Official Oil
Energy Department to Use Defense Production Act Funding to Restart American Refinery and Expand Refining Capacity
CEII brief
US Department of Energy reported on 23 Oct 2026: Energy Department to Use Defense Production Act Funding to Restart American Refinery and Expand Refining Capacity.
Read the full story on US Department of EnergyPresident Donald J. Trump today announced plans to provide up to $150 million in Defense Production Act Title III funding to expand domestic petroleum production, storage, and logistics at refineries across the United States.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
17.3% of United States’s merchandise exports were fuels in 2025Countries in this story
Original reporting © US Department of Energy. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
