The International Energy Agency's downward revision of this year’s growth estimate amid ongoing macroeconomic headwinds casts a gloomy short-term outlook for the energy sector. However, the long-term outlook remains promising due to substantial expansion and a sluggish energy transition.
Against this backdrop, we could look into energy stocks Shell plc (SHEL), CVR Energy, Inc. (CVI), and Adams Resources & Energy, Inc. (AE) that hold the potential to generate solid returns in the long term. Let’s understand this in detail.
