The Economic Times

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

The White House is exploring using the Defense Production Act to boost oil refining capacity. This consideration follows President Trump's meeting with nearly a dozen U.S. refiners. Refiners suggested expanding existing plants or improving efficiency over new construction. U.S. refinery utilization has reached 98%, highlighting current operational limits. The administration seeks to address global supply disruptions and rising fuel prices.