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Story summary
- Soaring energy prices could yield significant profits for U.S. oil companies.
- Rystad Energy, the market analytics firm, estimates $63 billion in additional U.S. sales if Brent prices exceed $100 per barrel, with Brent crude at $119 per barrel.
- Analysts warn that sustained high prices could cause "demand destruction" as consumers cut spending.
- Industry executives remain cautious about ramping up production amid uncertainty about the conflict's duration and price stability.
