The energy industry is poised for sustainable growth driven by the stable demand for oil and gas. Although crude oil prices have remained rangebound for a while now, expectations of interest rate cuts this year, the extension of voluntary output cuts by OPEC+, a fast-recovering Chinese economy, and ongoing geopolitical tensions could bolster oil prices in the long term.
Amid this backdrop, investors could consider buying fundamentally strong energy stocks Inpex Corporation (IPXHY), Graham Corporation (GHM), and MV Oil Trust (MVO). Before exploring the fundamentals of these stocks, let’s first understand what’s shaping the energy industry’s prospects.
