https://infinitygalaxy.org/product/iraq-bitumen-penetration-60-70/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/08/Bitumen-drum-production-in-refinery-infinity-full.webp Iraq Paving Grade Bitumen 60/70 Infinity Galaxy is a trusted supplier of Iraq bitumen. We offer Penetration Grade 60/70, also known as paving grade bitumen or asphalt from Iraq. This grade meets ASTM standards and is tested at certified bitumen plants before shipment. We ship in bulk, steel drums, or jumbo bags from FOB Mersin. Iraq bitumen often shows a positive spot test. This comes from its natural sulfur content, not a quality problem. Contact us below to share your inquiry with us. https://infinitygalaxy.org/product/sulfur-fertilizer/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Sulfur-high-quality-lump-infinity-full.webp Bulk Sulfur Fertilizer | 99.80% Elemental Purity We supply agricultural sulfur fertilizer in bulk for distributors, blenders, and importers around the world. Our elemental sulfur has 99.80% purity. It comes in five forms: Granular, Pastille, Powder, Lump, and Flakes. You can choose the right form for your needs. Use it for broadcast spreading, NPK blending, or as an agricultural fungicide. Sulfur is a low-cost way to fix sulfur deficiency in soil. It helps crops grow better. Many farms and factories need sulfur every year. We offer FOB and CFR pricing for your destination port. We also give full export documents, certificate of analysis and MSDS, on request. Contact us below for any Sulfur form you need. https://infinitygalaxy.org/product/ss60-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Short-Drum-infinity-full.webp SS60 Bitumen Emulsion Infinity Galaxy, with over a decade of experience, offers high-quality bitumen emulsion SS60 for customers all over the world. https://infinitygalaxy.org/product/performance-grade-76-10/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Bitumen-infinity-full.webp Performance Grade 76 -10 As an experienced bitumen supplier in the Middle East, we are ready to supply the performance grade 76-16 with the most competitive price for our esteemed customers all over the world. https://infinitygalaxy.org/product/bitumen-vg20/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Bitumen-infinity-full.webp Bitumen VG20 As an experienced bitumen supplier in the Middle East, we are ready to supply the bitumen VG20 with the most competitive price for our esteemed customers all over the world. https://infinitygalaxy.org/product/performance-grade-76-22/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Bitumen-infinity-full.webp Performance Grade 76-22 As an experienced bitumen supplier in the Middle East, we are ready to supply the performance grade 76-22 with the most competitive price for our esteemed customers all over the world. https://infinitygalaxy.org/product/urea/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/infinity-galaxy-urea-n46-1-1-infinity-full.webp Urea Fertilizer 46% Infinity Galaxy is a trusted supplier of urea fertilizer 46%. We offer uncoated prilled urea (zero and low formaldehyde grades) and coated prilled and granular urea, with a formaldehyde-based coating for extra strength and anti-caking protection. All grades meet 46% nitrogen content, the highest level among solid nitrogen fertilizers. We supply urea in bulk for buyers across the Middle East, Asia, and Africa. Whether you need a low-formaldehyde grade for sensitive applications or a coated grade for long shipping, contact us below. Ask for the latest price, full specifications, or any details. https://infinitygalaxy.org/product/recycled-base-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Recycled-base-oil-price-infinity-full.webp Recycled Base Oil Infinity Galaxy supplies high-quality recycled base oil to industrial buyers and lubricant manufacturers worldwide. Our recycled base oils go through advanced re-refining processes that remove contaminants while preserving the core properties of the original oil, offering a reliable and cost-effective alternative to virgin base oil. We offer recycled oil for sale in multiple grades, including recycled base oil SN150 and SN500, along with Group I recycled base oil for buyers seeking consistent viscosity and performance. Whether you need to recycle base oil at scale or source a specific grade, our team is ready to match your technical and volume requirements. https://infinitygalaxy.org/product/caustic-soda-flakes/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Caustic-Soda-infinity-full.webp Caustic Soda Flakes As an international caustic soda flakes supplier in the Middle East, we are ready to supply your caustic soda wholesale orders with the best quality. https://infinitygalaxy.org/product/semi-refined-paraffin-wax-5-7/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Paraffin-wax-infinity-full.webp Semi Refined Paraffin Wax 5-7% We are an experienced supplier in the Middle East paraffin wax market, offering high quality paraffin wax 5-7% to customers globally. https://infinitygalaxy.org/product/semi-refined-paraffin-wax-3-5/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Paraffin-wax-infinity-full.webp Semi Refined Paraffin Wax 3-5% We are an experienced supplier in the Middle East paraffin wax market, offering high quality paraffin wax 3-5% to customers globally. https://infinitygalaxy.org/product/semi-refined-paraffin-wax-2-4/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Paraffin-wax-infinity-full.webp Semi Refined Paraffin Wax 2-4% We are an experienced supplier in the Middle East paraffin wax market, offering high quality paraffin wax 2-4% to customers globally. https://infinitygalaxy.org/product/semi-refined-paraffin-wax-1-3/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Paraffin-wax-infinity-full.webp Semi Refined Paraffin Wax 1-3% We are an experienced supplier in the Middle East paraffin wax market, offering high-quality paraffin wax 1–3% to global customers for use in candles, cosmetics, and packaging. https://infinitygalaxy.org/product/class600-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Bitumen-infinity-full.webp Bitumen C600 | Class 600 bitumen At Infinity Galaxy, we supply premium-grade Bitumen C600, specifically designed for road construction, surfacing, and industrial applications that demand high viscosity and durability. With a strong focus on quality assurance and international compliance, we ensure every shipment meets Australian standards. Backed by years of expertise in the global bitumen trade, our team offers customized logistics and supply solutions to support your projects efficiently. https://infinitygalaxy.org/product/class320-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Bitumen-infinity-full.webp Bitumen Class 320 Australia At Infinity Galaxy, we provide high-quality Bitumen C320 tailored for the Australian market, ensuring durability, performance, and compliance with international specifications. With extensive expertise in global bitumen trade, we deliver solutions designed to meet the unique requirements of your road and infrastructure projects. https://infinitygalaxy.org/product/class170-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Bitumen-infinity-full.webp Bitumen C170 | Class 170 bitumen At Infinity Galaxy, we specialize in supplying high-quality Bitumen class 170 for the Australian market, ensuring consistency, reliability, and compliance with international standards. With years of experience in global bitumen trade, we provide tailored solutions to meet the specific needs of your projects. https://infinitygalaxy.org/product/crs2-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/bitumen-emulsion-infinity-full.webp CRS2 Bitumen Emulsion Infinity Galaxy, with over a decade of experience, offers high-quality bitumen emulsion CRS2 for customers all over the world. https://infinitygalaxy.org/product/k160-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Cutback-grades-infinity-full.webp K160 Bitumen Emulsion Infinity Galaxy, with over a decade of experience, offers high-quality bitumen emulsion K160 for customers all over the world. https://infinitygalaxy.org/product/crs1-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Bitumen-Emulsion-1-infinity-full.webp CRS1 Bitumen Emulsion Infinity Galaxy, with over a decade of experience, offers high-quality bitumen emulsion CRS1 for customers all over the world. https://infinitygalaxy.org/product/css1-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Short-Drum-infinity-full.webp CSS1 Bitumen Emulsion Infinity Galaxy, with over a decade of experience, offers high-quality bitumen emulsion CSS1 for customers all over the world. https://infinitygalaxy.org/infinity-galaxy-analyzes-trumps-tariff-earthquake-in-the-global-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/05/PR-infinity-full.webp Infinity Galaxy Analyzes Trump’s Tariff Earthquake In the Global Bitumen Market A 24% crash in Brent crude prices, a 13% drop in Asian bitumen costs, and a 30% surge in Vietnam's demand—since Donald Trump's sweeping trade tariffs took effect on April 2, 2025, the global bitumen market has been thrust into unprecedented volatility. Infinity Galaxy, a UAE-based leader in bitumen market analysis and supply, provides critical... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-february-2025/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/03/Crude-Oil-HSFO-and-Bitumen-Prices-February-2025-infinity-full.webp Crude Oil, HSFO and Bitumen Prices February 2025 In February 2025, crude oil prices remained volatile, influenced by a mix of geopolitical, economic, and supply-demand factors. Brent crude averaged around $78 per barrel, slightly lower than January's average of $80, as market dynamics shifted. The month began with some upward pressure due to ongoing OPEC+ production cuts and supply concerns in the Middle... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-january-2025/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/02/Crude-Oil-HSFO-and-Bitumen-Prices-January-2025-1-infinity-full.webp Crude Oil, HSFO and Bitumen Prices January 2025 Overall, crude oil prices were volatile in January 2025, owing to a complicated combination of geopolitical factors, economic conditions, and supply and demand changes. In January 2025, Brent crude oil prices rose significantly, averaging approximately $80 per barrel, up from December's average of $73.86 per barrel. This increase was mostly driven by tougher US restrictions... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-december-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/01/Crude-Oil-HSFO-and-Bitumen-Prices-December-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices December 2024 In December 2024, Brent crude oil prices reached at $73.86 per barrel, the lowest monthly average in the previous two years. This reduction was mostly due to lower oil demand in China, which was impacted by the country's economic slowdown and growing use of electric vehicles. Additionally, OPEC announcements about increases the future supply, added... https://infinitygalaxy.org/bitumen-quality/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/01/The-importance-of-Bitumen-Quality.webp The Importance of Bitumen Quality What is more important when buying bitumen: bitumen quality or its price? The real value is in the quality of bitumen. Using cheap and low-quality bitumen can lead to costly problems. The best bitumen meets international standards in its specifications. Keep reading this article for practical tips on purchasing high-quality bitumen. Signs of Low-Quality Bitumen... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-november-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/12/Crude-Oil-HSFO-and-Bitumen-Prices-November-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices November 2024 In November 2024, crude oil prices saw a slight rise, with Brent crude averaging around $80 per barrel. This was driven by stronger manufacturing activity in China, raising hopes for increased energy demand. A ceasefire between Israel and Hezbollah also helped ease tensions, bringing some stability to the market. However, concerns about possible changes in... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-october-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Crude-Oil-HSFO-and-Bitumen-Prices-October-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices October 2024 October 2024 was a volatile month for oil prices. Geopolitical tensions in the Middle East, particularly the Israel-Iran conflict, drove prices higher. However, concerns about a global economic slowdown and increased supply from non-OPEC producers put downward pressure on prices. Ultimately, the month ended with a mixed bag of factors influencing oil prices. You can... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-september-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/Crude-Oil-HSFO-and-Bitumen-Prices-September-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices September 2024 September ended by about a 7% drop in both Brent and WTI. The Middle East tensions were the most volatile factor in September. Tensions got to the maximum level at the end of the month by Israel Killing Hezbollah leader, Hassan Nasrallah. You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-august-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/Crude-Oil-HSFO-and-Bitumen-Prices-August-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices August 2024 Crude oil closed in August by about 5% decline. In fact, the rising geopolitical tensions in Gaza, Russia and Libya couldn't overcome demand concerns in the market during the month. 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... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-july-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/July2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices July 2024 Brent closed July with a 4% decline mainly due to the weaker outlook of demand projected for China. Rising geopolitical tensions in the Middle East couldn't overcome the fear of lower demand. You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy YouTube Channel if you are interested in... https://infinitygalaxy.org/caustic-soda-tests/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/Caustic-Soda-Tests-scaled-1-infinity-full.webp Caustic Soda Tests Caustic soda tests measure the purity level of the caustic soda. Caustic soda quality must be controlled because it naturally contains some impurity. It may have small amounts of other chemical compounds such as sodium carbonate, sodium sulfate and iron. You may find them in the caustic soda specifications table. Would you want to learn... https://infinitygalaxy.org/base-oil-production-process/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Recycled-base-oil-price-infinity-full.webp Base Oil Production Process Understanding the base oil production process is crucial in determining its quality and price. Generally, there are two main types of base oils: mineral and synthetic. Both are made naturally from crude oil. To make synthetic base oil, crude oil is used in an indirect way, and one of its derivatives is used in the... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-june-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/Crude-Oil-HSFO-and-Bitumen-Prices-June2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices June 2024 Oil recovered slightly in June after two consecutive falling months. Geopolitical tension in the Middle East was the top effective factor on crude. Disputes also opened July's candle with positive movements. You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy YouTube Channel if you are interested in knowing... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-may-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Crude-Oil-HSFO-and-Bitumen-Prices-May-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices May 2024 The market was not in favor of crude oil in May. For the second consecutive month, oil closed with loss due to economic concerns and geopolitical tensions in Ukraine and the Middle East. You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy YouTube Channel if you are interested... https://infinitygalaxy.org/petroleum-jelly-advantages-and-disadvantages/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Petroleum-Jelly-Advantages-and-Disadvantages-infinity-full.webp Petroleum Jelly Advantages and Disadvantages Petroleum jelly has several advantages for different purposes, such as cosmetics and industries. In comparison to its alternatives, like vegetable oils and lanolin, petroleum jelly can be used as a waterproof and anti-corrosion coating or as a lubricant. However, a common question is, "What are the petroleum jelly side effects?" One disadvantage of petroleum jelly... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-april-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Crude-Oil-HSFO-and-Bitumen-Prices-April-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices April 2024 April started with increasing tensions in the Middle East and a possible war between Iran and Israel. Brent climbed up to $ 82.64 but then slowed as the tensions calmed down. New possibilities of Gaza truce with Cairo negotiations were the last shot for crude oil prices to record a nearly 2% drop in April... https://infinitygalaxy.org/infinity-galaxy-presence-in-iran-oil-show-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/IranOilShow2024-Infinity-Galaxy-Invitation-infinity-full.webp Infinity Galaxy Presence in Iran Oil Show 2024 Iran’s 28th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show) will take place from 8th to 11th May 2024, at the Tehran International Permanent Fairground.This exhibition, which is one of Iran's largest in the oil, gas, refining, and petrochemicals industries, is held every year. Large number of strong Iranian and foreign companies from... https://infinitygalaxy.org/infinity-galaxy-presence-in-iran-expo-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/EXPO-Invitation-Infinity-Galaxy.webp Infinity Galaxy Presence in Iran EXPO 2024 The 6th International Exhibition of Export Potential of Iran (Iran EXPO) will take place from 27th April to 1st May 2024, at the Tehran International Permanent Fairground. Over 3,000 international traders are expected to attend this exhibition. The Iran EXPO will be held in the presence of leading exporting companies in the seven product categories:... