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Oil prices continue to fall, with Brent crude slipping below $77 as the Iran ceasefire holds and concerns over the Strait of Hormuz ease.

Business Staff Writer -
Oil benchmarks Brent and WTI continue their decline as ceasefire conditions calm Gulf supply concerns. Crude oil prices extended losses in Asian trading on Wednesday...

Petrofac’s downfall: Inside how the Dh27.5 billion company left UAE employees to recover 70% of their dues.

Business Staff Writer -
After months of waiting, former UAE staff of Petrofac accepted partial settlement following the company’s collapse. Dubai: Petrofac was once a leading name in energy...

Brent crude declines to $77.90, with Russian Urals slipping to $61.19.

Business Staff Writer -
Risk premiums are unwound in trading, with Brent falling and WTI slightly rising. Oil prices were mixed in early Asian trading on Tuesday as investors...

After a six-month wait, Petrofac UAE employees recover 70% of their outstanding dues.

Business Staff Writer -
Former employees said that most received the payout after months of pressure and negotiations. Dubai: Former Petrofac employees in the UAE have received a significant...

Oil markets turn mixed as Brent falls to $79 on Iran–Israel halt to offensive, easing geopolitical tensions

Business Staff Writer -
Markets are waiting for a lasting truce before removing the geopolitical risk premium from crude prices. Oil prices traded mixed in Asian markets on Monday...
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