Mar.10 — Saudi Arabia escalated its oil price war with Russia on Tuesday, with its state-owned company Aramco pledging to supply a record 12.3 million barrels a day next month, a massive production hike to flood the market. Moscow responded within minutes in what looked like a war of words, with Alexander Novak, the country’s energy minister, saying Russia had the ability to boost production by 500,000 barrels a day. Annmarie Hordern reports on “Bloomberg Daybreak: Americas.”
Oil, gas and mining