US oil groups in line for $90b windfall from Gulf war disruption
Jamie Smyth and Malcolm Moore
New York/London | US oil companies stand to receive a windfall of more than $US60 billion ($86 billion) this year if crude prices maintain the levels they have hit since the start of the Iran war.
Modelling by investment bank Jefferies estimates American producers will generate an extra $US5 billion cash flow this month alone following a roughly 47 per cent rise in oil prices since the conflict began on February 28.