U.S. Secretary of State Marco Rubio is set to visit the Jamnagar refinery in Gujarat, owned by Indian billionaire Mukesh Ambani and his group Reliance Industries, as diesel prices surge ahead of the U.S. midterm elections. The International Energy Agency has warned that elevated prices will likely persist into next year. The Jamnagar refinery, the world’s largest and most complex single-site refinery, has a crude processing capacity of 1.4 million barrels per day. The Trump administration is using this trip to explore supplies of refined products, including diesel, and to highlight Reliance’s new refinery project in Texas, the first such project in the United States in fifty years.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
