AcquisitionsMergers And Acquisitions To Spike Alongside Oil Prices By Tsvetana Paraskova - Feb 17, 2022, 6:00 PM CST With oil prices now firmly above $90 we will likely see a surge in deals in 2022, with the potential of M&A activity booking a multi-year high. While oil prices may be high, the pool of both public and private buyers is shrinking due to ESG concerns and questions surrounding the longevity of the industry. While higher oil prices are likely to drive more deals, the lower buyer pool around the world means the valuations of the deals are unlikely to jump.