30-October-2025
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Tariffs to Raise Costs, Delay Oil and Gas Projects in 2026, Report Says
29-Oct-2025

U.S. President Donald Trump's sweeping tariffs are set to raise operating costs, disrupt supply chains and weaken investment momentum for the oil and gas industry in 2026, a report published by Deloitte showed on Wednesday. WHY IT'S IMPORTANT The energy industry relies heavily on global supply chains and internationally sourced materials such as drilling rigs, valves, compressors and specialized steel are central to their operations.

News Source:- https://money.usnews.com/investing/news/articles/2025-10-29/tariffs-to-raise-costs-delay-oil-and-gas-projects-in-2026-report-says