Why These Energy Stocks are Gaining This Week

Core Insights - The S&P Energy index increased by 1.68% from February 6 to February 13, while the overall S&P 500 declined by 1.39% during the same period [1] Energy Market Overview - The International Energy Agency (IEA) forecasts global oil demand to rise by 850 thousand barrels per day (kb/d) in 2026, an increase from 770 kb/d in the previous year, with non-OECD countries, particularly China, driving this growth [2] - Global oil supply is expected to increase by 2.4 million barrels per day (mb/d) to 108.6 mb/d in 2026, with contributions from both OPEC+ and non-OPEC+ producers [2] Venezuela's Oil Sector - A portion of the expected output growth is anticipated to come from Venezuela, following a visit by U.S. Energy Secretary Chris Wright aimed at revitalizing the country's oil industry [3] - The U.S. has relaxed sanctions on Venezuela's energy sector, allowing global energy companies to operate and negotiate contracts, with Venezuela's oil sales projected to exceed $5 billion in the coming months [4] Company Performance Highlights - DHT Holdings, Inc. (NYSE:DHT): - Share price increased by 6.99% from February 6 to February 13 [8] - Reported Q4 2025 adjusted EPS of $0.41, beating forecasts by $0.01, with net profit growing by nearly 21% YoY to $66.1 million [9] - Full-year net profit surged over 16% YoY to $211 million, with Q4 revenue up 37% YoY to $118 million [10] - Enbridge Inc. (NYSE:ENB): - Share price rose by 7.07% during the same period [11] - Achieved an all-time high after reporting Q4 2025 adjusted EPS of $0.65, exceeding estimates by $0.08, and revenue growth of over 10% YoY to $12.61 billion [12] - Net profit for Q4 quadrupled to C$1.95 billion compared to C$493 million in the previous year [12] - The company has a project backlog of approximately C$39 billion, with C$8 billion expected to come into service this year [13] - Reiterated FY 2026 adjusted EBITDA guidance of C$20.2–C$20.8 billion, following a 7% YoY increase to C$19.95 billion in 2025 [13][14]