Back to News
Market Impact: 0.55
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

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.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly negative
Sentiment Score
-0.20
More News
- Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
- Saudi Arabia says East-West pipeline hit by drones launched from Iraq
- The Houthis have created a new front in the Middle East oil war that’s pushing up prices
- A Fed hike next week seems certain after the latest inflation data. Here's what's ahead
- Core CPI Hikes Ahead of FOMC Meeting
- The inside story on the historic U.S.-Venezuela oil deal and how it will work