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US seeks partnership with Reliance Industries to refine Western energy supplies at Jamnagar refinery.

Market News
21 Oct 2026
CNBC
View Source
Bullish
US seeks partnership with Reliance Industries to refine Western energy supplies at Jamnagar refinery.

US Secretary of State Marco Rubio is visiting Reliance Industries' Jamnagar refinery, the world's largest single-site refinery, to discuss collaboration on refining Western Hemisphere energy supplies. Rubio highlighted Reliance's capacity to process heavy crude and India's role as a "refining superpower," emphasizing the potential for India to diversify its energy sources, including Venezuelan crude. This visit also aims to advance a major US-India refinery investment deal, with implications for global energy supply amid rising US diesel prices. The partnership could strengthen energy ties between the US and India while addressing supply chain diversification.

Regarding U.S. Secretary of State Marco Rubio's visit to Reliance's Jamnagar refinery, here is Pluang's snapshot of the Energy sector as of Oct 21, 2026 11:11 WIB: Out of 79 priced US Energy stocks, 44 rose and 33 fell today. Notable movers include PBF Energy Inc. Class A with a price of USD 82.97 and a 1-day change of +2.10%, where Pluang order activity was 100% Sell and 0% Buy with a typical hold time of 3 days; Halliburton Company at USD 33.66, +2.06%, with Pluang order activity 16% Sell / 84% Buy and a typical hold time of 89 days; and Noble Corporation plc at USD 43.18, down -1.95%, with 100% Sell orders and a 27-day typical hold time on Pluang.

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