Pentagon Shifts Energy Strategy Amid Rising Oil Consumption

The U.S. Defense Department is shifting its energy strategy in response to its massive consumption of oil, which stands at around 300,000 barrels per day.

The Pentagon has been working to alter the way it secures its energy sources, a move that reflects the increasing scrutiny on energy security in the United States.

In other developments, China and Rosneft are locked in a dispute over tariffs for crude deliveries via the Eastern Siberia-Pacific Ocean (ESPO) pipeline, with Rosneft expressing confidence that a resolution will be reached.