American companies will be among biggest beneficiaries if crude prices average $100 per barrel this year
The United States could be one of the biggest beneficiaries of the global rise in energy prices which has resulted from the US-Israeli war against Iran, the Financial Times (FT) has reported, citing estimates provided by the investment bank Jefferies.
Oil prices have already surged past $100 per barrel due to the fallout from the ongoing war in the Middle East. If they remain elevated this year, American companies will receive a $63.4 billion boost from oil production, according to the energy research company Rystad.
Brent crude, the…
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