The energy services sector shows robust growth prospects, accelerated by global oil and gas demand and a surge in production and exploration. Given this backdrop, quality energy services stocks Graham Corporation (GHM), Newpark Resources, Inc. (NR), and Liberty Energy Inc. (LBRT) could be profitable portfolio additions this month.
Global liquids demand increased by 0.2 million barrels per day (bpd) month-over-month in August to 101.40 million bpd. Outside of China, the majority of the increase was driven by the United States, where demand rose by 0.5 million bpd month-over-month.
