Oil, That Is…

“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.” Saudi Arabia, Russia raise stakes in oil standoff.

+ “The oil price collapse has sent shockwaves through financial markets. But the geopolitical earthquake could reach even farther.” The excellent Jason Bordoff: Why This Oil Crash Is Different. (And what it could mean for American energy companies.)

+ WaPo: White House likely to pursue federal aid for shale companies hit by oil shock. (Shale to the chief!)