After spending the better part of Trump's second term imposing tariffs or threatening to impose tariffs due to India's purchase of Russian crude oil, US seems to be backtracking on those threats. The US Secretary of State, Marco Rubio, arrived in India today (his 2nd visit to India in 6 months), and said India has the capacity to process more Venezuelan crude and expand production through existing oil concessions, although sanctions-related issues remain.
Speaking in Mumbai, Rubio described India as a "refining superpower" with the capacity to process heavy crude, according to news agency ANI.
Rubio chose to skip Delhi and visit Mumbai and Jamnagar (site of world's largest oil refinery owned by billionnaire Mukesh Ambani's Reliance Industries). But he seems to have received a lukewarm welcome in India, received by a Minister from the State Government of Maharashtra (of which Mumbai is the capital) on his arrival at the airport. Nonetheless, Rubio is scheduled to meet India's External Affairs Minister S Jaishankar in Mumbai today.
https://www.moneycontrol.com/news/business/marco-rubio-calls-india-a-refining-superpower-says-it-is-ready-to-process-more-venezuelan-oil-14056017.html/amp
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Submission Statement: After spending most part of Trump’s second term imposing tariffs or threatening to impose tariffs due to India’s purchase of Russian crude oil, US seems to be backtracking those threats. The US Secretary of State, Marco Rubio, arrived in India today (his 2nd visit to India in 6 months), said India has the capacity to process more Venezuelan crude and expand production through existing oil concessions, although sanctions-related issues remain.
Speaking in Mumbai, Rubio described India as a “refining superpower” with the capacity to process heavy crude, according to news agency ANI.
Rubio chose to skip Delhi and visit Mumbai and Jamnagar (site of world’s largest oil refinery owned by billionnaire Mukesh Ambani’s Reliance Industries). But he seems to have received a lukewarm welcome in India, received by a Minister from the State Government of Maharashtra (of which Mumbai is the capital) on his arrival at the airport. Nonetheless, Rubio is scheduled to meet India’s External Affairs Minister S Jaishankar in Mumbai today.
A high-ranking member of a gang of thieves acting as if the resources of a sovereign state they have invaded belong to them.
Will do and say anything that might bring down the price of fuel in the short term. Pure short sided empty rhetoric. If they cared about fuel prices they would not have set this inevitable catastrophe in motion.
nightmare blunt rotation supply chain