A report published by Deloitte on Wednesday stated that the comprehensive tariffs imposed by US President Donald Trump will lead to higher operating costs, disrupt supply chains, and weaken investment momentum in the oil and gas industry by 2026. These measures are expected to have a significant impact on the sector, creating uncertainty and increasing costs for companies. Experts warn that such a policy could slow down the industry's development and lead to a loss of competitiveness in the global market.
Trump's Tariffs to Impact Oil and Gas Industry
Deloitte report warns Trump's tariffs will raise costs, disrupt supply chains, and weaken oil and gas investment by 2026.