Low oil prices have significantly impacted mergers and acquisitions (M&A) activity, causing deals to slow down in recent months. The decrease in oil prices has reduced revenue for energy companies, making them less likely to engage in M&A activities.
As a result, many M&A transactions are either being put on hold or canceled altogether. This trend is expected to continue until the global economy shows signs of recovery and oil prices return to pre-pandemic levels.
Source: https://www.ft.com/content/e28334c5-0979-4e14-9222-effec06f6eba