Lates News

Analysts at J.P. Morgan recommend investors to buy European oil and gas stocks like Shell or TotalEnergies, citing the possibility of sustained high energy prices due to possible U.S. military strikes on Iran. Analysts Matthew Lofting and Tianyu Wu stated that investors are concerned about the risks of supply disruptions in the Strait of Hormuz. They wrote in a research report that European oil giants whose recent performance has closely followed crude oil prices are currently valued at a level that is "efficient rather than expensive" in geopolitically dominant times. The STOXX 600 energy sector rose 2.0% on Monday, with the biggest gains seen in Equinor ASA, Galp, VarEnergi AS, and Repsol, which rose by 6.18%, 4.03%, 4.11%, and 4.42% respectively.