For the first time in years, oil prices have risen beyond $80 per barrel. A group of oil-exporting countries, on the other hand, has not boosted output to meet the targets. This is mainly owing to fears about the COVID-19 virus’s Delta version spreading. The rise in oil prices is expected to augment oil stocks at this time. The majority of analysts believe the industry will outperform market expectations in terms of earnings. Exxon Mobil Corporation, Chevron Corporation, and ConocoPhillips are among the best fuel stocks to buy right now.
Here is Insider Monkey’s list of the 10 best fuel stocks to buy now. Golar LNG Limited is one of the finest fuel stocks to purchase right now, according to our research. Over time, the company generated revenue of more than $104 million, up 2% year over year and $0.47 million higher than expected. The corporation sells uranium, which is becoming a more important source of nuclear fuel for power generation. Sprott Physical Uranium Trust began purchases in September, bringing uranium prices to nine-year highs. The stock has an Outperform rating from Scotiabank, with a target price of C$38. Green Plains Inc. is an ethanol producer and distributor. One of the best biofuel stocks on the market is this one. Biofuel stocks have fallen in recent weeks as a result of news that the United States is considering reducing blending regulations. Plug Power Inc. is a company that sells hydrogen fuel cell systems. As a global climate summit gets underway in Glasgow, the stock has been soaring. The company has formed a cooperation with Airbus to investigate the usage of green hydrogen in future aircraft and airports around the world. In recent months, Pioneer Natural Resources Company has increased its efforts to streamline operations and reduce debt. It has also profited from rising crude oil prices, which this month surpassed $80 per barrel for the first time in seven years. For more details, click 10 Best Fuel Stocks To Buy Now.