Deloitte Warns Tariffs Could Increase Costs and Delay 2026 Oil and Gas Projects

Deloitte projects that upcoming tariffs may raise expenses and cause schedule setbacks for oil and gas developments starting in 2026.

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Terms & Concepts
  • Tariffs: Taxes or duties imposed by a government on imported or exported goods, potentially increasing costs for projects that rely on foreign materials or equipment.
  • Oil and Gas Projects: Large-scale industrial developments focused on the exploration, extraction, refining, and delivery of oil and natural gas resources.