U.S. Secretary of State Marco Rubio is visiting Reliance Industries' Jamnagar refinery, the world's largest single-site refinery with capacity of 1.4 million barrels per day, to discuss refining energy from the Western Hemisphere. Rubio said Washington wants to work more closely with Reliance and that India's refining capacity could help diversify its energy supply, hinting at more Venezuelan crude purchases. Reliance has become the biggest buyer of Venezuelan crude outside the U.S. as of end-September, and it has deepened ties with Washington since Trump announced in March a new U.S. refinery backed by its investment. Trump described the project as a $300 billion deal, but Reliance has not confirmed the size of its investment. The visit comes as U.S. diesel prices have surged ahead of midterm elections and are expected to stay elevated into next year.
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