Welligence North America Q2 2025 M&A Quarterly | Muted deal activity in Q2 as market caution persists
July 9, 2025
In Q2 2025, only one small deal was announced, with activity muted due to ongoing market volatility. Last quarter’s drop to US$59/bbl, driven by trade-related moves from the Trump administration, was followed by a brief jump to US$75/bbl after tensions in the Middle East.