Published on 10 Aug 2023 on Insider Monkey via Yahoo Finance

10 Energy Stocks with Insider Buying

In this piece, we will take a look at ten energy stocks with insider buying. If you want to skip our introduction to the energy industry, then head on over to 5 Energy Stocks with Insider Buying.

The energy sector has shaped up to be one of the most dynamic in the world over these past couple of years. The onset of the coronavirus pandemic dealt a massive shock to energy firms as global demand for fossil fuels and other products dropped due to reduced demand for industrial manufacturing, office work, and traveling.

Then, as economies were starting to stabilize in 2022, the Russian invasion of Ukraine created uncertainty about the global supply of oil, leading to heavy speculation and record high gasoline prices in several countries - particularly those that rely on imported fuel for their refining needs. In 2023, the sector is coming down from the 2022 highs, and energy firms continue to report a drop in annual profits as prices stabilize.