DUBAI/MOSCOW (Reuters) -
Saudi Arabia will raise its crude supply to a record high in April, the kingdom announced on Tuesday, as it ratcheted up a standoff with
Moscow over market share and appeared to reject
Russian overtures for new talks.
The clash of oil titans Saudi Arabia and
Russia sparked a 25% slump in crude prices on Monday, triggering panic selling and heavy losses on Wall Street's main stock indexes, already hit badly by the coronavirus outbreak.
U.S. President
Donald Trump spoke with Saudi Arabia's Crown Prince
Mohammed bin Salman in a call on Monday to discuss global energy markets, the
White House said on Tuesday.