The energy sector has been in a tailspin since the beginning of 2020, with global supply surpassing demand. The pandemic flattened demand, and we had an unprecedented supply glut on our hands. The US energy sector actually ran out of places to put the excess oil for the first time in history. 

The massive supply and demand disparity led to the seemingly impossible negative oil quotes on April 20th when crude oil futures plummeted to -$40 per barrel. Suppliers were forced to pay customers to take this lucrative commodity off their hands.

Energy stocks have been heavily discounted across the board this year, and investors are beginning to speculate whether these stocks will ever make new highs. Let’s dive in and take a look at what the future holds for the energy sector.

For more color on the subject check out my latest article: The Future Of Energy: 3 Stocks To Watch

Stocks Discussed

Chevron (CVX Quick QuoteCVX - Free Report) & NextEra (NEE Quick QuoteNEE - Free Report)

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