European energy stocks surged on Tuesday as oil prices broke above $100 a barrel, lifting majors like BP and Shell. The rally came despite a U.S. move to allow more Russian oil imports, underscoring the market's focus on supply tightness. PTTEP's target price was raised by Maybank Securities to 157 baht, reflecting strong volume growth and higher crude prices. Thailand's energy sector was upgraded to positive, with PTTEP and Bangchak Corp. highlighted as top picks, signaling optimism amid elevated oil costs. The analyst noted the Iran conflict's persistent impact on energy flows, suggesting prices could stay elevated even with a resolution.