Story perspectives

US Oil Dealmaking Plummets 60% Amid Supply Surge

7/27/2025

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Summary

Story summary

US upstream oil and gas dealmaking fell 60% in H1 2025 to $30.5 billion, influenced by price volatility.
Global oil supply is expected to increase by 1.8 million barrels per day, outpacing demand growth of 700,000 barrels.
Australian unconventional gas projects, such as Beetaloo Energy's stimulation, demonstrate sector viability.
Hedge funds are pivoting to energy refining and diesel, capitalizing on supply constraints and geopolitical issues.
The refining sector must diversify due to underutilization and emerging projects.

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Story summary

US upstream oil and gas dealmaking fell 60% in H1 2025 to $30.5 billion, influenced by price volatility.
Global oil supply is expected to increase by 1.8 million barrels per day, outpacing demand growth of 700,000 barrels.
Australian unconventional gas projects, such as Beetaloo Energy's stimulation, demonstrate sector viability.
Hedge funds are pivoting to energy refining and diesel, capitalizing on supply constraints and geopolitical issues.
The refining sector must diversify due to underutilization and emerging projects.