Trump Directive to Boost US Oil and Fuel Production Via DPA
Hyperdash NewsCommoditiesThe White House is weighing the use of the Defense Production Act to expand U.S. oil refining capacity, according to sources. This follows a meeting between President Trump and nearly a dozen refiners. Refiners reportedly favor federal support for expanding existing plants or boosting efficiency over building new facilities.
This consideration comes as U.S. refinery utilization has reached 98%. The move is seen as a way to address the country's vulnerability to global crude supply disruptions. In the minute since the news was published, 
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