December 1, 2021

Omicron Variant Resurge Brings Markets Turmoil and Confusion

  Last week, Rex Fuels’ Bitumen and Modification bitumen conference took place with more than 250 participants, 20 speakers, and 30 bitumen and petroleum pioneers and
November 29, 2021

Weekly Oil Report: Covid Helped Biden with Crude

New fears have shocked markets of stocks and commodities. Crude oil that surprised traders by the rapid rally during recent weeks, stood as the leader of
November 22, 2021

Weekly Oil Report: Situation Turns Against Crude Rally

Bearish news could take over the few bullish factors of the market during last week. Brent oil closed the week at $77.69 and WTI fell to
November 15, 2021

Weekly Oil Report: Hesitations Lingering in the Markets

Oil was still under pressure by dollar powering, possible supply increase, and next year demand outlook. Accordingly, Brent finished the week with a loss at $81.14
November 8, 2021

Weekly Oil Report: Bullish and Bearish Aspects of the Market

After the third week of oil fall, the market began the week with a slight bullish gap. Brent and WTI closed the week at $81.73 and
November 1, 2021

Weekly Oil Report: Fundamentalists Are still in Fond of Crude

Oil experienced the second week of loss at the end of October. The fall can be considered as a price correction after several consecutive weeks of
October 25, 2021

Weekly Oil Report: Slight Hesitation Crawling to the Market

After weeks of the rapid rally, oil market participants showed slight reluctance to buy crude at the current levels. Although it got to $85.48 at the
October 18, 2021

Weekly Oil Report: Energy Crisis Worsens Along Crude Rapid Rise

Oil had another gaining week and succeeded to reach near $85. The price has not been seen in the market for a long time. Brent closed
October 11, 2021

Weekly Oil Report: Reasons of Crude Price Rebound

The market was extremely positive about oil conditions after knowing supply is still under control. While the US had asked OPEC to increase the supply to
October 4, 2021

Weekly Oil Report: Crude Waiting For OPEC

Oil took the rally to $80 in the last week of September and had the 4th week of gains. Brent closed the week at $78.80 and
September 27, 2021

Weekly Oil Report: Crude Appeared Determined to Rise

Oil took back the highest price in the last two months then retreated slightly on Friday session. Traders preferred profit-taking seemingly or consider the crude just
September 20, 2021

Weekly Oil Report : Price stability of oil and factors influencing its upward trend

Despite the unstable market conditions, the Brent price was able to stay in the $ 70- $75 range during the last week from September 13 to