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In this article, we discuss the 10 best energy stocks to buy now. If you want to skip our industry overview, take a look at the 5 Best Energy Stocks to Buy Now . The Covid-19 pandemic was difficult for the energy sector. Global travel restrictions brought on by the Covid-19 outbreak reduced demand for oil by more than 30 million barrels in 2020. Oil prices entered negative territory for the first time ever, driving budget reductions and substantial capital restraint among energy producers. Only a few years later, oil and gas prices have reached their highest levels in almost a decade in the wake of the Russian-Ukraine conflict, compelling numerous countries to reassess their energy requirements. Following the start of the conflict, global oil prices soared to more than $120 per barrel. The wholesale price of gas in Europe also increased by 10% due to imminent supply limitations by Russian energy giant Gazprom. Given the increase in oil and gas prices, investors’ interest in energy companies has increased significantly. While higher oil and gas prices are good for industry margins and profits, the sector nevertheless will need to transition to renewable energy in the future. Given climate change […]
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