Saudi Arabia increases oil output to record high

Saudi Arabia increases oil output to record high

International benchmark Brent crude traded up over 7% Tuesday at nearly $37 a barrel.. It came a day after Aramco shares collapsed by 10% and were pulled from trading for reaching the Tadawul's maximum permitted loss in a day, dropping its valuation to $1.4 trillion.. State oil giant Saudi Aramco sees shares drop by 10% as Riyadh stock market opens, halting trading.. Saudi Arabia suspends travel to and from Egypt over coronavirus. Egypt denies rumor about providing coronavirus treatment to China. Ethiopia recalls ambassador to Egypt, says not over GERD.