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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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Amman has dropped 14 places from 89 to 103 in Mercer’s 2014 Cost of Living Survey, which shows the most expensive expatriate destinations in the world.
July 27th, 2014 - 04:16 GMT

No blaming refugees here! Amman drops 14 spots in list of most expensive cities

US oil production has embarked on an unprecedented 50 percent rise over the past four years as new drilling techniques allowed oil to flow from vast shale reserves
July 27th, 2014 - 03:54 GMT

A game changer for the ME's oil exporters? Exxon eyes major refinery expansion in the US

Al Bawaba
July 24th, 2014 - 01:27 GMT

Dubai International Airport passenger traffic up by 6.2 percent in H1

Al Bawaba
July 24th, 2014 - 12:55 GMT

The UAE's largest bank, Emirates, enjoys even higher profits

Al Bawaba
July 24th, 2014 - 11:39 GMT

Majid Al Futtaim reports 14 percent revenue increase in H1

Al Bawaba
July 24th, 2014 - 11:22 GMT

Leading Kuwaiti investment company, KIPCO, on track to meet goals

Al Bawaba
July 24th, 2014 - 11:07 GMT

Budget airline flydubai launching direct flights to Mumbai this fall

Al Bawaba
July 24th, 2014 - 09:56 GMT

Not just war and blood! Lebanon sees tourism hike of 90 percent in June

ADPC’s commercial ports handled 6.4 million freight tonnes (FT) of general cargo in the first half of this year
July 24th, 2014 - 07:31 GMT

Cargo increase of 37 percent through Abu Dhabi

Al Bawaba
July 23rd, 2014 - 10:28 GMT

Dubai International to be the world's busiest airport in 2014

Al Bawaba
July 23rd, 2014 - 10:27 GMT

Rising rents to take their toll on UAE consumer confidence

The Dubai Metro commuters will be able to avail its services for longer hours during the Eid Al Fitr holidays
July 23rd, 2014 - 09:57 GMT

Let the festivities commence! Dubai Metro to run till 1am during Eid Al Fitr holidays

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