Dave Meats, CFA

Morningstar oil analysts look at what history tells us about the likely effects of a Russian invasion of Ukraine on crude prices.

We've raised our global consumption forecast for 2022, but our 2023 outlook is unchanged.  

Morningstar analysts predict higher prices into 2022 as OPEC and US shale producers hold off increasing supply.

But the sector's current tailwinds are likely unsustainable, so investors should prioritise high-quality businesses with stable balance sheets, says...

Stocks still look cheap across all subsectors, especially oilfield services and refining, says Morningstar analyst Dave Meats.