Russian oil supply reached a new high of 11.08 million barrels a day in February, according to the OPEC report, with the country adding 10,000 barrels to its daily production since January. Saudi Arabia increased its daily output by 14,000 barrels in February, to 10.14 million barrels per day. Source: CNN Money
Supreme leader rejects Trump’s offer as foreign minister questions whether US president is ‘serious about talks’. Source: Al Jazeera
Elon Musk said Saudi Arabia’s sovereign-wealth fund has approached him several times over nearly two years about providing financial support to take Tesla Inc. private, as the chief executive sought to explain his claim to have funding for a possible deal. Source: The Wall Street Journal
PetroChina Co. may temporarily halt purchases of U.S. liquefied natural gas spot cargoes through the winter to avoid potential tariffs amid a trade conflict between the U.S. and China, according to people with knowledge of the strategy. Source: Bloomberg
