In the first week of February 2023, pressure on crude knocked the price down by 7% but the bitumen market stayed positive. In the second week of February 2023, the world was confused about the economic direction and it was clearly reflected in oil and petroleum products. On February 20, oil dropped by about 4% as dollar and US inventory climbed but petroleum products did not retreat as crude. In the last week of February, another plunge of oil by reports on the rebuilding of inventories and a hectic market in the Middle East occurred.
You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy YouTube Channel if you are interested in knowing more about the crude oil and HSFO market analysis during February 2023.
Below the last chart, you can click to read the weekly bitumen market reports in February 2023.
In these reports, Razieh Gilani, the export manager of Infinity Galaxy has analyzed the bitumen market weekly and has examined the factors affecting the bitumen price fluctuations during this month.
Take a look at charts and let us know your comments.
Crude Oil Price Chart, February 2023
HSFO Price Chart, February 2023
Click on the link below to watch the Infinity Galaxy crude oil Vodcasts:
Crude Oil and HSFO Report:
Bitumen Price Chart, February 2023
Click on the link below to read the Weekly Bitumen Report of Infinity Galaxy:
Weekly Bitumen Report:
Every Monday and Friday, you can check the Infinity Galaxy blog and YouTube channel to become aware of the bitumen market condition and news. If you have any questions or you would like to keep in touch with our experts, drop a line in the comment section.
