Oil price slumps again as Saudi Arabia shoots for 13 million bpd

Oil prices retreated on Wednesday as Saudi Arabia ordered state-owned Aramco to boost its spare capacity in the oil war against Russia

Bold moves: Saudi Energy Minister Prince Abdulaziz bin Salman
Bold moves: Saudi Energy Minister Prince Abdulaziz bin SalmanPhoto: AP/SCANPIX
Published 11 March 2020, 10:41Updated 11 March 2020, 11:51