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-march-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/Crude-Oil-HSFO-and-Bitumen-Prices-March-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices March 2024 Oil closed March with over 6% growth. Market sentiment was increasingly bullish due to OPEC+ production cuts, supply disruption, and improving demand. Experts believe that in current conditions, 90$ oil is a real possibility.You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy YouTube Channel if you are interested... https://infinitygalaxy.org/petroleum-jelly-safety-storage-and-handling/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Petroleum-Jelly-Safety-Storage-and-Handling-infinity-full.webp Petroleum Jelly Safety, Storage and Handling Petroleum jelly is a petroleum-based product that can be found in most homes. As a result, knowing information about petroleum jelly safety, like eye contact, swallowing, flammability, etc is essential. Also, petroleum jelly safety and storage recommendations help you to keep its quality, stay safe in industrial places, and handle large quantities properly. In this... https://infinitygalaxy.org/petroleum-jelly-production-process/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Petroleum-Jelly-Production-Process-6-infinity-full.webp Petroleum Jelly Production Process Petroleum jelly, also known as petrolatum and vaseline, is made of mineral waxes and oils. Understanding the production process of petroleum jelly can give information on its quality and purity. The petroleum jelly manufacturing process can be explained in three steps: Blending of Wax and Oils Hydrotreating Filtration Continue reading this article to learn more... https://infinitygalaxy.org/infinity-galaxy-presence-in-enmore-bitumen-conference-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Infinity-galaxy-Enmore-invitation-2024-infinity-full.webp Infinity Galaxy Presence in Enmore Bitumen Conference 2024 The 2024 Overseas China Bitumen Resources Networking Conference, hosted by Enmore group, will be held from June 18 -19, at the Marriott Hotel Hongqiao, Shanghai, China. Over 30 bitumen refineries, international traders, and transportation companies from the Middle East and many other countries will present in this conference. Infinity Galaxy is going to present in... https://infinitygalaxy.org/petroleum-jelly-packing/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Petroleum-Jelly-Packing-scaled-1-infinity-full.webp Petroleum Jelly Packing Petroleum jelly, which is also known as vaseline, can be packed in new plastic drums and new steel drums. The packing of petroleum jelly is designed to ensure the safe transportation and storage of petroleum jelly. It is important to know the differences between these packing and their specifications in order to choose the best... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-february-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Crude-Oil-HSFO-and-Bitumen-Prices-February-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices February 2024 Brent started February at 80 USD then increased to about 84. The price almost remained range bound during February which shows the uncertainty of the markets. If economic reports of March show a more improved situation, prices may increase. You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy... https://infinitygalaxy.org/petroleum-jelly-types-and-grades/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Petroleum-jelly-types-and-grades-scaled-1-infinity-full.webp Petroleum Jelly Types and Grades There are various petroleum jelly types and grades that are different based on their properties and applications. Petroleum jelly types can be divided into three main categories based on their uses: pharmaceutical, cosmetic, and industrial. The level of purification is the determining factor in the petroleum jelly grades. How are petroleum jelly grades determined? What... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-january-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Crude-Oil-HSFO-and-Bitumen-Prices-January-2024-infinity-full.webp Crude Oil, HSFO and Bitumen Prices January 2024 2024 started with Brent at around 77 with a sharp up and down during January. The market looked to be totally under the effects of the Middle East tensions. The price drove above 80 in the third week after heated tension. However, the sentiment started to turn bearish in the last days of the month.... https://infinitygalaxy.org/petroleum-jelly-uses-and-benefits/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/White-Petroleum-Jelly-2-scaled-1-infinity-full.webp Petroleum Jelly Uses and Benefits Petroleum jelly uses are various and can be divided into 3 categories based on its grades. Petroleum jelly is used in cosmetic, pharmaceutical, and industrial applications.There are different uses of petroleum jelly in skin care, skin diseases, or as a lubricant for plastic and metal objects.In the following, we provide a comprehensive review of petroleum... https://infinitygalaxy.org/petroleum-jelly-properties/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/Petroleum-jelly-properties-scaled-1-infinity-full.webp Petroleum Jelly Properties Petroleum jelly properties have a major role in selecting this product for industrial, cosmetic, or medical applications.Understanding the petroleum jelly properties will help you clear up any doubts or concerns you may have about using it.One of the determining properties of petroleum jelly is its color and purity.In the following, we will learn about the... https://infinitygalaxy.org/ac-grade-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/Infinity-Galaxy-Bitumen-Price-1200x633-1.webp AC Grade Bitumen Asphalt cement, or AC grade bitumen, is one of the most common types of viscosity grade bitumen. Viscosity grade bitumen is divided into two groups by the American Association of State Highway Officials (AASHTO): Asphalt Cement (AC) Grade Bitumen Aged Residue (AR) Grade Bitumen AC bitumen is classified into several grades, and they can be... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-december-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/Crude-Oil-HSFO-and-Bitumen-Prices-December-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices December 2023 December 2023 ended with oil of below $80. This happened while at the first of the year, forecasts believed that crude will be above $100. The price roughly touched 100 in 2023 and if fundamentals don't change, the market can't expect further progress. You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz... https://infinitygalaxy.org/vaseline-petroleum-jelly-tests/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/Vaseline-Petroleum-jelly-Tests-infinity-full.webp Vaseline Petroleum Jelly Tests Petroleum jelly or Vaseline tests measure the physical and chemical properties of petroleum jelly, such as color, purity, acidity, and flash point.These tests help us to understand in what industries petroleum jelly can be used, like skincare products, lubricants, and pharmaceuticals.In this article, you will read the definition and procedures of common petroleum jelly tests.... https://infinitygalaxy.org/what-is-petroleum-jelly-or-vaseline/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/Petroleum-Jelly-or-Vaseline-scaled-1.webp Petroleum Jelly or Vaseline: Everything You Need to Know Petroleum jelly, or Vaseline, is a widely used and well-known material that has been used for medical and cosmetic purposes. This product has been used as a moisturizer and healing gel for many years.Despite the popularity and common use of petroleum jelly, many details about it, like its contents, safety, and properties, are still unknown... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-november-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/Cover-november-infinity-full.webp Crude Oil, HSFO and Bitumen Prices November 2023 November experienced lots of complexity in crude oil and other commodities. Fear of the war in the Middle East and economic uncertainty continued and it led crude oil lower. 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... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-october-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/Cover-infinity-full.webp Crude Oil, HSFO and Bitumen Prices October 2023 October had a hectic situation for commodities with economic concerns and a new war between Israel and Hamas. After 4 consecutive months of growth, oil dropped by about 7% in October due to the uncertainties flowing in markets. You can watch the Weekly Infinity Crude Oil Forecast prepared by Mahnaz Golmohamadian on Infinity Galaxy YouTube... https://infinitygalaxy.org/base-oil-storage-handling-and-safety/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/IMG_7887-scaled-1-infinity-full.webp Base Oil Storage, Handling and Safety For having a clean and healthy base oil, suitable storage and handling guidelines are essential. Base oil is not a dangerous material, but knowing its specific details can help to maintain safety, reduce damages, and save money. In this article, the most important points of base oil storage, handling and safety will be reviewed. Base... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-september-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/Crude-Oil-HSFO-and-Bitumen-Prices-September-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices September 2023 September started with an absolute bullish sentiment but it slowed down a bit in the middle of the month. However, the overall result of the month was positive. 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... https://infinitygalaxy.org/caustic-soda-production-process/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Caustic-Soda-Production-scaled-1-infinity-full.webp Caustic Soda Manufacturing Process Caustic soda can be made through several processes as a liquid in different concentrations. Electrolysis, which means passing an electrical current through brine (salt dissolved in water), is a method that has been used for 120 years to produce caustic soda. It is performed in different cells included: membrane cell process, mercury cell process, and... https://infinitygalaxy.org/infinity-galaxy-in-media/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Infinity-Galaxy-in-Media-infinity-full.webp Infinity Galaxy in Media In this page, you can check the links of published contents of Infinity Galaxy in Media. Infinity Galaxy Latest Press Releases on Yahoo Finance! : How War in Ukraine Hits Russia's Global Bitumen Market Infinity Galaxy Expert Analysis: Four Major Key Drivers of Bitumen Price Infinity Galaxy Expert Review: The Middle East Bitumen Market in... https://infinitygalaxy.org/base-oil-applications/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Recycled-Base-Oil-SN150-Price-infinity-full.webp Base Oil Uses as Lubricant in Different Industries The main base oil application is as lubricants. This petroleum based product is the raw material in different lubricants such as grease. It can also be applied in automotive, aviation, and marine industries. Base oils are converted into the final product with the required additives; however, they typically make up 70–95% of the finished product.In... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-august-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Crude-Oil-HSFO-and-Bitumen-Prices-August-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices August 2023 Oil didn't have much luck on the first of August. The fears of economic breakdown were taking over the market more than before. It led to a decline after two months of constant growth. But in the last week of August, the page turned and bullish sentiments about tighter supply raised oil by about 6... https://infinitygalaxy.org/caustic-soda-packing/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/IMG_0911-scaled-1-infinity-full.webp Caustic Soda Packing: Polypropylene and Jumbo Bag Caustic soda, also known as sodium hydroxide (NaOH), is packed and stored using specific packing to ensure safety, prevent contamination, and maintain its quality. In order to deliver sodium hydroxide products to the customer, different packings are used. Caustic soda packings for its solid types are 25 Kg bags that are carried in jumbo bags... https://infinitygalaxy.org/base-oil-properties/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Base-Oil-Properties-2-scaled-1-infinity-full.webp  Base Oil Physical and Chemical Properties Base oil properties have a direct impact on the overall performance and lifetime of lubricants. To correctly transfer, maintain, and use the base oils, we have to first know their properties. In general, base oil properties are divided into two categories: physical and chemical, which will be explained further. This article gives you the most... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-july-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/Bitumen-HSFO-and-Crude-Oil-Price-July-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices July 2023 Extreme bullish sentiment in July 2023 evoked most petroleum products for August. Brent oil started July at $ 75.05 and ended up at $ 85.21 with a growth rate of about 12% in one month. The sharp increase set the scene for more bullishness in August. You can watch the Weekly Infinity Crude Oil Forecast... https://infinitygalaxy.org/what-is-caustic-soda-properties/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Caustic-Soda-Properties-scaled-1-infinity-full.webp Caustic Soda Physical and Chemical Properties Caustic soda has some physical and chemical properties that knowing them help us experience less risk when working with this material.  The caustic soda properties are key elements in understanding which type of caustic soda to use. In the following, caustic soda’s physical and chemical properties are explained further. Physical Properties of Caustic Soda These properties... https://infinitygalaxy.org/urea-types/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Urea-Types-scaled-1-infinity-full.webp Urea Types: Prilled vs Granular Urea fertilizer comes in different types. The two main types are prilled and granular. Urea can also be coated or uncoated. This guide explains the differences, so you can pick the right type for your needs. Prilled Urea Prilled urea is a form of nitrogen-rich solid fertilizer that has the ability to dissolve quickly in... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-june-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Crude-oil-hsfo-bitumen-prices-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices June 2023 During the last week of May, the price of crude oil decreased due to concerns about the US debt ceiling. However, on June 1, it experienced a slight increase after news of an agreement between the two American parties on increasing the debt ceiling. The bill has gained bipartisan support in the House of Representatives... https://infinitygalaxy.org/the-outlook-of-thailand-bitumen-and-middle-east-price-attractions/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Bitumen-Price-in-Thailand-infinity-full.webp The Outlook of Thailand Bitumen and Middle East Price Attractions On July 12, 2023, the 3rd AMEA Bitumen and Base Oil Convention and Exhibition was held at a Siam Kempinski hotel in Bangkok, Thailand. Mr. Ahmad Reza Yousefi, the CEO of Infinity Galaxy, was the speaker, and the topic was about why Iranian bitumen can be attractive to the Thailand market. You can watch this... https://infinitygalaxy.org/urea-applications/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Urea-Applications-scaled-1-infinity-full.webp Urea Applications Urea application plays a crucial role in agriculture as it provides necessary nutrients for healthy growth of plants. Also, different types of urea are used in plastics production, adhesives, coating wood, and other materials. Whether you're a farmer, skincare specialist, or just eager to know about the different applications of urea, this article provides valuable... https://infinitygalaxy.org/caustic-soda-handling-storage-and-safety/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Caustic-Soda-Handling-Storage-and-Safety-infinity-full.webp Caustic Soda Storage Tank, Handling, Container and Safety Caustic soda or Sodium Hydroxide is a chemical component that is used as an alkaline additive in many industries. Caustic soda is the strongest base among other bases, so we should pay attention to caustic soda storage. There are important considerations for caustic soda storage tanks. Additionally, if we do not consider the risks of... https://infinitygalaxy.org/what-is-urea/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/What-is-urea-nitrogen-46-scaled-1.webp What is Urea or Nitrogen 46% Fertilizer? Urea or Nitrogen 46% Urea or Nitrogen 46% is an organic crystalline solid with a low melting point. It is white and odorless which is highly soluble in water. Urea is derived mainly from natural gas and petroleum feedstocks, making it a petrochemical product. Urea is not acidic or alkaline. Its density is 1.32 g/cm³... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-may-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Crude-Oil-HSFO-and-Bitumen-Prices-May-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices May 2023 The fall of Brent and WTI oil prices was the most important news of the week, which started on May 1. The reasons for the fall were proposed by analysts, who cited weak demand in China due to a decrease in production in April and the first contraction in PMI Index since December 2022. Additionally,... https://infinitygalaxy.org/jey-embossed-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Jey-Bitumen-Price-infinity-full.webp Jey Embossed Bitumen | Jey Oil Bitumen Price Today Infinity Galaxy supplies Jey oil refinery bitumen grades in Asia, Africa and South America. In the below, you can check the updated Jey bitumen 60/70 FOB price:  Jey Embossed Bitumen Price Bitumen 60/70 - FOB Bandarabbas[single_price id="22230" font-size="20px"][single_price id="22230" font-size="20px" type="date"]  Jey Embossed Bitumen Price of Different PortDestination PortCFR Price (USD/MT)Mundra[single_price id="23495" font-size="20px"]Kandla[single_price id="23525" font-size="20px"]Nhava Sheva[single_price id="23526"... https://infinitygalaxy.org/rex-fuels-solvex-global-conference-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/005A0140-1-scaled-1-infinity-full.webp Rex Fuels & Solvex Global Conference 2023 It is with great pleasure that we at Infinity Galaxy announce Solvex Global Conference 2023, taking place from August 23rd to 24th in Grand Hyatt Hotel, Dubai, UAE. This conference is the 6th event for bitumen and petroleum products professionals and enthusiasts from around the world to come together, learn from each other, and share... https://infinitygalaxy.org/16th-china-asphalt-trade-conference/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/china-Conference-infinity-full.webp 16th China Asphalt Trade Conference New Mutual Investment Opportunities in China's Belt and Road Initiative (BRI) in Africa What is Belt and Road Initiative (BRI)? The Belt and Road Initiative (BRI) is a global infrastructure development strategy that was founded by China in 2013 and aims to invest in around 150 countries and international organizations. BRI is a Major Country... https://infinitygalaxy.org/argus-bitumen-roads-asia-conference-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/1694487617375-infinity-full.webp Argus Bitumen & Roads Asia Conference 2023  The International Argus Bitumen & Roads Asia Conference will be held on November 7th to 9th 2023 at Marina Bay Sands Singapore, Singapore. Infinity Galaxy will also have an active presence in this conference. The Infinity Galaxy team eagerly anticipates the chance to meet you at this significant event, anticipating a valuable exchange of information... