© Thomson Reuters Oil ResearchOil and gas companies from France to Japan, and all in between, started queuing up to explore investment options, and old Asian clients started buying more crude (see above). But one party's loss, could be another's gain, according Thomson Reuters Oil Research, with Russian companies, already the subject of the Trump administration's ire, expected to up their game in Iran. "In the short term, there is a strong chance that more Russian oil companies, such as Lukoil, will invest in upstream and downstream projects in Iran during 2018," the research outfit opined. That said, it added that the volume of exported crude oil from Iran will "likely remain" muted during 2018, as there has not been the "infrastructure investment needed to support output gains." It seems many were waiting on Trump's decision.

Source: Forbes May 08, 2018 20:30 UTC