kingdom's pirated CD's, DVD's

Abdel Nour said the government has begun taking concrete steps to address the current energy crisis in Egypt.
September 11th, 2014 - 09:49 GMT

Rekindling the fire: Egypt to consult with IMF about venues for mutual cooperation

Al Bawaba
September 11th, 2014 - 08:55 GMT

No drumbeats here: Apple quietly kills off the iPod Classic

Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
September 11th, 2014 - 01:47 GMT

A 'remarkable slowdown': oil hits two-year low as supplies flood in

Al Bawaba
September 11th, 2014 - 03:55 GMT

Dubai relaunches ambitious mega-project to attract 120 million passengers a year

"It's become obvious that workplace safety is a vital issue. A plan of action will be put together and unveiled," Arinc, who is also the government spokesman, told reporters.
September 11th, 2014 - 03:55 GMT

Elevator incident places turkey's worker safety, or lack thereof, under the spotlight again

“Saudi Arabia has already shown strong interest in strengthening its green building presence."
September 11th, 2014 - 03:55 GMT

Green flag, green economy: Saudi Arabian investments in green projects to exceed $26 billion

"Importing natural gas from Cyprus is very feasible for Jordan as Cyprus has a very good reserve of natural gas that can contribute to meeting Jordan's needs of gas," he added.
September 11th, 2014 - 12:01 GMT

Israeli gas not doing it? Jordan, Cyprus to agree on gas deals 'within weeks'

The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt.
September 10th, 2014 - 03:31 GMT

Despite the IMF's lack of involvement: GCC aid will be 'enough' to keep Egypt afloat, says Merril Lynch

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