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Stock impact report

5 European Oil Stocks To Buy As Iran Risk Premium Boosts Oil Prices [Yahoo! Finance]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Yahoo! Finance
Despite heavy sanctions by the West, Iran's oil output has recovered to near pre-sanctions levels thanks to the OPEC producer offering discounted crude and having a ready market by Chinese independent refiners. According to energy market consultancy FGE NexantECA, oil prices could spike to $100 per barrel if Washington declares war on Tehran, good for nearly ~45% upside from the current Brent price in the low 70s. This environment has propelled the European oil and gas sector to record levels, with the STOXX Europe 600 Oil & Gas Index recently hitting an all-time high. UBS analysts say that the current geopolitical and macroeconomic backdrop could favour upstream-levered European producers in the near term, while integrated majors come with structural advantages, making them preferred longer-term buys. Here are the top 5 European Oil & Gas picks. #1. TotalEnergies Market Cap: $168.2B Dividend Yield (FWD): 5.06% 52-Week Returns: 30.2% French Oil & Gas multinational Tota Show less Read more
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