Reported about 14 hours ago
A Deloitte report reveals that U.S. President Trump's tariffs will raise operating costs and disrupt supply chains in the oil and gas industry by 2026, potentially delaying over $50 billion in investment decisions. Tariffs on crucial materials like steel and aluminum may increase costs by 4% to 40%, compressing industry margins and creating uncertainty in sourcing. As a result, companies might shift to more resilient supply chains and renegotiate contracts to mitigate risks.
Source: YAHOO