Oil Executives Flag Increased Costs from Trump's Tariffs
The executives of two oil companies warned this week that tariffs resulting from the U.S. administration's trade policies were driving up costs across the energy production chain and affecting investment decisions.
TotalEnergies CEO Patrick Pouyanne told the Energy Intelligence Forum in London on Tuesday that tariffs on steel were pushing up costs for liquefied natural gas (LNG) projects.
In June, Trump signed an executive proclamation hiking tariffs on steel and aluminium imports to 50%...
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