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White House weighs how to use Defense Production Act to expand US oil refining capacity, sources say

Source: reuters.com

Energy Markets & PricesGeopolitics & WarInfrastructure & DefenseFiscal Policy & Budget
White House weighs how to use Defense Production Act to expand US oil refining capacity, sources say

The White House is considering use of the Defense Production Act to expand U.S. oil-refining capacity amid conflict with Iran and heightened exposure to global crude-supply disruptions. The potential policy response underscores risks of oil-price spikes and insufficient domestic refining capacity, with possible implications for U.S. energy infrastructure and petroleum markets.

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