U.S. Secretary of State Marco Rubio will visit Reliance Industries’ Jamnagar refinery to explore deeper cooperation on Western‑hemisphere crude, amid rising U.S. diesel prices and a push for Venezuelan oil.
Posts tagged as “oil”
Brent crude has climbed above $106 as Iran steps up tanker attacks in the Strait of Hormuz and global oil stocks dwindle, prompting OPEC to forecast stronger demand next year.
A prolonged deadlock at the Strait of Hormuz has tightened fuel markets, prompting analysts to warn that oil could climb to $120‑$140 a barrel if traffic does not improve.