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-april-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/Crude-Oil-HSFO-and-Bitumen-Prices-April-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices April 2023 In April 2023, France and some other European countries were trying to end Russia's war against Ukraine, but the economic effects of peace were uncertain. OPEC+ announced a production cut of 1.66 million barrels per day, leading to a 5% growth in oil prices, while the bankruptcy of three American banks contributed to Brent crude... https://infinitygalaxy.org/a-to-z-of-pvoc-plan-procedure/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/PVoC-2-infinity-full.webp A to Z of PVoC Plan Procedure Pre-Export Verification of Conformity (PVoC) The PVoC program is an inspection for exporting goods to ensure the compliance of the products with applicable standards in the destination countries. The inspection is carried out in the origin for destinations such as Kenya, Cameroon, and Tanzania.Some benefits of PVoC include: Simplifying the clearance of goods at the... https://infinitygalaxy.org/environmental-protection-as-a-social-responsibility-of-infinity-galaxy/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Social-Responsibility-of-Infinity-Galaxy-infinity-full.webp Environmental Protection as a Social Responsibility of Infinity Galaxy Infinity Galaxy as its social responsibility uses new wooden pallets in order to prevent microbes or any insects from being sent from the country of origin to export destinations. These pallets are disinfected by disinfectants so as not to harm the health of the ecosystem of the destination countries. The 1 MT jumbo bags are... https://infinitygalaxy.org/17th-china-bitumen-trading-conference/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/60a39f8c-c570-42be-b6b9-9b5139f72400-1-infinity-full.webp 17th China Bitumen Trading Conference The 17th International China Bitumen Trading Conference will be held on October 26th to 27th 2023 in China. Same as the previous year, Infinity Galaxy is once again poised to actively participate in this conference. Our Export manager, Ms. Razieh Gilani, is set to deliver a keynote speech at the upcoming Enmore Conference. The topic... https://infinitygalaxy.org/caustic-soda-applications-in-agriculture/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Caustic-Soda-Applications-in-Agriculture-infinity-full.webp Caustic Soda Uses in Agriculture Caustic soda plays an important role in agriculture including pH control, cleaning and sanitation, pesticide production, crop harvesting and animal feed processing.   In the following, you can read more details about caustic soda applications in agriculture. pH Control Caustic soda is used in agriculture to control the pH level of soil and water. It is... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-march-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Crude-Oil-HSFO-and-Bitumen-Prices-March-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices March 2023 In March, Brent crude oil had a weak movement with slight comebacks to expected price levels due to incentives from the Federal Reserve. The oil price closed at around $74.49, with WTI settling above $69.19 on March 24. The price was influenced by an increase in interest rates during the week, and the complex economic... https://infinitygalaxy.org/infinity-galaxy-presence-in-baiex-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/BAIEX-2023-infinity-full.webp Infinity Galaxy Presence in BAIEX 2023 The 14th International Exhibition of Bitumen, Asphalt, Insulators Exhibition (BAIEX) took place on December 13th to 16th 2023 at the Tehran International Exhibition. As in previous years, Infinity Galaxy also had an active presence in this exhibition.This exhibition was held in order to display and introduce the latest technologies, products and services related to the... https://infinitygalaxy.org/slack-wax-vs-paraffin-wax/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Slack-Wax-vs-Paraffin-Wax-2-infinity-full.webp Slack Wax vs Paraffin Wax  Slack wax and paraffin wax are two different types of waxes. Slack wax is the raw material of paraffin wax. Slack Wax is one of the by-products of the dewaxing process, which removes the waxy components from crude oil. It is yellow or brown material and has high viscosity. Paraffin wax is a crystalline transparent material manufactured by... https://infinitygalaxy.org/examining-the-trend-of-crude-oil-fuel-and-bitumen-prices-in-the-second-half-of-2022-1401-and-determining-their-correlation/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Examining-the-Trend-of-Crude-Oil-Fuel-and-Bitumen-Prices-in-the-Second-Half-of-2022-1401-and-Determining-their-Correlation-infinity-full.webp Examining the Trend of Petroleum Based Products Prices in the Second Half of 2022 In the final days of the year 1401, I decided to investigate the trend of crude oil, fuel, and bitumen prices in the tumultuous second half of this year. The year 2022 was influenced by the war between Russia and Ukraine, which caused prices to experience unprecedented growth; the price of oil reached its highest... https://infinitygalaxy.org/the-6th-china-international-import-expo/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/The-6th-China-International-Import-Expo-2-infinity-full.webp The 6th China International Import Expo The 6th China International Import Expo (CIIE) is an international trade event that showcases China's commitment to global trade and cooperation. This prestigious expo is hosted by the Chinese government and organized by the Ministry of Commerce of the People's Republic of China. It serves as a platform for countries and companies from around the... https://infinitygalaxy.org/paraffin-wax-types-and-grades/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/paraffin-infinity-full.webp Paraffin Wax Types and Grades: Fully-Refined and Semi-Refined Paraffin Wax Paraffin wax grades are achieved from the slack wax dewaxing process. These grades are classified into 3 types based on the oil content. Fully-refined paraffin wax Semi-refined paraffin wax Crude paraffin wax Generally, paraffin wax with less oil has higher quality and more transparency.  In the below, you can read more details about the different... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-february-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Crude-Oil-HSFO-and-Bitumen-Prices-February-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices February 2023 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%... https://infinitygalaxy.org/infinity-galaxy-presence-in-the-solvex-global-conference-2023-uae/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/Rex-Fuels-and-Solvex-Conference-infinity-full.webp Infinity Galaxy Presence in the Solvex Global Conference 2023, UAE On 26th January 2023, in the Rex Fuels and Solvex Global Conference, Ms. Razieh Gilani, the export manager of Infinity Galaxy, presented a speech on: "A Recap on the Bitumen Price of the Last Quarter of 2022 and Possible Scenarios of the First Quarter of 2023 in the Middle East" In this speech, she briefly... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-january-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/Crude-oil-HSFO-and-bitumen-Prices-January-2023-infinity-full.webp Crude Oil, HSFO and Bitumen Prices January 2023 In the first week of January, crude oil and all the other markets were quiet and dull due to the Christmas Holidays. In the second week, financial markets started 2023 on Wednesday 4th January and crude oil only fell further. Bitumen stayed in the former price ranges in most areas.  In the third week of... https://infinitygalaxy.org/advantages-disadvantages-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/WhatsApp-Image-2023-01-03-at-13.16.43-1-infinity-full.webp What are the Advantages and Disadvantages of Bitumen Emulsion? Bitumen emulsion is becoming popular in advanced countries due to its benefits, ease of use, and better environmental compatibility. There are positives and negatives to every product, including bitumen emulsion. The purpose of this article is to provide a comprehensive list of the advantages and disadvantages of bitumen emulsion. Advantages of Bitumen Emulsion 1- The water... https://infinitygalaxy.org/cutback-bitumen-production-process/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/20221225_135224-scaled-1-infinity-full.webp Cutback Bitumen Production Process Cutback bitumen is produced by dissolving penetration bitumen with petroleum based solvents. The production steps of cutback bitumen include the following: Preparation of bitumen and solvent Mixing bitumen and solvent with the help of a suitable stirrer or pump The above steps must be done under expert supervision and in safe conditions. Also, the amount... https://infinitygalaxy.org/emulsion-cutback-differences/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/emul-vs.-cut-Copy-infinity-full.webp What Are the Differences Between Bitumen Emulsion and Cutback Bitumen? Cutback bitumen and bitumen emulsion are both in the category of liquid bitumen, but they have many differences. The main difference between cutback bitumen and bitumen emulsion is the type of material used to make them. In bitumen emulsion, water and emulsifiers are used. On the other hand, solvents obtained from the distillation tower are used... https://infinitygalaxy.org/types-grades-cutback-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/photo1661687225-1.webp Different Types of Cutback Bitumen and Their Grades Cutback bitumen is a liquid bitumen obtained by dissolving penetration bitumen in a solvent. The solvents are obtained from the oil distillation process in refineries.  Depending on the drying time or, in other words, the rate of solvent evaporation, cutback bitumen can be classified into three types: Slow-Curing (SC) Rapid-Curing (RC)  Medium-Curing (MC)  Note: The... https://infinitygalaxy.org/international-bitumen-standards/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/bitumen-standards-infinity-full.webp International Bitumen Standards - ASTM, AASHTO, CEN, IS and AS International standard systems are the best way to measure bitumen characteristics based on the country or region's conditions. The bitumen standard test methods can be a common language for anyone who deals with bitumen, such as civil engineers, exporters, producers, importers and every consumer. The most well-known standard systems that also provide standards for measuring... https://infinitygalaxy.org/cut-back-bitumen-uses/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/Cut-back-bitumen-applications-infinity-full.webp Cut Back Bitumen Uses The main cutback bitumen application is in the road construction. Cut back bitumen as a liquid bitumen doesn’t need to be heated before using, so it can be used easily in the cold regions. Read more about cut back bitumen applications in this post. Cut Back Bitumen Applications in Road Construction Cold Asphalt: Cold asphalt... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-december-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/4-infinity-full.webp Crude Oil, HSFO and Bitumen Prices December 2022 In the first week of December, a bit of growth in crude oil could not fade the fear in the market. OPEC was firm on the production cuts for the first half of 2023. In the second week of this month, petrochemicals and fuel fell further along with oil. Crude got to its lowest price... https://infinitygalaxy.org/how-to-read-and-analyze-the-sgs-report/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/Read-and-Analyze-the-SGS-Report-1-infinity-full.webp How to Read and Analyze the SGS Report? The SGS company inspects the cargo in the customs and prepares a SGS report before exporting.  The SGS report consists of 6 sections: Customer Information  Marking  Packing  Containers’ Data  Quantity  Lab Analysis The most important part of this report is lab analysis. This part consists of different parameters which shows the cargo's quality. In this... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-november-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/Crude-Oil-HSFO-Bitumen-Price-November-2022-infinity-full.webp Crude Oil, HSFO and Bitumen Prices November 2022 Crude growth during the first week of November made many hopeful for $100 oil. Bitumen and fuel had lively markets as well. In the second week of November, volatile market of crude oil kept most of the commodity traders in limbo. In the third week of November, crude oil's sudden plunge caused a confusing market... https://infinitygalaxy.org/bitumen-emulsion-production-process/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/bitumen-emulsion-production-infinity-full.webp Bitumen Emulsion Production Process Bitumen emulsion is a liquid mixture that contains bitumen, water, an emulsifier and some additives.  Mixing bitumen and water occurs through a particular mill called a colloidal mill. It breaks the bitumen into fine droplets.  As a result, it makes it easier for the emulsifier molecules to reach the bitumen droplets to suspend and disperse them in... https://infinitygalaxy.org/singapore-bitumen-price-4/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/singapore-bitumen-price-e1680509657747.webp Singapore Bitumen Price Singapore Bitumen PriceBitumen 60/70 FOB Singapore (Bulk)473-475$HSFO 180 CST FOB Singapore402-406$2023-03-16 Singapore Bitumen Singapore is an important Asian shipping center. This port is often considered one of the world's top ِfive hubs in the oil trade. The three important refineries in Singapore and their production levels are: ExxonMobil, with a capacity of 605,000 barrels per... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-october-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Crude-Oil-HSFO-Bitumen-Price-October-2022-infinity-full.webp Crude Oil, HSFO and Bitumen Prices October 2022 Crude oil closed with over a 10% plunge in September. In the second week of October, crude oil had the biggest weekly growth since March 2022 and it shocked the market.  In the third week of October, crude oil fell by over 6%. But Bitumen surprisingly increased or stayed steady. You can watch the Weekly... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-september-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Crude-Oil-HSFO-Bitumen-Price-September-2022-infinity-full.webp Crude Oil, HSFO and Bitumen Prices September 2022 The fall of crude oil in the first week of September, for the third consecutive month, slowed down bitumen growth but couldn’t stop it for this month. All Markets lingered in shock of oil as crude suddenly fell by 8% and quickly recovered after.  Generally, the last week of September was full of surprises and... https://infinitygalaxy.org/crude-oil-hsfo-and-bitumen-prices-august-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Crude-Oil-HSFO-and-Bitumen-Price-August-2022-1-infinity-full.webp Crude Oil, HSFO and Bitumen Prices August 2022 Our team at Infinity Galaxy has prepared price charts of two important factors that influence the bitumen price, which are crude oil and HSFO. The last chart shows bitumen price fluctuations of three key players in the bitumen market: Singapore, South Korea, and Iran. You can watch the Weekly Infinity Crude Oil Forecast prepared by... https://infinitygalaxy.org/bitumen-emulsion-css1h/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/photo1661687225-1.webp Bitumen Emulsion CSS-1h Bitumen emulsion CSS-1h is a mixture of bitumen droplets in the water phase with the help of a cationic emulsifier dissolved in water. It is a slow setting, as a result, it takes time for CSS-1h to dry after it is applied to a surface. There is nearly 60% bitumen in CSS-1h with a high penetration value and the... https://infinitygalaxy.org/storage-handling-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/emulsion-storage-tank-infinity-full.webp Storage and Handling of Bitumen Emulsion Bitumen emulsion consists of fine bitumen droplets that are dispersed and suspended in the aqueous phase. These small droplets may join together and form clots. In this condition, it is said that the emulsion loses its stability and as a result, its properties change.  Maintaining bitumen emulsion stability and therefore its properties can be subjected... https://infinitygalaxy.org/what-is-the-difference-between-hot-mix-and-cold-mix-asphalt/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Hot-Mix-Asphalt-infinity-full.webp What are the Hot Mix Asphalt and Cold Mix Asphalt? What are Their Differences? Hot Mix Asphalt and Cold Mix Asphalt are two common asphalt types used in road construction. They differ significantly in their composition, production processes, and applications. Keep reading this article to learn about their definition and differences. What is Cold Mix Asphalt? Cold Mix Asphalt (CMA) is a type of asphalt that can be used... https://infinitygalaxy.org/bitumen-emulsion-k1-60/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/photo_5789465144932285485_y-infinity-full.webp Bitumen Emulsion K1-60 Bitumen Emulsion K1-60 is the Cationic Rapid Setting type bitumen emulsion. This type of liquid bitumen is harmless compared to cutback bitumen. The bitumen content of bitumen emulsion K1-60 is approximately 57% and the rest of the emulsion  is water, cationic emulsifier and additives.  The HS code of K1-60 is 27150090. This grade of bitumen... https://infinitygalaxy.org/bitumen-emulsion-crs1/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/photo_5789465144932285494_y-infinity-full.webp Bitumen Emulsion CRS-1 CRS 1 or cationic rapid setting type of bitumen emulsion is a type of liquid bitumen that has a low viscosity. It contains about 40% aqueous solution and 60% bitumen. The ingredients of the aqueous solution include water, an emulsifier, and additives. The fine drops of bitumen are dispersed in water by a cationic emulsifier, which... https://infinitygalaxy.org/bitumen-emulsion-k1-40/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Bitumen-Emulsion-K1-40-infinity-full.webp Bitumen Emulsion K1-40 Bitumen Emulsion K1-40 or Cationic Rapid Setting type bitumen emulsion is a type of non dangerous liquid bituminous product which consists of minimum 40% bitumen penetration grade or viscosity grade and 60% water, cationic emulsifier and different types of additives.  The Bitumen Emulsion K1-40 is compliant with the BS EN: 13808:2013. Read more about Bitumen... https://infinitygalaxy.org/caustic-soda-types/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Caustic-Soda-infinity-full.webp Caustic Soda Types : Flakes, Pearls and Liquid Caustic Soda is a white component which is manufactured in different types including caustic soda flake, pearl and liquid. Although, all these types are caustic soda (NaOH), their applications and shapes are different.  In the following article, you can read more details about each type of caustic soda. Caustic Soda Pearls (Granulated Caustic Soda) Caustic... https://infinitygalaxy.org/bitumen-emulsion-k1-70/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/photo_5789465144932285492_y-infinity-full.webp Bitumen Emulsion K1-70 Bitumen Emulsion K1-70 or Cationic Rapid Setting type bitumen emulsion is a type of hazard free liquid bitumen which consists of approximately 33% water and cationic emulsifiers and different types of additives and 67% bitumen penetration grade or viscosity grade bitumen.  The Bitumen Emulsion K1-70 is compliant with the KS 02-769: 1990 Standards. The HS... https://infinitygalaxy.org/bitumen-applications-and-uses/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Bitumen-Applications-infinity-full.webp Bitumen Uses and Applications The vast majority of bitumen uses, approximately 85 %,  is in road construction. It can also be used in other cases including Waterproofing, Roofing and Coating. Generally, bitumen can be used in more than 7 fields which includes more than 130 applications.  In the article below, we will clarify different uses of bitumen. General Bitumen... https://infinitygalaxy.org/bitumen-emulsion-css1/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Bitumen-Emulsion-CSS1-infinity-full.webp Bitumen Emulsion CSS1 Bitumen Emulsion CSS1 or Cationic Slow Setting type bitumen emulsion is a type of non hazardous liquid bitumen which consists of approximately 40% water and  cationic emulsifiers and different types of additives and 60% bitumen penetration grade or viscosity grade bitumen.  