Oil Industry ‘Bracing for a Crisis’ as Tariffs Roil Market—WoodMac / Latest / By mark Oilfield services companies say they’re navigating short-term uncertainty and maintaining long-term confidence while tariffs and increased OPEC production could increase costs up to 4% onshore and 14% offshore. Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Related