Despite the ongoing shift to renewable energy sources, oil and gas is unlikely to see any fall in demand. In fact, many analysts believe that the long-term demand for oil and gas is expected to remain steady. In the near term, the oil and gas industry could benefit from the demand recovery in the Chinese market and the escalation of tensions in the Middle East.
Given this backdrop, it could be wise to consider investing in these fundamentally strong energy stocks.
Before diving deeper into the fundamentals of these energy stocks, let’s understand what’s shaping the industry’s prospects.
This post originally appeared at StockNews.com.