The HS Code of Bitumen Emulsion CSS1 is 27149090 and it can be produced... https://infinitygalaxy.org/iran-bitumen-refineries-manufacturers/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/iran-bitumen-manufacturers-infinity-full.webp Iran Bitumen Refineries and Manufacturers Iran is the 5th producing bitumen country with an annual production of nearly 5 Million MT. Iran has different refineries which produce bitumen with high quality and workable price. They are located in different cities and sometimes are popular by the city's name such as Isfahan bitumen and Bandar Abbas bitumen. Check FOB Bandar Abbas Bitumen Price here. Among bitumen... https://infinitygalaxy.org/oil-market-changer-decisions-of-opec/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/InfinityGalaxy-OPEC-Plus-infinity-full.webp Oil Market Changer Decisions of OPEC+ During the 33 meeting of OPEC+, the world’s largest oil cartel, since its establishment in December 2016, important decisions have been made that affected the whole world. In this article, Infinity Galaxy tries to illustrate eight important meetings and decisions by an Infographic. December 10, 2016: After two years of oil plunge, 13 OPEC members... https://infinitygalaxy.org/bitumen-properties/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/ZOM8948-1-infinity-full.webp Chemical and Physical Properties of Bitumen Bitumen is a mixture of heavy organic molecules with a specific gravity between 1.01 and 1.06. Bitumen properties have an essential role in its classification. It is mostly classified based on physical properties such as penetration and viscosity. Also, softening point, ductility, and flash point are the other properties of bitumen that are important in... https://infinitygalaxy.org/use-bitumen-waterproofing/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/cover-bitumen-use-in-waterproofing-infinity-full.webp Use of Bitumen in Waterproofing Waterproofing is a method to prevent the penetration of water or other liquids into the surface or system. Waterproof systems also resist corrosion and moisture damage. This will extend the structure's life and reduce its maintenance costs. Various materials can be used for waterproofing, but bitumen is most commonly used for a long time. Our ancestors used natural... https://infinitygalaxy.org/bitumen-emulsion-applications-road-construction-repair-maintainance/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/application-of-bitumen-emulsion-in-road-construction-infinity-full.webp Applications of Bitumen Emulsion in Road Construction, Repair, and Maintainance It Major applications of bitumen emulsion are in road construction works, such as soil stabilization and sticking asphalt layers well together. Also, it is used for the improvement of old asphalt surfaces by filling cracks and insulation. Bitumen emulsion is effective in insulation and waterproofing application besides road construction. In this article, the application of emulsion bitumen in... https://infinitygalaxy.org/caustic-soda-applications/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Caustic-Soda-Application-1-infinity-full.webp Caustic Soda Applications in Different Industries Caustic soda or Sodium hydroxide uses are seen in different industries and generally, it plays a vital role in processes such as, making drugs and bauxite purification to food related industries and oil refining.  In the following, you can find out more details about applications of caustic soda. Caustic Soda Uses in Food Processing Caustic... https://infinitygalaxy.org/different-types-and-grades-of-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/01/5958_vysokovyazkaya-neft-infinity-full.webp Different Types and Grades of Bitumen Emulsion Bitumen emulsion is classified into different types based on the electrical charge of fine drops of bitumen and the setting time of bitumen content. These two factors are controlled by the emulsifier. The degree of hardness and viscosity of bitumen is also effective in grading types of emulsion bitumen. Now that you have gained general knowledge, let's take... https://infinitygalaxy.org/bitumen-market-condition-in-india-in-may-and-june-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/05/Banner-15-e1619903181222.jpg Bitumen Market Condition in India in May and June 2022 Generally, below factors have affected mainly on the Indian bitumen market condition in May and June: Inflation Monsoon Russia-Ukraine war Infinity Galaxy, the international bitumen supplier, has published a review on the bitumen market in India in the recent two months of 2022. In the first fortnight of May 2022, India's inflation was around 7.04,... https://infinitygalaxy.org/bitumen-emulsion-tests/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/Bitumen-Emuslion.jpg Bitumen Emulsion Tests Bitumen emulsion tests have 4 categories which includes 20 types of bitumen tests generally.  Each of these categories are as below: 5 tests that determine the amount of bitumen emulsion components 1 test which measures the concentration percentage of bitumen emulsion 8 tests that determine the stability of bitumen emulsion 6 tests that are performed... https://infinitygalaxy.org/infinity-galaxy-expert-analysis-four-major-key-drivers-of-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/Factors-Affect-Bitumen-Price-Infinitygalaxy-2-01.png Infinity Galaxy Expert Analysis: Four Major Key Drivers of Bitumen Price The bitumen price went through ups and downs in the last 100 weeks from September 2020 until August 2022. The minimum price was 220 USD/MT and the maximum price soared to 505 USD/MT. Infinity Galaxy, an international bitumen supplier and market analyst, has statistically analyzed the influential factors on bitumen price during the last 100... https://infinitygalaxy.org/infinity-galaxy-expert-report-on-chaotic-bitumen-market-after-the-4th-freight-hike-in-2021/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/The-Affect-of-Freight-on-Bitumen-Market-e1686480603655.jpg Infinity Galaxy Expert Report on Chaotic Bitumen Market after the 4th Freight Hike in 2021 Shipping companies increased their shipping costs in the second week of November for the fourth time in 2021. This is the first time in the last few years that shipping companies increase their freight costs four times a year. Infinity Galaxy, an international bitumen supplier, has released a report on the current highly volatile freight... https://infinitygalaxy.org/capacity-comparison-between-40-and-20-containers/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Bitumen-Loaidng-Difference-of-40-ft-and-20-ft-containers-1.jpeg Capacity Comparison Between 40' and 20' Containers Infinity Galaxy's operation team has shown you the difference in the arrangement and number of new steel drums inside each 20' and 40' container in the video below. In each 20’ container, 110 new steel drums weighing about 20 tons are loaded. In each 40’ container, 137-138 new steel drums equal to 26 tons of... https://infinitygalaxy.org/cationic-bitumen-emulsion/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Cationic-Bitumen-Emulsion.jpg Cationic Bitumen Emulsion The cationic bitumen emulsion is a stable mixture of fine droplets of bitumen dispersed continuously in water by a chemical material called cationic emulsifier. Compared to other bitumen emulsions, cationic bitumen emulsion is more widely used around the world. It is used for surfacing, cold mix asphalt, and road construction. Let's become deeper into this... https://infinitygalaxy.org/bitumen-manufacturers-in-the-world/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/refinery.jpg Top 6 Bitumen Manufacturers in the world Many bitumen manufacturers exist in different regions of the world that produce different grades of bitumen based on the market needs. The 6 international and reliable bitumen manufacturers in the world are listed below. If you are eager to know these manufacturers, follow this article. ROSNEFT (GERMANY) Rosneft is Germany's third largest petroleum refinery. It... https://infinitygalaxy.org/paraffin-wax-manufacturers-in-the-world/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/Paraffin-Wax-Manufacturers-1.jpg 7 Biggest Paraffin Wax Manufacturers in the World Finding committed paraffin wax manufacturers is one of the concerns of those working in industries related to this material.  Since nowadays the lubrication, electrical insulation, and candle industry has been developed, the inquiry for paraffin wax has increased because paraffin wax is the raw material in these industries.  In the article below, you can read... https://infinitygalaxy.org/base-oil-manufacturers-in-the-world/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/base-oil-report.jpg Base Oil Manufacturers in the World - 7 Well Known Producers of Base Oil In today's industrialized world, there is a strong need for base oils to improve the performance of many industries' equipment. Therefore, many of these industries are looking to select reliable base oil manufacturers around the world.  If you own a business that uses base oil or you are dealing with this product and require to... https://infinitygalaxy.org/jey-oil-company/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/Panorama12.jpg Jey Oil Company Jey oil company is one of the oldest and reliable refineries in the Middle East. It was established in 2003 in Iran as a governmental company. After Pasargad Oil Company, it has the largest share of bitumen production in Iran. Jey oil produces different types of bitumen with high quality. The nominal capacity of the... https://infinitygalaxy.org/pasargad-oil-company/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/pasargad.jpg Pasargad Oil Company Pasargad Oil Company (POC) is one of the biggest bitumen producers in the Middle East. It was established in 2003. This company is a governmental refinery.  Pasargad Oil Company (POC) has 6 refineries in different cities of Iran. They produce bitumen with a wide variety and high quality based on international standards. Approximately 1.5 million... https://infinitygalaxy.org/bitumen-flexitank/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/Flexi-Tank1-1.webp Bitumen Flexitank Specification and Advantages Bitumen Flexitank Definition Flexitank is a type of bitumen and liquid petrochemical packing. It is suitable for non-corrosive and non-hazardous liquid products. Being cost-effective and eco-friendly have made this packing popular in different industries. Contrary to steel drums and IBC, it contains more bitumen. Flexitank is a kind of single and multi-layer thick bag. Based on the... https://infinitygalaxy.org/caustic-soda-manufacturers-in-the-world/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/Caustic-Soda-Manufacturers-in-the-World.jpg Caustic Soda Manufacturers in the World There are many Caustic Soda manufacturers in almost every developed country and also countries with an active petrochemical or chemical industry. Simultaneously, because this product is critical and necessary for the continuation of various industries' operations, and its supply is an inevitability, many countries produce more of it than they require to meet international demand.... https://infinitygalaxy.org/bitumen-emulsion-grades/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/Bitumen-Emulsion-Supplier.jpg Bitumen Emulsion Definition, Types and Grade Bitumen Emulsion Bitumen emulsion is a liquefied type of bitumen with a low viscosity. By dispersing bitumen in water and adding an emulsifier, ordinary bitumen turns into a low viscosity liquid that can easily be used in a variety of applications, including repairing and maintaining roads, waterproofing, spraying, etc. Emulsions make it easy to handle, store,... https://infinitygalaxy.org/gilsonite/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/IMG_0732-scaled-1.jpg Gilsonite or Natural Bitumen Introduction Gilsonite is the natural bitumen that can be extracted from the mines in the lump form with different ash content.  These lumps can be used in the same form in industry. But, for easier and faster progress in work, it can also be used as a micronized powder. Infinity Galaxy as an international bitumen supplier provides gilsonite... https://infinitygalaxy.org/caustic-soda-applications-food-industry/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/Caustic-Soda-in-Food-Industry-scaled-1.jpg Sodium Hydroxide Uses in Food Industry Some believe traces of caustic soda are present in the production and preservation of every food we eat. People may not have even heard of sodium hydroxide or caustic soda , but they come into contact with it on a daily basis. The food industry uses sodium hydroxide in food both traditionally and modernly due to... https://infinitygalaxy.org/caustic-soda-pulp-paper-industry/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/Caustic-Soda-in-Paper-Industry-scaled-1.jpg Caustic Soda in Pulp and Paper Industry Caustic Soda or sodium hydroxide is one of the most widely used products in the pulp and paper industry. In this article, we will look briefly at Caustic Soda applications in this industry. Traditionally, Caustic Soda has been used in almost every stage of paper production. Besides, in recent years, due to environmental concerns about... https://infinitygalaxy.org/jumbo-bag-environmental-bitumen-packing/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/grade-60-70-jumbo-infinity-galaxy-scaled-e1697455296739.jpg Jumbo bag, the Eco-Friendly Packing that Saves Environment from Millions of Drums Jumbo Bag, the Economical Packing that Rescues the Environment from 362 Million Drums Annually Jumbo bag is an environmentally friendly packaging that has emerged to make a gigantic revolution in the packing industry. This type of packaging has recently become very popular. In the video below we have reviewed the detailed about jumbo bag: Recently,... https://infinitygalaxy.org/penetration-grade-bitumen-80-100/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/InfinityGalaxy-61.jpg What is Bitumen 80/100? Penetration Grade Bitumen 80/100 Bitumen Penetration 80/100 is a type of penetration grade bitumen which is used to make the hot mix asphalt for base course and surface course. This type of bitumen is a soft bitumen which is suitable for cold climates. Bitumen 80/100 density is in the range  980 to 1050 kg/m³ at... https://infinitygalaxy.org/mc30-cutback-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/Cut-Back-Bitumen-MC30.png Cut Back MC30 Definition, Specification and Application MC30 MC-30 is a type of medium curing cutback bitumen which is suitable for cold regions. It applies in road maintaining operations, including tack coats and slurry seals. This type of liquid bitumen comprises a penetration grade bitumen and a petroleum based solvent. Liquid bitumen is classified into four different types: Cut Back and bitumen emulsion. According to the kinematic viscosity... https://infinitygalaxy.org/is-coronavirus-rearranging-the-world-superpowers/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/CoronavirusRearrangingTheWorldSuperpowers-InfinityGalaxy.jpg Is Coronavirus Rearranging The World Superpowers? In 1898, "The Treaty of Paris" was signed by the United States and Spain to end the war between the two countries. It was the birth of a new superpower called the United States of America in the world. The global disasters such as World War I (1914-1918), the Spanish flu pandemic (1918-1920), the Great... https://infinitygalaxy.org/what-is-soda-ash-meaning-applications/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/11/Ligh-SodaAsh-InfinityGalaxy3.jpg General Description of Soda Ash; Application and Specification Sodium carbonate is an inorganic intense alkaline compound with the formula Na2CO3. Sodium carbonate is also known as soda ash or Soda Crystals or washing soda. Na2CO3 exists naturally and artificially. Ashes of trees grown in sodium-rich fields are excellent sources of Sodium carbonate. The natural method produces a limited amount; hence it is commonly... https://infinitygalaxy.org/sponge-iron/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/11/InfinityGalaxy-DRI-DirectReducedIron-2.webp What is Direct Reduced Iron (DRI) Direct reduced iron (DRI) also known as sponge iron, is a product of direct reduction of iron ore in various forms such as lumps, pellets, or fines. About 5% of global steel is produced from sponge iron (DRI), and this trend is increasing. Through the direct reduction of iron ore, oxygen is expelled from the... https://infinitygalaxy.org/iraq-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/Bitumen-Weekly-Report-18-July-2024.jpg Iraq Bitumen In 2021, Iraq exported more than 1,661,043 tons of bitumen 60/70 to more than 20 countries. In recent years, Iraq Bitumen 60/70 which is a positive spot test bitumen penetration grade has become popular in many markets due to its low price. You can read more details about this type of bitumen on this page. Iraq Bitumen... https://infinitygalaxy.org/a-comparison-of-the-economic-plans-of-donald-trump-joe-biden/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/10/Galaxy_Analysis_Bitumen-Market-2.jpg A Comparison of the Economic Plans of Donald Trump & Joe Biden Donald Trump vs. Joe Biden The US economy is currently facing a difficult condition that it has not seen since 2008, the Great Depression. Due to the outbreak of the Coronavirus, America is experiencing a sudden increase in the unemployment rate and a fall in incomes. Despite the economic growth over the past several years,... https://infinitygalaxy.org/difference-bitumen-asphalt-tar/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/09/The-difference-between-bitumen-asphalt-and-tar.jpg What are the Differences Between Bitumen, Tar and Asphalt? The difference between bitumen, tar and asphalt is in their origin, applications, price, physical and chemical properties. Bitumen and tar are closely similar to each other but asphalt is completely a different composition from bitumen and tar.  