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2026-09-11T19:29:12.000Z

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Tesla Seeks European Freight Market

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Dollar Gains on U.S. Inflation Data

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Head of State supports Emirati students abroad

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19 Hrs2026-09-11T18:20:00.000Z
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US evaluates Defense Production Act for oil refining

The American administration, led by the White House, is studying the use of the Defense Production Act to increase the country's oil refining capacity, aiming to address weak global oil supplies and rising fuel prices that have been worsened by the conflict with Iran. The government is working on expanding refining capabilities by improving the efficiency of existing refineries or expanding current facilities. Data indicates that the operational rate of American refineries has reached 98%, yet prices remain high due to global supply shortages and strong demand. This move is part of the government's efforts to combat rising gasoline and diesel prices, reduce dependence on imported oil, especially amid efforts to increase Venezuelan oil imports through agreements with private oil companies.

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