Despite widespread commitments to transition towards cleaner energy sources, recent forecasts from the International Energy Agency (IEA) for global oil and natural gas demand paint a contrasting picture. Meanwhile, tight supply conditions coupled with the persistent threat of escalating geopolitical tensions in the Middle East are exerting further upward pressure on oil prices.
Keeping these factors in mind, in this piece, I have highlighted the fundamentals of three oil and gas stocks, BP p.l.c. (BP), Western Midstream Partners, LP (WES), and Global Partners LP (GLP), which are well equipped to capitalize on the industry prospects.
