Sanctions imposed on Russia’s Oil & Gas industry has led to a tightening of supply, causing prices to rise.
The US has agreed to ship an additional 15 billion cubic meters of liquified natural gas (LNG) to Europe by the end of this year and has already increased exports in crude oil and petroleum exports some 40% since February.
Sky high energy prices have meant that companies directly involved in the production and refinement of oil and natural gas products have enjoyed an appreciable increase in margins for the quarter. Our analysis has shown that these companies will provide plenty of opportunities for investors.
Investments in clean energy solutions may provide opportunities as the world looks to cut back its reliance on fossil fuels.
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Simply Wall St analyst Bailey Pemberton and Simply Wall St have no position in any of the companies mentioned.