Economics Brent crude futures steadied above $107 on Friday and were poised to end the week with a marginal gain, their first in four, but prices are likely to remain under pressure as the outlook for the global economy, and fuel demand, remains weak. More from Arabian Business Lebanese Energy and Water Minister Gebran Bassil said Thursday he expects companies to be invited to start bidding for oil and gas excavation licenses before the end of this year, should everything go according to plan. “The executive decrees concerning oil and gas exploration are supposed to be issued soon. We should have done this work before, but as they say ‘it’s better late than never,’” Bassil said. More from The Daily Star Royal Dutch Shell, RWE and TransGlobe Energy have won concessions in Egypt’s first licensing round since the 2011 revolution in a sign that international oil firms are
