The energy industry is well-positioned for substantial growth this year as projections of a steady uptick in oil prices fueled by rising global demand and concerns over geopolitical tensions continuing in the Middle East, alongside production cuts by major oil producers and a gradual recovery of the Chinese economy, are expected to bolster the industry's performance.
Amid this backdrop, investors could consider buying fundamentally strong energy stocks: Phillips 66 (PSX), Cheniere Energy, Inc. (LNG), and Western Midstream Partners, LP (WES).
