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Sristi Suman Jayaswal

3 A-Rated Oil & Gas Stocks to Buy for December

Oil CAPL MMLP SGU CrossAmerica Partners LP Sristi Suman JayaswalThe United States

Rising global oil and gas demand, coupled with diminishing supply, may trigger a price surge, thereby providing considerable stimulus to the energy sector. Amid this backdrop, it could be wise to buy fundamentally strong oil and gas stocks Martin Midstream Partners L.P. (MMLP), CrossAmerica Partners LP (CAPL), and Star Group, L.P. (SGU). These stocks are rated – A (Strong Buy) in our proprietary POWR Ratings system.

Although the shift toward renewable energy is gaining momentum, world oil consumption continues to rise. The world oil demand will ascend by 2.3 million barrels per day (mb/d), reaching 101.7 mb/d by 2023. For 2024, the International Energy Agency (IEA) raised global oil demand to 930,000 bpd.

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