In the below, you will read the details about each of these factors that shows the differences between... https://infinitygalaxy.org/where-does-bitumen-come-from/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/07/where-does-bitumen-come-from-ig.webp Sources of Bitumen Where Does Bitumen Come From  ? The sources of bitumen are both natural and processed. In this article we state two sources of bitumen: Refinery bitumen  Natural bitumen Refinery bitumen can be obtained by air blowing through vacuum bottoms in petroleum refineries. But, the natural bitumen can be extracted from the mines or derived from... https://infinitygalaxy.org/how-oil-prices-were-affected-by-coronavirus-in-2020-video/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/06/Coronavirus_Oil_Price.png How Oil Prices were affected by Coronavirus in 2020 + Video For the future of the oil industry, the Coronavirus pandemic is a key concern. Fears of low demand increase, as Coronavirus sets new records across the world. It is though unclear what will come next. To better predict the future of the world’s economic growth, it is vital to have an updated understanding of the... https://infinitygalaxy.org/fighting-against-corona-virus-by-caustic-soda/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/05/castic-soda-infinity-galaxy.jpg Fighting against Coronavirus by Caustic Soda Are you ready to fight against #coronavirus? Then you might need some #caustic_soda as sanitizer and disinfectant. Scientists believe coronavirus is likely to be sensitive to disinfectants like caustic soda. That’s why every family needs this substance for cleaning surfaces such as glass, plastic, or metal from the virus. Caustic soda or sodium_hydroxide is a... https://infinitygalaxy.org/the-longest-experiment-on-bitumen-viscosity/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/05/Infinity-Galaxy-2020-2.jpg The Longest Experiment on Bitumen Viscosity Did you know that the longest experiment in the world is the measurement of bitumen viscosity? Known as the “Pitch drop experiment”, this experiment has started in 1927 by Thomas Parnell of the University of Queensland. At room temperature, bitumen flows at a very low rate, taking several years to form a single drop. From 1927... https://infinitygalaxy.org/decline-in-the-price-of-wti-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/04/Infinity-Galaxy.jpeg Decline in the Price of WTI Crude What is serious about the unprecedented decline in the price of WTI crude? The price of May contracts for West Texas crude fell into negative territory (minus $37.63 a barrel) yesterday; which means oil producers that are running out of storage capacity, prefer to offer the lowest prices we could ever imagine. WTI crude price... https://infinitygalaxy.org/infinity-galaxy-at-asia-middle-east/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/12/unnamed-file.jpg Infinity Galaxy at AME Bitumen and Road Construction Conference 2020 From 8 to 9 January, Infinity Galaxy is going to be at 𝐀𝐬𝐢𝐚 & 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 (𝐀𝐌𝐄) 𝐁𝐢𝐭𝐮𝐦𝐞𝐧 𝐚𝐧𝐝 𝐑𝐨𝐚𝐝 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝟐𝟎𝟐𝟎 in Dubai. This conference is organised by Rex Fuels in order to bring together the leading market participants from across the bitumen and road construction value chain to network, share experiences and... https://infinitygalaxy.org/infinity-galaxy-in-the-5th-amea-bitumen-conference-2020/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/12/Infinity-Galaxy-2020.jpg Infinity Galaxy in the 5th AMEA Bitumen Conference 2020 Infinity Galaxy is honored to accompany Petrosil group and Bitumart in the 5th Asia, Middle East and Africa (AMEA) Bitumen and Base Oil Conference in Dubai on January 15-16, 2020. The 5th AMEA Bitumen Conference and Exhibition is themed “Connecting the Dots of an Evolving Global Bitumen Market”, aiming to bring together leading industry players... https://infinitygalaxy.org/latest_news-10th-december/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/12/infinity-galaxy-latest-news.jpg Latest News December 10th, 2019 In this post we had a brief review of latest news items in the oil market in 10th of December 2019. Among our headlines is an important news about IMO 2020 and Global refiners turn to cleaner shipping fuels. https://infinitygalaxy.org/this-is-how-bitumen-has-served-our-ancestors/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/infinity-galaxy-.jpg This is How Bitumen Has Served Our Ancestors An ancient but natural petroleum that built many old boats more than 4000 years ago Everything we know as bitumen, has its roots in the Middle East. The ancient region was filled with natural resources of bitumen, which was a great substance for construction of buildings and water-proofing of boats. Archeologists call Mesopotamia a landscape of waterways. Boats... https://infinitygalaxy.org/infinity-galaxy-will-attend-the-5th-amea-conference-as-an-exhibitor/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/InfinityGalaxy-.jpg Infinity Galaxy Will Attend the 5th AMEA Conference as an Exhibitor Infinity Galaxy will present as an exhibitor in the 5th middle east, Asia, and Africa bitumen conference on January 2020 in Dubai. As the fourth previous conferences, Infinity Galaxy will strive to make new opportunities for collaboration by direct contact with the customers. All business costumers and traders are invited to attend this conference. AMEA... https://infinitygalaxy.org/products-packages/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Infinity-Galaxy-Packages-F-01.webp Our Products Packages Products Package List Supplied by Infinity Galaxy In the following, the list of packages for the produces which are supplying by Infinity Galaxy are provided: 3 Types of Bitumen Packing Bitumen PackingTypePictureDescriptionNew Steel DrumDifferent types of new steel drums are available: 180 kg - Height 980 mm 150 kg - Height 860 mm 156 kg... https://infinitygalaxy.org/new-steel-drum/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/BitumenNewSteelDrum.jpg New Steel Drum New steel drum is the most common bitumen packaging due to its safety and consistent quality. Generally, new steel drum of bitumen varies dependent on different factors like bitumen volume, height, thickness and lid. In the following we will tell you more about the different types of bitumen drums, their specification and application. New Steel... https://infinitygalaxy.org/what-is-caustic-soda-or-sodium-hydroxide/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Cuastic-Soda-Flakes-scaled-1.jpg Caustic Soda or Sodium Hydroxide Caustic soda, or sodium hydroxide, is a chemical compound with a wide range of applications, from household cleaning agents to industrial processes.Caustic soda has different names, types, properties, uses, and production processes.Keep reading this article to find answers to all of your questions about caustic soda. What is Caustic Soda or Sodium Hydroxide? Caustic soda... https://infinitygalaxy.org/australia/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/InfinityGalaxy-Australia1.jpg Australia Bitumen Market [vc_row][vc_column][vc_custom_heading text="Australia market" font_container="tag:h5|text_align:left" use_theme_fonts="yes"][vc_column_text] Australia, the sixth-largest country with strict environmental laws, is one of the petrochemical markets. Bitumen importing to Australia was about 230000 tons in 2018. The rise of this amount up to 1 million or even more in 2020 is predicted. The major exports to Australia were from Thailand and Singapore.... https://infinitygalaxy.org/south-america/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/InfinityGalaxy-SouthAmerica1.jpg South America Having 13 countries with a population of more than 410 million people and a GDP of more than $ 2 trillion, South USA is known as one of the largest petrochemical products markets in the world. Brazil is the major importer of urea (N 46%) as well as Chile, Argentina and Peru which are the... https://infinitygalaxy.org/asia/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/InfinityGalaxy-Asia1.jpg Asia The largest consumer of bitumen in Asia is China, which mainly buys bitumen in bulk vessels. Although customs tariffs and imports range from South Korea are both high, millions of tons of bitumen are exported to China annually. China mainly imports Modified Bitumen or Bitumen AH Grades. Other major bitumen importers in Asia are Malaysia,... https://infinitygalaxy.org/performance-grade-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Performance-Grade-Bitumen-Infinity-Galaxy.jpg Performance Grade Bitumen What is PG Bitumen? Bitumen Performance Grade or PG is a type of bitumen which is graded according to its performance in different temperatures.This bitumen is produced based on the AASHTO M 320-10 and ASTM D6373 − 1.  Read more details about PG bitumen below. Introduction of Bitumen Performance Grade  Generally, the bitumen is classified... https://infinitygalaxy.org/bitumen-penetration-grade-60-70/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Bitumen-Weekly-Report-1-February-2024.jpg Penetration Bitumen 60/70 - Definition and Application The vast majority of bitumen used in asphalt for road construction is bitumen 60/70. This grade’s full name is bitumen penetration grade 60/70 and is one of the most widely used grade of bitumen across the world.  Bitumen 60/70, which is also called the paving grade bitumen, works well in almost every application. Since this... https://infinitygalaxy.org/cutback-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Cut-Back-Bitumen.jpeg Cut Back Bitumen What is Cutback Bitumen? The industry is sometimes in need of low viscosity bitumen. There manufacturers came to a solution to deliver cutback bitumen which is a low viscosity liquid dissolved in a solvent. The main advantage of this type of bitumen is that there is no need to heat it before using. Cutback bitumen... https://infinitygalaxy.org/bitumen-penetration-grades/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Weekly-Report-of-Bitumen-Razieh-Gilani.jpg Penetration Grade Bitumen Penetration grade bitumen, known also as paving grade bitumen, is unique for road construction in various environmental conditions. These grades of bitumen are named due to their level of hardness and consistency, which leads to the classification of bitumen in a range of grades from 30 to 120. The main goal for grading bitumen based on penetration... https://infinitygalaxy.org/the-export-of-40mt-caustic-soda-flake-to-port-sudan-by-infinity-galaxy/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/n-6.jpg The Export of 40MT Caustic Soda Flake to Port Sudan by Infinity Galaxy Infinity Galaxy could efficiently send two containers of Caustic Soda Flakes 99.8% to Port Sudan. According to the current political changes and civil chaotic conditions in Sudan, it seems illogical to export cargoes in a large volume to this country. Anyhow, as there is a high demand of Caustic Soda Flake in Sudan, Infinity Galaxy... https://infinitygalaxy.org/infinity-galaxy-the-exhibitor-of-the-4th-amea-conference/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Infinity-Galaxy-the-Exhibitor-of-the-4th-AMEA-Conference.jpg Infinity Galaxy, the Exhibitor of the 4th AMEA Conference Like all the previous conference of AMEA, Infinity Galaxy will honorably participate in the 4th AMEA Conference as an exhibitor. More than 350 oil and bitumen suppliers and traders from different countries will participate in AMEA Conference which is held in Leela Hotel Mumbai, India. Infinity Galaxy's vision is to increase its exporting tonnage to... https://infinitygalaxy.org/export-of-1500-mt-bitumen-grade-60-70-in-short-drums-by-infinity-galaxy-to-the-destination-of-chittagong-in-bangladesh/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Bitumen-Short-Drums-by-Infinity-Galaxy.jpg Export of 1,500 MT Bitumen Grade 60/70 in Short Drums by Infinity Galaxy to the Destination of Chittagong in Bangladesh In the last two months, Infinity Galaxy managed to export 91 containers of new steel short drum to Chittagong Port in Bangladesh. Considering the financial help of the World Bank to this country with the purpose of developing the construction industry and the absolute need of this country to bitumen, Infinity Galaxy exported more than... https://infinitygalaxy.org/infinity-galaxy-the-exporter-of-100-mt-paraffin-wax-3-5-oil-content-to-yangon-myanmar-within-the-last-two-months/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/n-3.jpg Infinity Galaxy, the Exporter of 100 MT Paraffin Wax 3-5% Oil Content to Yangon, Myanmar within the Last Two Months In the last two months, Infinity Galaxy has successfully exported a loading of 100 MT Paraffin Wax 3-5% Oil Content to Myanmar. Myanmar is one of the importing pivots of Paraffin Wax with different percentages of oil content. It is predicted that by the end of 2019, the export of Paraffin Wax to Myanmar will... https://infinitygalaxy.org/exporting-3000-mt-bitumen-grade-60-70-and-2500mt-bitumen-grade-80-100-to-the-destination-of-mundra-india-by-infinity-galaxy-in-july-2019/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Infinity-Galaxy-Co.jpg Exporting 3,000 MT Bitumen Grade 60/70 and 2,500MT Bitumen Grade 80/100 to the Destination of Mundra, India by Infinity Galaxy in July 2019 Although generally the rainstorm and monsoon restrict the bitumen imports to India during July, Infinity Galaxy exported 3,000 MT of Bitumen grade 60/70 and 2,500 MT of Bitumen grade 80/100 to Mundra port during this month. In 2019, with respect to the allocation of civil budgets after the recent election of India and the high... https://infinitygalaxy.org/loading-of-1000-mt-bitumen-grade-80-100-and-100mt-of-mc30-to-the-destination-of-mombasa-kenya-by-infinity-galaxy/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/InfinityGalaxy-Photo-News-1-1-3.jpg Loading of Bitumen 80/100 and MC30 to the Destination of Mombasa, Kenya by Infinity Galaxy The last consignment of 1,000 MT of Bitumen grade 80/100 and 100 MT of Bitumen MC 30, supplied by Infinity Galaxy, were delivered to the customer in Mombasa port of Kenya in the third week of July 2019. The entire procedures of GIS and PVoC were done under the control and supervision of SGS inspectors... https://infinitygalaxy.org/india/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/InfinityGalaxy-India1.jpg India [vc_row][vc_column][vc_column_text]India’s massive demand for bitumen In the emerging global bitumen market, the demand of India is expected to reach 122 million MT by 2018. Increasing road construction activities in the fast-growing markets of India and China will be the main growth drivers of the bitumen market in Asia. With road infrastructure of 3.3 million km,... https://infinitygalaxy.org/paraffin-wax/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Paraffin-Wax.jpg Paraffin Wax What is Paraffin Wax? Paraffin wax is a crystalline, soft, white, and solid material at room temperature. It can also be a colorless product. Paraffin wax density is 900 kg/m3. It is a byproduct of the oil refining process. The raw material of paraffin wax is gasoil or kerosene which is obtained from the distillation... https://infinitygalaxy.org/bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/Bitumen-Weekly-Report-5-October-2023.jpg What is Bitumen? Everything about Bitumen Definition and Types Bitumen is a black solid or a viscous liquid derived from crude oil. More than 85% of the world’s bitumen production is used for road construction, 10% is used in other constructions and 5% is used in a variety of other industries, including insulation. Read the rest of this article to know more about bitumen.... https://infinitygalaxy.org/report/weekly-bitumen-report-six-months-into-the-war-the-crisis-is-no-longer-temporary-brent-near-92-as-supply-chains-are-being-redrawn/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/08/Report307.webp Weekly Bitumen Report: Six Months into the War, the Crisis Is No Longer Temporary; Brent Near $92 as Supply Chains Are Being Redrawn Six months into the war, disruptions around Hormuz are reshaping global energy trade. Brent neared $92 as longer routes, shifting suppliers, and financial restrictions increased costs. Bitumen markets remained mixed, with weak demand in Asia and Europe and continued shipping challenges for Iran exports. https://infinitygalaxy.org/report/africa-bitumen-market-update-after-60-days-supply-is-returning-normality-isnt/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/08/Africa-report-17-Aug-2026-infinity-full.webp Africa Bitumen Market Update: After 60 Days, Supply Is Returning. Normality Isn’t After 60 days, bitumen supply is returning to parts of Africa, but market conditions remain far from normal. Higher replacement costs, freight and execution risks continue to shape buying decisions, while West, East and Southern Africa move in different directions. https://infinitygalaxy.org/report/weekly-bitumen-report-us-iran-talks-remain-deadlocked-hormuz-strait-still-closed-brent-returns-to-nearly-89/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/08/Report306.webp Weekly Bitumen Report: US-Iran Talks Remain Deadlocked, Hormuz Strait Still Closed; Brent Returns to Nearly $89 US-Iran talks remain deadlocked as Hormuz Strait traffic stays severely restricted, while renewed Red Sea attacks add to maritime risk. Brent returned toward $90/bbl amid tightening supply expectations. Bitumen markets diverged, with Europe correcting lower while Asia remains supported by tight supply. https://infinitygalaxy.org/report/east-asia-bitumen-market-supply-tightness-is-changing-regional-buying-options/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/08/Taraneh-Report-10Aug2026.webp East Asia Bitumen Market, Supply Tightness Is Changing Regional Buying Options East Asia’s bitumen market is seeing tighter supply, but demand remains selective. Singapore and Thailand face limited availability, while South Korea and China are gaining attention as alternative origins. Indonesia shows early restocking, but buyers remain focused on price, availability and delivery timing. https://infinitygalaxy.org/report/weekly-bitumen-report-market-caught-between-hope-and-disruption-brent-falls-but-bitumen-prices-resist/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/08/Report305-infinity-full.webp Weekly Bitumen Report: Market Caught Between Hope and Disruption: Brent Falls, but Bitumen Prices Resist Brent crude dropped back to around $79 as optimism over diplomacy eased immediate geopolitical fears. However, Bitumen Prices remained resilient because Hormuz Strait restrictions, elevated shipping risks, and limited export capacity continued to disrupt supply, particularly across Iran and Asian markets. https://infinitygalaxy.org/report/africa-bitumen-market-update-different-realities-behind-market-changes/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/08/Africa-report-3-Aug-2026-infinity-full.webp Africa Bitumen Market Update: Different Realities Behind Market Changes Africa’s bitumen market is showing different realities across regions. While some markets see lower replacement costs, freight, cargo availability, and delivery risks continue to shape buying decisions. This update explores why price alone is no longer enough to evaluate the best opportunity. https://infinitygalaxy.org/report/weekly-bitumen-report-the-pause-in-attacks-did-not-hold-brent-stayed-above-87-as-middle-east-shipping-risk-returned/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Report304-1-infinity-full.webp Weekly Bitumen Report: The Pause in Attacks Did Not Hold; Brent Stayed Above $87 as Middle East Shipping Risk Returned The ceasefire hopes quickly faded as military operations resumed, keeping Brent above $87 and geopolitical risks high. While Asian bitumen markets remained relatively firm despite weak demand, Europe gained on tighter supply. Iran exports stayed constrained by shipping disruptions, leaving logistics—not pricing—the market’s biggest challenge. https://infinitygalaxy.org/report/east-asia-bitumen-market-crude-above-85-tight-supply-buyers-remain-cautious/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Taraneh-Report-27-Jul-2-infinity-full.webp East Asia Bitumen Market Crude Above $85, Tight Supply, Buyers Remain Cautious Crude above $85 and tighter regional supply continue to support East Asian bitumen prices, but demand remains cautious due to rainfall and budget constraints. China is strengthening as a regional supplier, while buyers increasingly prioritize cargo availability, freight, loading schedules, and execution reliability over price alone. https://infinitygalaxy.org/report/weekly-bitumen-report-hormuz-strait-traffic-nearly-stops-as-the-red-sea-route-enters-crisis-brent-rises-above-96/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Report303-infinity-full.webp Weekly