Haitham Al Ghais
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OPEC Plus to Boost Oil Production as Ceasefire in Iran Remains Elusive
Prince Abdulaziz bin Salman al-Saud, Saudi Arabia’s minister of energy, left, and OPEC’s secretary general, Haitham Al Ghais at an economic forum in St. Petersburg, Russia, last week.
Oil prices today: Crude falls as Hezbollah rejects US-backed ceasefire
Oil prices fell slightly on Friday as hopes for a ceasefire in the Middle East faded following Hezbollah's rejection of a US-backed proposal in Lebanon. Brent crude slipped 0.22% to $95.24 a barrel, while US West Texas Intermediate (WTI) crude fell 0.11% to $92.94 a barrel in early trade. Despite Friday's decline, both benchmark contracts were on track to record their first weekly gain in three weeks.