The energy sector’s outlook appears strong, thanks to the escalating oil and gas demand and tight crude supplies. Upon careful analysis, quality energy stock TotalEnergies SE (TTE) appears to be a solid candidate to buy now. However, it could also be wise to watch stocks like PBF Energy Inc. (PBF) and Marathon Oil Corporation (MRO) for potential buying opportunities.
The energy sector maintained fundamental strength amid a complex global economic environment of uncertainty and shifting geopolitical landscapes. The global energy watchdog, the International Energy Agency’s (IEA) energy report, revealed that global oil demand surged to a record high of 103 mb/d in June, with the prediction of reaching another pinnacle in August.
