Oil Sector Mergers Surge Predicted

0:00Canada's oil sector could see a surge in mergers and acquisitions later this year, if global tensions cool and oil prices settle down. Deloitte's new report points to rising deal activity after a 10-year slowdown, but right now, with West Texas Intermediate Crude hovering around one. $115 a barrel, buyers and sellers can't agree on values. Earlier this week, the U.S. Israel tensions with Iran spiked market volatility, making deals tough to close. British traders bet on calmer times ahead, which could open the door for more action in hotspots, like the Motnie and DuVernay formations in British, Colombia and Alberta. Those areas hold some of the world's top tier assets, loaded with natural gas liquids then move with crude prices. Producers there have nailed cost control and profitability, drawing investor eyes after the oil sands got locked up by big players. Deloitte forecasts West Texas Intermediate averaging $85 a barrel in 2026, dipping to $76.50

1:02in. 2027 and $67.65 in 2028. Alberta natural gas should hit $2.15 per million British thermal units in 2026, rising to $3.20. By 2028, despite a mild winter and slow LNG Canada startup. The worst hit, Qatar's LNG output, hard, spiking prices in Asia and Europe while spotlighting Canada's stable supply potential, setting the stage 4. Smarter capital flows if projects push forward. That's your Canada News Today update, AI powered and always on.