U.S. Secretary Marco Rubio to Visit Reliance Industries' Refinery as Diesel Prices Rise
U.S. Secretary of State Marco Rubio is set to visit the world's largest oil refinery in Jamnagar, India, owned by billionaire Mukesh Ambani’s firm Reliance Industries. The trip comes amid surging diesel prices in the U.S., which are impacting truckers, farmers, and shippers ahead of midterm elections. The Trump administration has been seeking ways to ease fuel costs, including pausing sanctions on Russia earlier this month to allow increased oil supplies into global markets. Reliance Industries is investing heavily in a new refinery project in Texas—the first major U.S. development in 50 years—and also plays a key role as one of the largest buyers of Venezuelan crude outside the U.S. The visit underscores growing economic ties between the Trump administration and Ambani, who has been strengthening relationships with American officials through business investments.
Topics: midterm elections oil and energy policy U.S.-India relations
Part of the story U.S. Secretary Marco Rubio to Visit Reliance Industries' Refinery as Diesel Prices Rise (2 articles)