
Despite the rise of renewable energy sources, the demand for oil and gas is projected to keep growing. Moreover, the extended production cuts by oil-producing countries and the expected rise in oil demand boost the industry’s near-term prospects.
Therefore, investors could consider buying fundamentally strong oil and gas stocks BP p.l.c. (BP), Eni S.p.A. (E), and Koninklijke Vopak N.V. (VOPKY).