Bitumen Report: Hormuz Strait Traffic Nearly Stops as the Red Sea Route Enters Crisis; Brent Rises Above $96 The global bitumen market faced mounting pressure as Hormuz Strait traffic nearly stopped and the Red Sea emerged as a second shipping chokepoint. Brent crude climbed above $96, while freight costs, war-risk premiums, and supply disruptions became more influential than FOB prices. https://infinitygalaxy.org/report/africas-bitumen-market-is-splitting-not-recovering/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Africa-report-No-10-infinity-full.webp Africa's Bitumen Market Is Splitting, Not Recovering Africa's bitumen market is moving in different directions. West Africa faces higher replacement costs despite weak demand, while East Africa sees lower prices but tighter supply and shipping constraints. **At Infinity Galaxy, we believe procurement today depends less on headline prices and more on cargo availability, logistics, and delivery certainty. https://infinitygalaxy.org/report/weekly-bitumen-report-safe-passage-through-hormuz-strait-disrupted-as-brent-rises-above-85-and-tensions-return/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Report302-infinity-full.webp Weekly Bitumen Report: Safe Passage Through Hormuz Strait Disrupted as Brent Rises Above $85 and Tensions Return The energy market moved back into a defensive phase in mid-July as renewed attacks, a targeted maritime blockade, and reduced safe passage near the Hormuz Strait pushed Brent above $85 and raised shipping risks for bitumen cargoes. https://infinitygalaxy.org/report/renewed-us-iran-conflict-pushes-oil-higher-as-buyers-remain-selective/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Renewed-US%E2%80%93Iran-Conflict-Pushes-Oil-Higher-as-Buyers-Remain-Selective-infinity-full.webp Renewed US–Iran Conflict Pushes Oil Higher as Buyers Remain Selective Renewed tensions between the United States and Iran around the Strait of Hormuz have increased geopolitical risk across global energy markets, supporting crude and freight costs while East Asian bitumen buyers remain cautious. https://infinitygalaxy.org/report/weekly-bitumen-report-us-ends-interim-iran-deal-brent-rises-above-78-and-bitumen-returns-to-the-shadow-of-the-hormuz-strait/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Bitumen-Weekly-Report-Week-301-infinity-full.webp Weekly Bitumen Report: US Ends Interim Iran Deal, Brent Rises Above $78, and Bitumen Returns to the Shadow of the Hormuz Strait Global energy markets shifted again as the US ended the interim Iran deal, renewed sanctions risk, and rising tensions around the Hormuz Strait pushed Brent above $78. This week’s Bitumen Report explores how shipping risks, freight costs, and geopolitical uncertainty may reshape bitumen prices and supply conditions. https://infinitygalaxy.org/report/lower-prices-same-buying-challenges/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/Lower-Prices-Same-Buying-Challenges-scaled-2-infinity-full.webp Lower Prices Same Buying Challenges Africa's bitumen market is entering a new phase of price correction, but lower prices do not eliminate buying risks. This weekly report analyzes price trends across Nigeria, Ghana, Kenya, Tanzania, South Africa, and other key markets, highlighting how logistics, freight, and supply conditions continue to shape purchasing decisions. https://infinitygalaxy.org/report/weekly-bitumen-report-tension-eased-oil-corrected-but-bitumen-is-still-waiting-for-vessels/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/07/week-300-scaled-2-infinity-full.webp Weekly Bitumen Report: Tension Eased, Oil Corrected, but Bitumen Is Still Waiting for Vessels Although Brent crude has corrected, the bitumen market is still constrained by vessel availability and shipping uncertainty in the Persian Gulf. Buyers remain focused on reliable cargo execution rather than lower prices, while developments around the Hormuz Strait continue to shape global market sentiment. https://infinitygalaxy.org/report/east-asia-bitumen-market-buyers-are-becoming-more-selective/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/29-Jun-2026.jpg-infinity-full.webp East Asia Bitumen Market: Buyers Are Becoming More Selective East Asia’s bitumen market is now driven by execution, not just price. https://infinitygalaxy.org/report/weekly-bitumen-report-brent-oil-price-falls-but-the-bitumen-market-is-still-dependent-on-other-factors/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/Bitumen_Weekly_Report_25_June_2026-1.webp Weekly Bitumen Report: Brent Oil Price Falls, but the Bitumen Market is Still Dependent on Other Factors Diplomacy Advances, but Key Disagreements Remain As of Thursday, June 25, the global energy market was receiving two conflicting signals. The first round of US-Iran negotiations in Switzerland, attended by Pakistan and Qatar, concluded with a 60-day roadmap and an agreement to continue technical discussions. However, disagreements over nuclear inspections, unfrozen Iranian assets, and the... https://infinitygalaxy.org/report/africa-bitumen-market-different-market-responses-to-the-iran-us-agreement/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/22-Jun-2026-infinity-full.webp Africa Bitumen Market: Different Market Responses to the Iran–US Agreement The African bitumen market has entered a new phase this week. Following the temporary agreement between Iran and the United States and expectations of a gradual reopening of trade flows through the Mideast Gulf, crude oil and HSFO prices experienced a significant correction. This has pushed cargo values lower across parts of West and Southern... https://infinitygalaxy.org/report/weekly-bitumen-report-the-deal-is-signed-oil-has-pulled-back-but-the-bitumen-market-is-still-waiting-for-real-execution/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/Bitumen_Weekly_Report_18_June_2026.webp Weekly Bitumen Report: The Deal Is Signed; Oil Has Pulled Back, but the Bitumen Market Is Still Waiting for Real Execution Political and Energy Phase The market opened this week with a major shift: after more than three months of war and tension in the Persian Gulf, the U.S. and Iran reached a temporary ceasefire framework and interim understanding. The political message was clear: the path of war has been paused for now, and a 60-day... https://infinitygalaxy.org/report/east-asia-bitumen-market-a-new-scenario-is-emerging-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/15-June-2026.jpg-infinity-full.webp East Asia Bitumen Market: A New Scenario Is Emerging in the Market This report reflects market conditions updated as of 15 June 2026, including the latest developments in the Middle East. The announcement of a 60-day ceasefire framework between Iran and the United States has improved market sentiment and raised expectations for better shipping conditions through the Hormuz Strait. Brent crude opened the week near $83/bbl, indicating... https://infinitygalaxy.org/report/weekly-bitumen-report-the-conflict-escalates-again-oil-near-100-but-bitumen-has-yet-to-pass-through-the-strait-of-hormuz/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/Bitumen_Weekly_Report_11_June_2026-scaled-1-infinity-full.webp Weekly Bitumen Report: The Conflict Escalates Again; Oil Near $100, but Bitumen Has Yet to Pass Through the Strait of Hormuz Political Phase The second week of June moved forward with a clear divide: the rhetoric speaks of an agreement, but developments on the ground are still following a different path. Reports were published indicating that Trump has repeatedly spoken over the past months about an agreement with Iran being close, yet as of June 11,... https://infinitygalaxy.org/report/africa-bitumen-markets-are-no-longer-moving-together/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/Africa-Report-8-Jun-2026-infinity-full.webp Africa Bitumen Markets Are No Longer Moving Together This week, the African bitumen market is showing a clear shiftو it is no longer moving as a single unified market. Instead of one common direction, each region is now reacting to its own drivers: supply conditions, rainfall, logistics problems, and domestic demand patterns. Nigeria: Lower Import Prices, Stronger Domestic Market In Nigeria, imported cargo... https://infinitygalaxy.org/report/weekly-bitumen-report-brent-oil-near-100-while-the-hormuz-strait-still-holds-bitumen-prices-under-pressure/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/06/Weekly_Bitumen_Report_4_June_2026-scaled-1-infinity-full.webp Weekly Bitumen Report: Brent Oil Near $100, While the Hormuz Strait Still Holds Bitumen Prices Under Pressure Political Phase The first week of June moved forward with mixed political signals. Trump spoke about the fast continuation of talks with Iran, but at the same time, U.S. military and naval pressure continued. Iran also raised the suspension of part of the message exchange after Israel’s attack on Lebanon, which again increased the possibility... https://infinitygalaxy.org/report/east-asia-bitumen-market-supply-challenges-and-the-execution-gap/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/09/01-jun-2026-East-Asia-Bitumen-Report-infinity-full.webp East Asia Bitumen Market: Supply Challenges and the Execution Gap The East Asian bitumen market remained relatively stable at the end of May, although supply conditions and cargo availability continue to play a more important role than price alone. Current market indications show FOB Singapore at $566–575/MT and FOB South Korea at $540–550/MT, while CFR East China prices moved higher and Indonesia Ex-Works prices saw... https://infinitygalaxy.org/report/weekly-bitumen-report-brent-oil-price-falls-below-100-but-the-strait-of-hormuz-still-holds-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/05/Weekly_Bitumen_Report_28_May_2026-infinity-full.webp Weekly Bitumen Report: Brent Oil Price Falls Below $100, but the Strait of Hormuz Still Holds the Bitumen Market Political Phase This week, the market moved with a clear contradiction. On one side, limited attacks between the U.S. and Iran returned to the headlines, but both sides avoided presenting them as a full collapse of the ceasefire. Washington described its new strikes on Iranian targets and drones near the Strait of Hormuz as defensive,... https://infinitygalaxy.org/report/africa-bitumen-market-timing-matters-more-than-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/09/Milad-Report-25-May-low-infinity-full.webp Africa Bitumen Market: Timing Matters More Than Price The African bitumen market this week is not only about prices going up or down. It is more complex. In East Africa, prices have gone up again. In West Africa, some prices have gone a little down, but this is mainly because of rain, slower projects, and careful buyers. It is not a normal market... https://infinitygalaxy.org/report/weekly-bitumen-report-diplomacy-is-getting-closer-but-the-hormuz-strait-still-controls-oil-price-and-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/05/Report294-2-infinity-full.webp Weekly Bitumen Report: Diplomacy Is Getting Closer, but the Hormuz Strait Still Controls Oil Price and Bitumen Price Political Phase This week, the market moved more on conflicting signals than on one clear piece of news. On one side, Tehran is reviewing the latest U.S. response, and Trump has said he can wait a few more days for the outcome. On the other side, the threat of another attack has not been removed... https://infinitygalaxy.org/report/east-asia-bitumen-market-rising-prices-limited-execution/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/05/Taraneh-Report-1-infinity-full.webp East Asia Bitumen Market: Rising Prices, Limited Execution The East Asian bitumen market remains firm, but buyers are becoming more selective. In today’s market, low prices alone are no longer enough. Buyers are paying closer attention to supply reliability, cargo availability, and delivery timing before making purchasing decisions. According to the latest market assessments, Singapore FOB was reported at $556–$568/mt, while South Korea... https://infinitygalaxy.org/report/weekly-bitumen-report-trumps-china-trip-as-the-hormuz-strait-remains-the-main-pressure-point-for-oil-price-and-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/05/Weekly_Bitumen_Report_14_May_2026-infinity-full.webp Weekly Bitumen Report: Trump’s China Trip as the Hormuz Strait Remains the Main Pressure Point for Oil Price and Bitumen Price Political Phase As of May 14, 2026, the biggest market shift is that diplomacy is neither dead nor reliable. Trump has rejected Iran’s latest proposal, described the ceasefire as being “on life support,” and said he does not need China’s help to deal with the war. For the market, the message is clear: the risk... https://infinitygalaxy.org/report/africa-bitumen-market-enters-rebalancing-phase/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/05/Milad-Report-2-infinity-full.webp Africa Bitumen Market Enters Rebalancing Phase Based on the latest market reports, the African bitumen market has entered a phase where looking at price numbers alone is no longer enough.In some trade routes, prices have corrected lower, but freight risk, supply limitations, and delivery timing are still keeping purchasing decisions highly sensitive.According to reports from international industry publications, commercial traffic through... https://infinitygalaxy.org/report/weekly-bitumen-report-diplomacy-on-paper-risk-in-the-field-oil-pulled-back-but-the-strait-of-hormuz-still-remains-the-markets-main-knot/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/05/Weekly_Bitumen_Report_7_May_2026-infinity-full.webp Weekly Bitumen Report: Diplomacy on Paper, Risk in the Field; Oil Pulled Back, but the Strait of Hormuz Still Remains the Market’s Main Knot Political Phase As of May 7, 2026, the most important change in the market was not the end of the crisis, but a deeper gap between diplomatic hope and operational risk. On one side, Reuters, citing sources close to the talks, reported that Washington and Tehran were close to a short memorandum to stop the... https://infinitygalaxy.org/report/east-asia-bitumen-market-from-price-pressure-to-execution-risk/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/05/Taraneh-Report-04-May-infinity-full.webp East Asia Bitumen Market: From Price Pressure to Execution Risk Market Overview & Crude Context Despite the recent tweet from President Trump, which triggered a transient intraday dip of nearly 3%, the oil market staged a swift reversal; notably, Brent crude surged past the $114 level during the final trading hours of Monday, May 4th. This price rally underscores that the sell-off fueled by political... https://infinitygalaxy.org/report/weekly-bitumen-report-brent-oil-price-above-120-while-the-strait-of-hormuz-remains-the-key-pressure-point-for-bitumen-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/04/Weekly_Bitumen_Report_30_April_2026-infinity-full.webp Weekly Bitumen Report: Brent Oil Price Above $115, While the Strait of Hormuz Remains the Key Pressure Point for Bitumen Prices Political Phase and Oil Price As of 30 April 2026, the main shift this week was neither war nor peace, but a deeper strategic deadlock. Rather than easing pressure, the Trump administration has moved forward with the continued naval blockade of Iran and at the same time has been working to build a new maritime... https://infinitygalaxy.org/report/africa-bitumen-market-update-from-pre-war-balance-to-todays-fragile-stabilization/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/04/Milad-Report-1-infinity-full.webp Africa Bitumen Market Update : From Pre-War Balance to Today’s Fragile Stabilization Between 20 February and 24 April 2026, the African bitumen market moved from a relatively balanced environment into an exceptional price shock triggered by war-related disruptions, and is now entering a stabilization phase with continued volatility.This period has clearly highlighted the different market behavior across East and West Africa, while showing the strategic importance of... https://infinitygalaxy.org/report/weekly-bitumen-report-the-ceasefire-has-been-extended-but-oil-price-and-bitumen-price-remain-under-the-shadow-of-the-strait-of-hormuz/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/04/Weekly_Bitumen_Report_23_April_2026.avif Weekly Bitumen Report: The Ceasefire Has Been Extended, but Oil Price and Bitumen Price Remain Under the Shadow of the Strait of Hormuz Political Signal and Oil Price As of 23 April 2026, the most important development is that the ceasefire between Iran and the United States has been extended, but the market still does not view it as the end of the crisis. The reason is clear: the negotiations have stalled, and the next round of talks... https://infinitygalaxy.org/report/east-asia-bitumen-market-from-price-shock-to-strategic-buying-in-april-2026/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/04/East-Asia-Bitumen-Market-Report-April-2026-1-infinity-full.webp East Asia Bitumen Market: From Price Shock to Strategic Buying in April 2026 The East Asian bitumen market has moved away from its wartime peak but remains significantly higher than pre-crisis levels. Today’s market is no longer defined solely by price; it is driven by project budgets, contractor price acceptance, and strategic timing. Professional buyers have become more selective, shifting the focus from raw numbers to market feasibility.... https://infinitygalaxy.org/report/weekly-bitumen-report-ceasefire-continues-the-strait-of-hormuz-remains-closed-and-bitumen-prices-stay-elevated/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/04/Weekly_Bitumen_Report_16_April_2026-infinity-full.webp Weekly Bitumen Report: Ceasefire Continues, the Strait of Hormuz Remains Closed, and Bitumen Prices Stay Elevated Political Phase As of 16 April 2026, the two-week ceasefire between Iran, the United States, and Israel has not yet been formally extended, but the diplomatic channel remains open and efforts to continue it are still underway. Current signals suggest that the next round of indirect Iran-US talks may once again take place in Pakistan,... https://infinitygalaxy.org/report/weekly-bitumen-report-fragile-ceasefire-semi-closed-strait-of-hormuz-bitumen-market-remained-at-elevated-levels/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/04/Bitumen_Weekly_Report_9_April_2026-infinity-full.webp Weekly Bitumen Report: Fragile Ceasefire, Semi-Closed Strait of Hormuz; Bitumen Market Remained at Elevated Levels As of 9 April 2026, the most important development this week was not the end of the war, but the entry of the crisis into a temporary and fragile pause. After several days of mutual threats and rising risk of direct attacks on Iranian infrastructure, the United States, Iran, and Israel moved into a two-week... https://infinitygalaxy.org/report/weekly-bitumen-report-the-strait-of-hormuz-has-still-not-reopened-an-unprecedented-jump-in-indias-bitumen-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/04/Report287.jpg-infinity-full.webp Weekly Bitumen Report: The Strait of Hormuz Has Still Not Reopened, An Unprecedented Jump in India’s Bitumen Prices As of April 2, the war has neither stopped nor has any side been able to impose an ultimate outcome. As a result, the energy and bitumen markets no longer see this crisis as a short-term shock, but as a lasting risk. The Strait of Hormuz has also still not returned to normal conditions, and... https://infinitygalaxy.org/report/africa-bitumen-market-moves-higher-across-all-regions-as-april-upside-builds/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/03/Africa-Report-31-March-infinity-full.webp