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FINANCIAL NEWS
Middle East oil shortage drags world supply
31 Jul 2013
(MENAFN) Sharply reduced oil supply in the Middle East due political conflicts in the region has contributed to higher oil prices to reach more than USD100 a barrel against increasing demand, reported Saudi Gazette.
The region’s tightening supply came at a rough time, as the North Sea in under prolonged summer maintenance causing supply shortage, also as the Russian Ural crude has been injected to China on high demand at the expense of Europe.
It’s worth mentioning that supply losses are forecasted to soar from 700,000 barrels per day (bpd) to hit 1 million bpd if Sudan shuts the oil pipelines, according to Reuters calculations and industry sources.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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