IEA Raises Oil Demand Estimate for 2022; Here Are 2 Energy Stocks That Stand to Benefit

We’ve all seen the headlines lately, about Russia cutting back its natural gas exports to Germany – and to Western Europe generally. The cuts come in response to Western sanctions over the Ukraine war, but the result is a scramble in Germany to find alternative fuels sources. The continent is coping with a record heatwave, and the cold winter months are not so far away.

The upshot is that the International Energy Agency (IEA) has bumped up its estimates for oil demand by 22%, increasing…

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