Africa Bitumen Market Moves Higher Across All Regions as April Upside Builds The African bitumen market is entering a strong upward phase, with price increases now visible across all key regions.Late March confirmed a broad-based rise, driven by higher import costs, freight increases, and tightening supply flows.While the pace differs by market, the direction is clearly aligned upward momentum is building ahead of April. Nigeria The Nigerian... https://infinitygalaxy.org/report/weekly-bitumen-report-strait-of-hormuz-still-closed-a-war-of-attrition-the-bitumen-market-under-severe-price-pressure-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/03/IMG_20260326_120343-infinity-full.webp Weekly Bitumen Report: Strait of Hormuz Still Closed; A War of Attrition, The Bitumen Market Under Severe Price Increase Pressure Market Snapshot Over the past week, the Middle East war moved from its initial shock phase into a prolonged conflict centered on infrastructure. There were no signs of a quick victory, and no clear path toward ending the crisis emerged. After jumping above $112 on March 20, oil remained above $100 through March 26, and... https://infinitygalaxy.org/report/weekly-bitumen-report-from-market-shock-to-infrastructure-risk-the-middle-east-war-pushed-oil-above-110-and-drove-the-bitumen-market-into-a-supply-shortage-phase-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/03/1000604129-infinity-full.webp Weekly Bitumen Report: From Market Shock to Infrastructure Risk: The Middle East War Pushed Oil Above $110 and Drove the Bitumen Market into a Supply Shortage Phase Market s the Middle East war approaches its fourth week, it has moved beyond direct military confrontation and into a phase of targeting energy infrastructure and maritime logistics.On March 19, Brent crude climbed to around $112, while attacks on energy facilities in Saudi Arabia, the UAE, and Qatar increased regional supply risk. In the products market,... https://infinitygalaxy.org/report/weekly-bitumen-report-war-shock-in-energy-markets-middle-east-conflict-enters-third-week-as-oil-hits-100/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/03/Bitumen_Weekly_Report_12_March_2026.webp Weekly Bitumen Report: War Shock in Energy Markets: Middle East Conflict Enters Third Week as Oil Hits $100 The regional war that began on 28 February has now entered its third week, and the confrontation between Iran, Israel, and the United States is gradually evolving into a broader crisis in the Middle East. Israeli and US airstrikes on targets inside Iran, followed by Iran’s missile and drone responses, have pushed tensions beyond the... https://infinitygalaxy.org/report/weekly-bitumen-report-major-war-in-the-middle-east-energy-market-enters-shock/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/03/Bitumen_Weekly_Report_5_March_2026-infinity-full.webp Weekly Bitumen Report: Major War in the Middle East, Energy Market Enters Shock Market Snapshot The closure of the Strait of Hormuz has stopped about 25% of the world’s oil flow.Brent crude has reached the range of 84 to 85 dollars, the highest level in the past year.Logistics costs and war risk insurance in the Persian Gulf are rising quickly. Market Direction With the Strait of Hormuz closed,... https://infinitygalaxy.org/report/trumps-annual-speech-in-congress-energy-market-in-a-cautious-waiting-phase/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/Trump-2026.webp Weekly Bitumen Report: Trump’s Annual Speech in Congress; Energy Market in a Cautious Waiting Phase The Political and Economic Developments of the Week Open Diplomacy, Steady PressurePolitical and geopolitical developments up to Thursday, February 26 show that the international order remains in a state of managed tension. Trump’s speech on Wednesday in the US Congress stressed a mix of external pressure and keeping negotiations open. Today, the third round of... https://infinitygalaxy.org/report/east-asia-bitumen-market-slow-restart-selective-strength/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/Taraneh-Post-1-infinity-full.webp East Asia Bitumen Market, Slow Restart, Selective Strength The East Asia bitumen market is slowly regaining activity after the January slowdown.Price changes remain limited, mostly within a narrow range of -2% to +3%. Market sentiment is improving in some countries, especially South Korea and Vietnam, while others remain stable or slightly under pressure.Overall, the region is in a preparation phase before stronger Q2... https://infinitygalaxy.org/report/negotiation-under-risk-brent-oil-near-70/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/18468d39-2cb6-4fb8-9ec3-4011778aa79c-infinity-full.webp Weekly Bitumen Report: Negotiation Under Risk; Brent Oil Near $70 The Political and Economic Developments of the Week Diplomacy Under Pressure; Open Path Open, Far DealIn the week ending February 19, 2026, the main focus of international media was the dual track of “negotiation and pressure” between Iran and the United States. The second round of Geneva talks ended without failure, but also without clear... https://infinitygalaxy.org/report/east-southern-africa-bitumen-market-report-supply-demand-buyer-behavior/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/web-post-infinity-full.webp East & Southern Africa Bitumen Market Report | Supply, Demand & Buyer Behavior This report is based on direct customer feedback, live negotiations, and on-the-ground market observations gathered by the Infinity Galaxy sales team across East and Southern Africa. Rather than relying solely on price listings, this analysis reflects how buyers are behaving, how projects are evolving, and where real commercial opportunities are forming. Kenya Bitumen Market The... https://infinitygalaxy.org/report/weekly-bitumen-report-bahrain-bitumen-prices-explode-singapore-calm-iran-cautious/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/IMG_3387-infinity-full.webp Weekly Bitumen Report: Bahrain Bitumen Prices Explode; Singapore Calm, Iran Cautious The Political and Economic Developments of the Week Deterrence or the Start of a New Risk Phase?The security equation of the Persian Gulf became one level more sensitive last week. The increased US naval presence is seen as part of mutual deterrence, not a sign of the start of war, but an effort to manage... https://infinitygalaxy.org/report/east-asia-bitumen-market-movement-from-january-pause-to-early-february/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/Taraneh-Post-infinity-full.webp East Asia Bitumen Market Movement: From January Pause to Early February January 2026 in East Asia was defined less by numbers and more by mindset.The market entered the year in a state of pause, shaped by regional holidays, seasonally weak construction activity, and the psychological weight of uncertainty.Demand did not disappear, but decision-making slowed noticeably.Buyers focused on protecting positions, digesting inventories, and postponing commitments rather than... https://infinitygalaxy.org/report/weekly-bitumen-report-talks-in-oman-the-market-on-the-edge-of-risk-has-the-middle-east-entered-a-decision-phase/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/Bitumen_Weekly_Report_5_February_2026-infinity-full.webp Weekly Bitumen Report: Talks in Oman, the Market on the Edge of Risk; Has the Middle East Entered a Decision Phase? The Political and Economic Developments of the Week From News Shock to the Return of Diplomacy; the Middle East Remains on Alert On Wednesday night, February 4, Axios reported, quoting US officials, that the Iran-US meeting was canceled due to disagreements over the venue and the agenda of the talks. This caused signs of tension... https://infinitygalaxy.org/report/bitumen-market-trends-across-africa-east-west-africa-february-2026/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/02/Untitled-1-2-infinity-full.webp Bitumen Market Trends Across Africa | East & West Africa, February 2026 As African bitumen markets move beyond the seasonal slowdown, early February 2026 marksthe beginning of a gradual but clear recovery phase. This review covers East and West Africa, with a focus on Kenya, Tanzania, Nigeria, South Africa, and Ivory Coast. Kenya Bitumen Market The Kenyan market remains largely stable, with early signs of upward movement.After... https://infinitygalaxy.org/report/weekly-bitumen-report-persian-gulf-tensions-drive-oil-price-increases-and-support-bitumen-market-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/web-Banner-infinity-full.webp Weekly Bitumen Report: Persian Gulf Tensions Drive Oil Price Increases and Support Bitumen Market Growth The Political and Economic Developments of the Week The Middle East in a State of “Costly Deterrence”; Activation of Premium Risk in the Energy Market Between January 22 and January 29, the Middle East moved along the edge of a controlled confrontation. The deployment of the USS Abraham Lincoln aircraft carrier along with its strike... https://infinitygalaxy.org/report/improving-balance-at-the-start-of-2026-in-east-asia-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Taraneh-Report-infinity-full.webp East Asia Bitumen Market Overview: Improving Balance at the Start of 2026 At the start of 2026, the East Asian bitumen market is showing early signs of behavioral rebalancing after a prolonged period of one-sided pressure and subdued activity.While large-scale project demand has not yet fully materialized, clearer buying signals, improving liquidity in selected markets, and relative stability across Southeast Asia indicate that the region is adjusting... https://infinitygalaxy.org/report/weekly-bitumen-report-markets-under-the-shadow-of-65-brent-oil-geopolitical-risk-still-holds-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/278.web-banner-infinity-full.webp Weekly Bitumen Report: Markets under the Shadow of $65 Brent Oil; Geopolitical Risk Still Holds Prices The Political and Economic Developments of the Week Davos, War, and Rising Global Uncertainty Over the past week, alongside unrest in Iran, Trump’s speech at the Davos meeting, with renewed focus on aggressive, tariff-based trade policies and putting US interests first, increased uncertainty in markets and global relations. At the same time, in the Russia-Ukraine... https://infinitygalaxy.org/report/maduro-falls-oil-price-cap-why-did-the-market-stay-steady-instead-of-afraid/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/Bitumen-Export-in-Port-infinity-full.webp Weekly Bitumen Report: Maduro Falls, Oil Price Cap; Why did the Market Stay Steady Instead of Afraid? The Political and Economic Developments of the Week Aggressive US Diplomacy with Maximum Pressure After the arrest of Maduro during a military operation on January 3, 2026 in Venezuela, Trump also threatened Cuba and Colombia, but later invited the President of Colombia to the White House.Also, the US says it has seized two tankers linked... https://infinitygalaxy.org/report/2026-started-with-cautious-oil-tense-politics-and-a-market-in-wait/ https://infinitygalaxy.org/wp/wp-content/uploads/2026/01/275.web-banner-infinity-full.webp Weekly Bitumen Report: 2026 Started with Cautious Oil, Tense Politics, and a Market in Wait The Political and Economic Developments of the Week From Sanctions to the Battlefield; Politics Still Leads the Energy Market The year 2026 began while, in the last week of the previous year, US energy pressure on Venezuela increased through stronger sanctions and executive actions against oil export networks, especially in Latin America. This again showed... https://infinitygalaxy.org/report/east-asia-bitumen-market-outlook-first-two-weeks-of-january-2026/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/12/Untitled-1-1-infinity-full.webp East Asia Bitumen Market Outlook | First Two Weeks of January 2026 In early January 2026, the East Asian bitumen market is not yet ready for a rebound but it is clearly at a decision point.Following the year-end holidays, activity remains limited, with most market participants observing conditions rather than taking firm buying positions. China Bitumen Market The market remains highly price-sensitive.Cargo arrivals continue, but without an... https://infinitygalaxy.org/report/end-of-2025-with-political-risks-and-split-markets-energy-in-a-fragile-balance/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/12/274.web-banner-infinity-full.webp Weekly Bitumen Report: End of 2025 with Political Risks and Split Markets; Energy in a Fragile Balance The Political and Economic Developments of the Week A Tense Christmas; Energy Policy Woke Up before the New Year As Christmas 2025 arrives at the same time as the final weeks of the year, US foreign policy has entered the holidays with a tough signal. In recent days, Washington has seized several oil tankers linked... https://infinitygalaxy.org/report/from-brent-crude-to-irans-fixed-bitumen-price-supply-matters-more-than-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/12/273.web-banner-infinity-full.webp Weekly Bitumen Report: From $59 Brent Crude to Iran’s Fixed Bitumen Price; Supply Matters More Than Demand The Political and Economic Developments of the Week Politics Returned to the Energy Market Again, from Venezuela to Ukraine After the United States issued an order for a naval blockade of Venezuela to stop the movement of sanctioned oil tankers, the Venezuelan government has asked for an emergency meeting of the UN Security Council to... https://infinitygalaxy.org/report/oversupply-and-weak-demand-keep-prices-under-pressure/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/12/Untitled-1-infinity-full.webp East Asia Bitumen Market Analysis: Oversupply and Weak Demand Keep Prices Under Pressure The bitumen market in East Asia continued to face downward pressure over the past two weeks.Weak regional demand, excess supply from key hubs, and the absence of new winter infrastructure projects shaped a cautious and defensive market environment.In this analytical review, Infinity Galaxy highlights key developments in China, South Korea, Singapore, Indonesia, and Vietnam, while... https://infinitygalaxy.org/report/a-deep-price-gap-between-east-asia-and-the-middle-east-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/12/Russia-Ukraine-war-effect-ob-bitumen-market-infinity-full.webp Weekly Bitumen Report: A Deep Price Gap Between East Asia and the Middle East Bitumen The Political and Economic Developments of the Week Wars Enter a Faster Phase Over the past week, news about the Russia-Ukraine war grew as political meetings increased. The leaders of the UK, France, Germany, and Ukraine met in London and called for more financial and military pressure on Moscow. At the same time, the Ukraine... https://infinitygalaxy.org/report/how-did-irans-bitumen-stay-stable-while-asia-and-europe-fell/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/12/271.web-banner-infinity-full.webp Weekly Bitumen Report: How Did Iran’s Bitumen Stay Stable While Asia and Europe Fell? The Political and Economic Developments of the Week A World in Fragile Semi-Balance The five-hour meeting between Trump’s special envoy and Putin in Moscow ended with no practical results. The Kremlin called it “constructive,” but there is no sign of progress toward ending the war. At the same time, NATO held an emergency meeting after... https://infinitygalaxy.org/report/supply-pressure-dominates-regional-trends-in-east-asia-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/12/linkedin404x-scaled-1-infinity-full.webp East Asia Bitumen Market Analysis: Supply Pressure Dominates Regional Trends The bitumen market in East Asia experienced another week of pressure during 22–28 November 2025.Weak demand, high supply, and end-of-year project delays shaped the general atmosphere inthe region.In this analytical weekly review, Infinity Galaxy highlights key movements in China, South Korea, Singapore, Indonesia, and Vietnam, while explaining how regional connections influenced the overall trend. China,... https://infinitygalaxy.org/report/will-ukraine-and-lebanon-become-next-volatility-in-oil-and-bitumen-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/11/270.web-banner.webp Weekly Bitumen Report: Will New Tensions in Ukraine and Lebanon Become the Next Driver of Volatility in Oil and Bitumen Markets? The Political and Economic Developments of the Week Three Unstable Fronts in the World In Europe, the Ukraine war has entered a new phase. The Kremlin says it has received a revised peace plan and will meet Trump’s special envoy in Moscow next week, but there is still no real sign of a deal between... https://infinitygalaxy.org/report/weekly-bitumen-report-the-fragile-energy-balance-which-shock-is-the-world-moving-toward-next/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/Bitumen-Report-1-infinity-full.webp Weekly Bitumen Report: The Fragile Energy Balance: Which Shock Is the World Moving Toward Next? The Political and Economic Developments of the Week Venezuela Tensions and East Asia Friction, Which Crisis Will Push Energy Prices Higher First? This week, the geopolitical scene came under pressure from several simultaneous events that are reshaping global energy flows and market behavior. The U.S., by sending an aircraft carrier to the Caribbean and increasing... https://infinitygalaxy.org/report/the-fragile-energy-balance-which-shock-is-the-world-moving-toward-next/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/11/269-web-banner.webp Weekly Bitumen Report: The Fragile Energy Balance: Which Shock Is the World Moving Toward Next? The Political and Economic Developments of the Week Venezuela Tensions and East Asia Friction, Which Crisis Will Push Energy Prices Higher First? This week, the geopolitical scene came under pressure from several simultaneous events that are reshaping global energy flows and market behavior. The U.S., by sending an aircraft carrier to the Caribbean and increasing... https://infinitygalaxy.org/report/bitumen-market-waiting-for-a-rotation/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/11/26.webp Weekly Bitumen Report: Market Waiting for a Rotation? The Political and Economic Developments of the Week Heavy Developments, without Immediate Shock During this week, several geopolitical main factors affected energy markets once again. The new Syrian president’s visit to the White House, after years of broken relations, signaled a shift in Syria’s political balance. At the same time, rising border tensions between Pakistan... https://infinitygalaxy.org/report/will-politics-from-new-york-to-beijing-once-again-change-the-direction-of-the-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/11/267-infinity-full.webp Weekly Bitumen Report: Will Politics from New York to Beijing Once Again Change the Direction of the Markets? The Political and Economic Developments of the Week A Calm Middle East and the Eastern Front on the Eve of Winter: The Silence Before the Storm? In the past week, the election of New York’s new mayor drew the attention of media and economic analysts- not only because of the city’s status as one of... https://infinitygalaxy.org/report/will-the-trump-xi-meeting-bring-a-wave-of-trade-peace/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/10/Bitumen-Weekly-Report-266-infinity-full.webp Weekly Bitumen Report: Will the Trump–Xi Meeting Bring a Wave of Trade Peace? The Political and Economic Developments of the Week Sanctions, Storms, and Asian Diplomacy Last week, during his trip to Asia, Trump signed memorandums of