827 days ago • Posted by Ajmir Omid
Is EU #energy sector going to fill the gap? #Stoxx600-oil-gas #value #stocks #markets
Energy prices have surged across the globe, and oil prices don't show any sign of fatigue, up more than 6% so far in 2022. Given the low rates of reinvestment in this sector and growing demand for energy, it is very probable that demand for energy exceeds supply for the coming year. As a result, energy prices are likely to move higher. Historically, Europe energy sector has well tracked the performance of the UK Brent. Moreover, given the value tilt of European stocks and a determined Fed to pursue policy normalization, Europe overall has also seen increasing interest from global investors.
