Our Pick Of The Best Oil Stocks For Australians [Forbes]
ASX LTD UNSP/ADR (ASXFY)
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Source: Forbes
It's well known that Australia is a major exporter of fossil fuels like coal, gas and oil, so it comes as no surprise that many of the largest companies on the ASX are in the energy sector. Shares in the energy sector are known for their relative stability and substantial dividends, making them a staple of many Australian investment portfolios. Despite global shifts towards renewable energy and a slowdown in major energy consumers like China, the use of technology, namely Artificial Intelligence (AI), has driven demand for consistent and reliable sources of baseload electricity, meaning oil and gas companies still play a crucial role in meeting the world's energy needs. Join 30M users and explore stocks and ETFs. Start Investing On eToro's website. Your capital is at risk. What Affects the Price of Oil? The oil market has always been characterised by its volatility, with the post-pandemic period being particularly turbulent for the sector. Over the past year, many oil sto
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