Oil prices settle lower after biggest annual loss since 2020
The Peninsula
Doha, Qatar: Oil prices settled lower on Friday on the first trading day of 2026 after registering their biggest annual loss since 2020, as investors...
Doha, Qatar: Oil prices settled lower on Friday on the first trading day of 2026 after registering their biggest annual loss since 2020, as investors weighed oversupply concerns against geopolitical risks.
Brent crude futures settled at $60.75, while US West Texas Intermediate (WTI) crude finished at $57.32. For the week, Brent rose 0.2 percent and WTI rose 1.0 percent, noted Al-Attiyah Foundation in its Weekly Energy Market Review.
Kyiv has been intensifying strikes against Russian energy infrastructure, aiming to cut off Moscow’s sources of financing for its military campaign.
Meanwhile, the Trump administration ratcheted up pressure on Venezuelan President Nicolás Maduro on Wednesday, imposing sanctions on four companies and associated oil tankers it said were operating in Venezuela’s oil sector.
Maduro said his country is willing to accept US investment in its oil industry and coordinate efforts to combat drug trafficking.
Doha, Qatar: As part of its efforts to humanise cities and improve urban services, the Ministry of Municipality (MoM) implemented the first phase of t...
Doha, Qatar: As part of its efforts to humanise cities and improve urban services, the Ministry of Municipality (MoM) implemented the first phase of t...
Britain s Fletcher and Qatar s Haidan also claim victories in Grand Prixevents as first Tour of H H The Father Amir s Prix wraps up Doha, Qatar: Br...
New York: Venezuela s deposed president Nicolas Maduro is scheduled to appear before a federal judge in New York at noon Monday, to be formally notifi...
Moscow: The Mayor of Moscow Sergei Sobyanin said that 23 Ukrainian drones launched toward the Russian capital were shot down on Sunday. Sobyanin ad...
Manchester: Enzo Fernandez dealt a massive blow to Manchester City s Premier League title hopes with a 94th minute equaliser to snatch a 1 1 draw for...
Ankara: Turkiye s industrial sector achieved its highest annual exports on record in 2025, reaching a value of USD 194.8 billion. Data released by...
Lagos: Nigeria s drug enforcement agency Sunday said it had arrested 22Indian crew members of a merchant ship after 31.5 kilogrammes of cocaine was fo...
Doha, Qatar: Chairman of theDIMDEXOrganising Committee, Staff Brigadier (Naval) Abdulbaqi Saleh Al Ansari, stated: DIMDEXstands today as a testament...
Madrid: Gonzalo Garcia bagged a hat trick for Real Madrid as they beat Real Betis 5 1 on Sunday to stay on La Liga leaders Barcelona s tail. Spanis...
NAIROBI: Kenya has formally ended over two decades of protection for its sugar industry and will now allow cheap sugar imports from the Common Market...
Brasilia: Brazil s interim Foreign Minister Maria Laura da Rocha on Saturday said Brazil recognizes Venezuela s Vice President Delcy Rodriguez as the...
Abuja:At least 30 people were killed, and others abducted in an attack carried out by gunmen on a market in Niger State, central Nigeria. Police sa...