DUBAI/MOSCOW (Reuters) – Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks. The clash of the two oil titans sparked a 25% slump in oil prices on Monday, triggering panic selling and heavy losses on Wall Street’s main stock indexes, already hit badly by the coronavirus outbreak. On Tuesday, Amin Nasser, chief executive of Saudi Aramco said the oil giant would increase supply to 12.3 million barrels per day (bpd) in April for customers …read more
Source:: Yahoo Finance
