
Although there are supply limitations in place on crude oil by OPEC+, oil and gas demand looks weak in the near term. However, the long-term demand outlook for oil and gas remains strong despite the transition to cleaner energy sources.
Given that oil prices are expected to be stable this year, it could be wise to invest in fundamentally strong oil & gas stocks, Western Midstream Partners, LP (WES), Sunoco LP (SUN) and Adams Resources & Energy, Inc. (AE).