US upstream M&A surges to $38B despite market volatility
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US upstream M&A reached $38 billion in Q1 2026, driven by major deals like Devon-Coterra and Mitsubishi-Aethon. Factors such as high oil prices, LNG export growth, and limited shale output are fueling consolidation. Analysts predict Brent crude will average $95 in 2026, with possible spikes due to Middle East tensions.
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