Energy intensive stocks are suddenly in focus after the IEA cut its 2026 oil demand outlook and flagged a possible supply glut in 2027, just as traders react to talk of a US Iran deal and a reopening of the Strait of Hormuz. For investors, that mix of softer demand, potential new supply and low inventories creates very different risk and cost profiles across chemicals, mining and metals. This article highlights 3 stocks from our Global Energy Intensive Industries screener that stand out as potential beneficiaries of these shifts, and explains how their exposure to the latest oil market headlines might matter for your portfolio.

Siemens Energy (XTRA:ENR)

Overview: Siemens Energy is a global energy technology company based in Munich that supplies gas and steam turbines, grid equipment, electrolyzers and wind turbines, along with maintenance and digital services for utilities, power producers and industrial customers worldwide.

Operations: Siemens Energy generates most of its revenue from Gas Services (€12.8b), Grid Technologies (€12.1b) and Siemens Gamesa wind (€10.1b), with additional contributions from Transformation of Industry (€5.7b) and a small reconciliation adjustment.

Market Cap: €133.5b

Siemens Energy sits at the center of two powerful forces: lower oil prices and the long term energy transition. As a large energy user in gas turbines, grids and industrial equipment, it can benefit directly from cheaper oil and potential input cost relief if a US Iran deal unlocks supply. Its record order book in Grid Technologies and Gas Services also relates to rising electrification, data center demand and decarbonization projects. At the same time, investors need to watch execution risk in the Siemens Gamesa wind turnaround, high funding dependence on external borrowing and a rich P/E that already prices in strong earnings growth and high future returns. If the company can deliver on its backlog and manage these pressures, the current setup could be more interesting than headline oil moves suggest.

An accelerating order book and pressure points in wind leave many investors guessing how Siemens Energy’s story really stacks up. Get the fuller picture with the analysis report for Siemens Energy and see what might be hiding in plain sight.

Peric Special Gases (SHSE:688146)

Overview: Peric Special Gases is a China based chemicals company that develops and manufactures high purity electronic gases and fluorine containing materials used in integrated circuits, display panels, lithium batteries and pharmaceuticals, supplying critical inputs to fast growing, energy intensive tech and new energy supply chains.

Market Cap: CN¥171.0b

Peric Special Gases sits at an interesting crossroads for investors who care about both growth and energy costs. It operates in chemicals and materials science, where energy is a major input, so a period of falling oil prices can feed directly into margins at the same time as demand for its semiconductor and battery related products grows. Earnings rose 19.1% over the past year and analysts expect strong earnings and revenue growth to continue, yet the stock already trades on a rich P/B multiple and relies heavily on external borrowing. Add in a recent one off gain that flatters reported profit and a volatile share price, and you have a fast growing stock where the real risk reward balance is not obvious at first glance.

Peric Special Gases is growing fast, but its rich P/B, external borrowing and a one off gain make the headline story incomplete. Get behind the numbers with the analysis report for Peric Special Gases for the twist most investors are missing.

Grace Fabric TechnologyLtd (SHSE:603256)

Overview: Grace Fabric TechnologyLtd produces high grade electronic glass fiber cloth and yarn used as a core material in circuit boards and advanced composites for sectors such as autos, aerospace, construction and electronics, exporting from its Shanghai base to customers across Asia, Europe and North America.

Operations: Grace Fabric TechnologyLtd currently generates all reported revenue, about CN¥1.4b, from Electronic Components & Parts.

Market Cap: CN¥227.5b

Grace Fabric TechnologyLtd sits in the middle of two big forces investors often monitor: demand for electronic materials and the potential for lower energy costs if oil stays under pressure. Earnings growth has been very large, with revenue and profit both rising sharply in 2025 and Q1 2026, and margins now at 22.8%. At the same time, the stock carries an extremely high P/B, a highly volatile share price, heavy reliance on external borrowing and governance questions. Expectations therefore appear very high and the cushion for disappointment is thin. The key consideration is whether the quality of its growth and cash generation can justify that premium or whether the market is getting ahead of itself.

Grace Fabric TechnologyLtd has rising margins and a premium P/B that suggest something bigger is playing out. See how the growth story stacks up against expectations in the analyst forecasts for Grace Fabric TechnologyLtd before one detail flips the script

The three stocks covered here are just a starting point, with the full Global Energy Intensive Industries screener surfacing 180 more companies whose stories around energy costs, supply trends and balance sheet strength could be just as compelling as what you have seen so far in chemicals, mining and metals. Unlock deeper context, identify the specific catalysts that matter to you and analyze only the highest conviction ideas by going through the Global Energy-Intensive Industries screener.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.