博彩对冲

The global oil and gas industry is no stranger to economic or geopolitical turmoil, but even the most seasoned management teams are scrambling to make sense of the systemic uncertainties wrought by US President Donald Trump鈥檚 trade war. Near-weekly pronouncements that change the rules of engagement alongside the administration鈥檚 conflicting signals have roiled markets and left legal, financial and industry experts in a perpetual state of confusion. As oil and gas producers try to make sense of the implications, one thing is certain: The industry鈥檚 post-Covid "future-proof" business models are facing their first major test. Widespread 10% US tariffs on most imports, 25% levies on US steel and aluminum imports, an additional 125% tariff on China as part of an escalating US-China standoff, and the specter of various "reciprocal" and retaliatory measures threaten to upend global trade norms. Trump's temporary "pause" on reciprocal tariffs this week has fanned optimism that tariff action will dissipate. But higher costs, potential for significant supply chain disruptions and threat of a global recession with implications for fossil fuel demand persist as possible disruptors to investment plans. Longer term, Trump鈥檚 actions could accelerate shifts toward a more fractured global political order, with implications for the pace of the energy transition, national oil company (NOC) mandates and aboveground risks.