In regards to oil company profits, isn't that just normal supply & demand? Doesn't it make sense that with Russian sanctions, demand for alternative sources of

In regards to oil company profits, isn't that just normal supply & demand? Doesn't it make sense that with Russian sanctions, demand for alternative sources of oil should rise and result in higher costs? Even if the oil companies capped prices out of the goodness of their hearts, wouldn't that just end up causing shortages?