
The energy sector's performance moderated slightly earlier this year after an exceptionally good 2022. However, the sector looks set for a solid recovery amid increased summer travel, constrained supplies due to turbulent geopolitics, and OPEC+ production cuts.
The potential rebound in oil and gas prices could translate into benefits for fundamentally strong businesses, Weatherford International plc (WFRD), North European Oil Royalty Trust (NRT), and Euronav NV (EURN) with exposure to the energy sector.