Market Chatter: White House Looking to Expand US Oil Refining Capacity via Defense Production Act

01:13 PM EDT, 09/11/2026 (MT Newswires) -- The White House is mulling ways it can use the Defense Production Act to expand US oil refining capacity, Reuters reported Friday, citing two sources familiar with the plans. The suggestion to use the act occurred in a recent meeting between President Donald Trump and nearly a dozen US refiners, the report said, citing the sources, who added that no final decisions were made and that participants expected conversations to continue. The White House didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 165.36, Change: +0.13, Percent Change: +0.08