understanding with the leaders of Thailand, Cambodia, Malaysia, and Vietnam on trade and mineral cooperation. Alongside that, he held an unprecedented meeting with Xi Jinping on the sidelines of the APEC... https://infinitygalaxy.org/report/new-sanctions-on-russia-a-new-spark-for-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/10/265.web_-infinity-full.webp Weekly Bitumen Report: New Sanctions on Russia, A New Spark for the Market? The Political and Economic Developments of the Week Three Fronts, One Shared Risk In the week ending October 23, 2025, trade tensions between Washington and Beijing entered a new phase. China restricted exports of critical minerals, and the U.S. responded by threatening 100% tariffs on industrial and technology goods. Unlike a traditional tariff war, this... https://infinitygalaxy.org/report/why-did-brent-crude-fall-and-bitumen-prices-stagnate-after-the-war-calmed-down/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/10/264.web-banner-infinity-full.webp Weekly Bitumen Report: Why Did Brent Crude Fall and Bitumen Prices Stagnate After the War Calmed Down? The Political and Economic Developments of the Week From the Middle East to Wall Street On October 13, 2025, Donald Trump was in Egypt along with mediators from Egypt, Qatar, Turkey, and other partners and signed the Gaza ceasefire implementation document, officially announcing the end of the war. The agreement includes mechanisms for hostage and... https://infinitygalaxy.org/report/will-the-fragile-ceasefire-of-the-middle-east-reduce-the-risks-of-oil-and-bitumen-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/10/263-infinity-full.webp Weekly Bitumen Report: Will the Fragile Ceasefire of the Middle East Reduce the Risks of Oil and Bitumen Markets? The Political and Economic Developments of the Week The Middle East Frail Ceasefire, Hopes in the Middle of Political Chaos On October 9, Israel and Hamas reached an agreement to start the first phase of a ceasefire after a long period of unrest. This agreement includes a hostage swap and the retreat of Israeli forces... https://infinitygalaxy.org/report/the-impact-of-sanctions-return-and-the-us-government-shutdown-on-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/10/262web-infinity-full.webp Weekly Bitumen Report: Sanctions Return, U.S. Government Shutdown: Which Direction Will Shape the Future of Market? The Political and Economic Developments of the Week On September 29, Donald Trump, along with Benjamin Netanyahu, proposed a 20-point peace plan to end the war in Gaza. This plan includes the immediate ceasefire, release of prisoners and hostages, Hamas disarmament, and the establishment of a temporary international stabilization force in Gaza. Trump warned Hamas... https://infinitygalaxy.org/report/oil-in-the-middle-of-demand-uncertainty-and-supply-risk-world-in-the-80th-session-of-the-united-nations-general-assembly/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/09/261.web-size-infinity-full.webp Oil in the Middle of Demand Uncertainty and Supply Risk, World in the 80th Session of the United Nations General Assembly The Political and Economic Developments of the Week The Eightieth General Assembly: From Trump's Controversial Speech to Nuclear and Regional Conflicts At the Eightieth General Assembly of the United Nations, Donald Trump called climate change the "greatest hoax in history," blamed Europe for its immigration policies and green energy initiatives, and warned that countries are... https://infinitygalaxy.org/report/will-opec-oversupply-neutralize-the-geopolitical-risks/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/09/260-infinity-full.webp Weekly Bitumen Report: Will OPEC+ Oversupply Neutralize the Geopolitical Risks? The Political and Economic Developments of the Week From Ukraine’s Drones to OPEC+ Oversupply, Oil at the Crossroads of Risk and Supply In the past week, a set of simultaneous developments in Russia, OPEC+, and America formed the oil market atmosphere. The drone attacks of Ukraine on Russia’s oil facilities raised concerns about supply disruptions,... https://infinitygalaxy.org/report/attacks-on-qatar-new-risks-in-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/09/IMG_1432-infinity-full.webp Weekly Bitumen Report: Attacks on Qatar, New Risks in Bitumen Market? The Political and Economic Developments of the Week Non-Stop Geopolitics: Israel’s Attack to Doha and Market Reactions During the past week, the Middle East tension shook the oil market once again. The aerial attacks of Israel on Hamas’s base in Doha were one of the main developments. Following this attack, Brent Crude Oil prices reached... https://infinitygalaxy.org/report/shanghai-cooperation-balance-change-in-global-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/09/IMG_1224-infinity-full.webp Weekly Bitumen Report: Shanghai Cooperation, Balance Change in Global Markets? The Political and Economic Developments of the Week Snapback Mechanism, Return of Sanctions on Global Energy On August 28, the UK, France, and Germany started the process of Snapback activation based on Iran’s nuclear agreement. By implementing this mechanism, the old sanctions will be automatically activated, without the need for a vote. This may impact... https://infinitygalaxy.org/report/snapback-negotiations-on-top-india-gets-russias-oil-victim/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/08/257.web-banner-infinity-full.webp Weekly Bitumen Report: Snapback Negotiations on Top, India Gets Russia’s Oil Victim The Political and Economic Developments of the Week Everyone Waiting for Europe Decision, Misarrangement in the Markets by Trump Tariffs During the last week, the world was mainly focused on the negotiations between Iran and Europe regarding the activation of Snapback Mechanism and possibility of return of UN sanctions against Iran. Although the decision of... https://infinitygalaxy.org/report/bitumen-market-pass-the-shadow-of-war-recession-successfully/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/08/Shadow-of-War-and-Recession-on-Bitumen-Market-infinity-full.webp Weekly Bitumen Report: Global Indecisiveness, Does Bitumen Market Pass the Shadow of War & Recession Successfully? The Political and Economic Developments of the Week Dead End in Ukraine, Fragile Hopes The situation in Gaza is still critical; Hamas accepted the 60-day ceasefire on the condition of releasing half of the hostages, including hundreds of Palestinian prisoners. In return, several Israeli hostages and the corpses of the captives will be delivered to... https://infinitygalaxy.org/report/will-trump-putin-meeting-end-the-war/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/08/will-trump-putin-meeting-end-the-war-infinity-full.webp Weekly Bitumen Report: Will Trump-Putin Meeting End the War? The Political and Economic Developments of the Week From Gaza Bombardment to Trump-Putin Meeting, Turmoil in the World In the last week, Israel severely bombarded Gaza. The eastern positions of Gaza were under heavy aerial and ground fire attacks. According to the reports, 123 people were killed in one day, which was the worst statistic... https://infinitygalaxy.org/report/world-of-crude-oil-and-bitumen-surrounded-by-tariff-and-recession/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/08/world-of-crude-oil-and-bitumen-surrounded-by-tariff-and-recession-infinity-full.webp Weekly Bitumen Report: The World Surrounded by Tariff and Recession, Where are Crude and Bitumen Prices Destined? The Political and Economic Developments of the Week Trump, Tariffs, Fear in Markets, Is it a Start of Global Pressure Wave? During the past week, the Gaza situation remained critically the same as before, and there was no progress in the proposed ceasefire between Israel and Hamas; the humanitarian crisis remained unchanged. The war between... https://infinitygalaxy.org/report/trumps-multilateral-pressures-from-europe-to-china-and-russia/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/07/253.-web-banner-infinity-full.webp Weekly Bitumen Report: Trump’s Multilateral Pressures, From Europe to China and Russia The Political and Economic Developments of the Week Was Trump’s Trade Game Changed by Surrounding Europe? On July 27, in an agreement with the European Union, Donald Trump announced that tariffs on imported goods from Europe will decrease from 30% to 15%. Most analysts believe that such an agreement is a result of Europe's response... https://infinitygalaxy.org/report/crude-oil-and-bitumen-prices-surrendered-to-political-tension/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/07/bitumen-weekly-report-252-infinity-full.webp Weekly Bitumen Report: Were Crude Oil and Bitumen Prices Surrendered to Political Tension? The Political and Economic Developments of the Week Unsolved Crisis, Neither Will the War End, Nor Will Oil Stabilize During the past week, the Middle East tension- especially the devastating status of Gaza and conflicts between Israel and Hamas continued. According to recent reports, deadly malnutrition and inhumane siege are significantly observed. However, the impact... https://infinitygalaxy.org/report/weekly-bitumen-report-is-global-bitumen-market-ready-to-pass-tension-and-recession/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/07/251.-web-banner-infinity-full.webp Weekly Bitumen Report: Is Global Bitumen Market Ready to Pass Tension and Recession? The Political and Economic Developments of the Week Are Tariff War and Repeated Political Tension Threats for the Economy? On July 15, Donald Trump announced a commercial agreement with Indonesia to avoid the implementation of 32% initial tariffs and reduce the tariffs to up to 19%. In response, Indonesia committed to purchase 50 Boeing jets,... https://infinitygalaxy.org/report/bitumen-and-crude-involved-in-political-shocks/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/07/bitumen-and-crude-involved-in-political-shocks-infinity-full.webp Weekly Bitumen Report: The Hidden Fight of Prices, Bitumen and Crude Involved in Political Shocks The Political and Economic Developments of the Week Political Shakes in World’s Economy During the last week, the international political atmosphere was under the influence of Donald Trump’s threats to impose heavy tariffs on copper, pharmaceuticals and semiconductors from key countries like Japan, Korea, European Union, and BRICS members leading to new instability in global... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-market-under-the-shadow-of-middle-east-crisis-and-market-fluctuations/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/07/Bitumen-Market-under-the-Shadow-of-Middle-East-Crisis-and-Market-Fluctuations-infinity-full.webp Weekly Bitumen Report: Bitumen Market under the Shadow of Middle East Crisis and Market Fluctuations The Political and Economic Developments of the Week The Middle East Crisis and Global Economic Fluctuations The Middles East crisis and fragile ceasefire between Iran and Israel are still the most important global factors affecting different markets and the geopolitical developments in the Middle East are at the center of global market attention.The financial markets... https://infinitygalaxy.org/report/weekly-bitumen-report-iran-israel-ceasefire-impact-on-oil-and-bitumen-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/06/iran-israel-ceasefire-impact-on-oil-and-bitumen-markets-infinity-full.webp Weekly Bitumen Report: A Fragile Ceasefire after the Twelve-Day War, Reset in Oil and Bitumen Markets The Political and Economic Developments of the Week The Twelve-Day War and Ceasefire and its Global Consequences During the past week, Iran attacked Israel with ballistic missiles for the first time. On June 22, the U.S attacked 3 nuclear sites of Iran, which was given the codename Operation Midnight Hammer. After this attack, an emergency... https://infinitygalaxy.org/report/weekly-bitumen-report-shakes-in-oil-and-bitumen-markets-under-war-shadow/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/06/Bitumen-Weekly-Report-19-June-2025.webp Weekly Bitumen Report: Shakes in Oil and Bitumen Markets under War Shadow The Political and Economic Developments of the Week Over the past week, the world observed the unilateral and one-sided military attacks of Israel on Iran. In response, Iran shot more than 400 missiles and hundreds of drones at Israel in a retaliatory action over the last days. Israel attacked many civilian and military areas in... https://infinitygalaxy.org/report/weekly-bitumen-report-israels-military-attacks-on-iran-sore-in-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/06/Bitumen-Weekly-Report-13-June-2025.webp Weekly Bitumen Report: Israel’s Military Attacks on Iran, Sore in Bitumen Market The Political and Economic Developments of the Week A direct military attack by Israel on Iran occurred at midnight on Friday, June 13, with missile strikes hitting hundreds of locations in Iran, resulting in the deaths of many civilians and military and political officials. These attacks caused the price of Brent crude oil to rise... https://infinitygalaxy.org/report/weekly-bitumen-report-tariffs-suspended-markets-even-more-so/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/06/web-banner-245.png Weekly Bitumen Report, 6 Jun 2025: Tariffs Suspended, Markets Even More So Global Political & Economic Shifts Over the past week, Washington’s rapid decision shifts once again shook the pulse of global markets. Trump extended the suspension of EU tariffs until June 9, by a phone call. However, just 24 hours later, the International Trade Court in New York announced that the White House had exceeded its... https://infinitygalaxy.org/report/weekly-bitumen-report-hot-middle-east-static-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/05/Weekly-Bitumen-Report-29-May-2025.webp Weekly Bitumen Report: Hot Middle East, Static Market During the last week, intense Israeli attacks on Gaza have continued, and widespread international condemnation continued. At the same time, Donald Trump, who recently postponed many of the announced tariffs on China, in a new decision and in a phone call with the President of the European Commission, announced an extension of the suspension of... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-market-global-prices-and-internal-pressure/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/05/Bitumen-Weekly-Report-22-May-2025.jpg Weekly Bitumen Report: Bitumen Market, Global Prices, and Internal Pressure In the past week, Donald Trump and his team signed economic contracts in the Middle East, lifted sanctions on Syria, negotiated for the freedom of an American citizen who was held captive by Hamas, and stopped military operations on the Houthis in Yemen. The import tariffs of the U.S. against China were significantly declined. They... https://infinitygalaxy.org/report/weekly-bitumen-report-political-changes-energy-imbalance-and-over-supply-mixed-signals-for-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/05/Bitumen-Weekly-Report-15-May-2025.jpg Weekly Bitumen Report: Political Changes, Energy Imbalance, and Over Supply: Mixed Signals for the Bitumen Market Last week, there were a lot of political and diplomatic changes in different parts of the world. In the Middle East, Israel started a new, big military operation in the Gaza Strip. They said they will keep going until the area is "completely cleared." These attacks have caused more worries around the world about the... https://infinitygalaxy.org/report/weekly-bitumen-report-geopolitical-pressure-and-oversupply-bitumen-market-on-the-brink-of-cautious-adjustment/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/05/Bitumen-Price-in-UAE.webp Weekly Bitumen Report: Geopolitical Pressure and Oversupply; Bitumen Market on the Brink of Cautious Adjustment Over the past week, geopolitical tensions have risen across multiple regions. In South Asia, India launched a wide-scale airstrike on targets in Pakistan in response to a terrorist attack in Kashmir, resulting in dozens of casualties. Pakistan condemned the action as “an act of war” and has vowed retaliation.In the Middle East, Israel has intensified... https://infinitygalaxy.org/report/weekly-bitumen-report-fall-in-oil-prices-and-reduction-of-global-demand-along-with-bandar-abbas-disaster/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/05/Bitumen-Weekly-Report-1-May-2025.webp Weekly Bitumen Report: Fall in Oil Prices and Reduction of Global Demand, along with Bandar Abbas Disaster The second term of Donald Trump’s presidency lasted over 100 days. During this time, his main concerns were imposing sanctions against Iran, escalating the trade war with China, and putting pressure on OPEC+ to reduce oil prices. At the same time, his unconditional support from Israel and attempts to symbolically end the Russia—Ukraine war were... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-market-waiting-for-the-political-signals/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/04/Bitumen-Weekly-Report-24-April-2025.jpg Weekly Bitumen Report: Bitumen Market Waiting for the Political Signals During the last week, the atmosphere of global energy markets has been influenced by some important political and economic incidents. One of the most significant ones was the notable reduction of U.S. tariffs on imported goods from China. The topic emerged after market pressures and the decline of U.S. stock indices, which quickly led to... https://infinitygalaxy.org/report/weekly-bitumen-report-sanctions-and-commercial-tension-main-components-of-energy-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/04/Bitumen-Weekly-Report-17-April-2025.webp Weekly Bitumen Report: Sanctions and Commercial Tension, Main Components of Energy Markets During the last week, the political and economic developments from America influenced energy markets. America imposed new sanctions against Chinese independent refineries due to the purchase of oil from Iran. At the same time, Trump’s government announced the implementation of new tariffs against imported goods from China. The tariffs include the products like mineral substances,... https://infinitygalaxy.org/report/weekly-bitumen-report-tariffs-key-factors-in-financial-and-commodity-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/04/Bitumen-Weekly-Report-10-April-2025.jpg Weekly Bitumen Report: Tariffs, Key Factors in Financial and Commodity Markets By the intensification of the trade war between the main 2 economic powers in the world, once again, Donald Trump increased tariffs against imported goods from China to America and accused China of “disrespect”. These tariffs presently reached 125%. China had previously announced that it would increase the tariffs of imported goods from America up... https://infinitygalaxy.org/report/weekly-bitumen-report-market-stability-by-the-end-of-eid-al-fitr-holiday/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/04/Bitumen-Weekly-Report-3-April-2025.webp Weekly Bitumen Report: Market Stability by the End of Eid-Al-Fitr Holiday On April 2, Donald Trump imposed extensive new tariffs on all imported goods. He unveiled a detailed list of reciprocal duties targeting more than 60 countries, asserting that this action is essential to address trade imbalances and revitalize U.S. manufacturing. This effort created concerns about the intensification of the trade war and its impacts on... https://infinitygalaxy.org/report/weekly-bitumen-report-oil-prices-strength-and-rise-in-iran-and-india-bitumen-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/03/Bitumen-Weekly-Report-27-March-2025.jpg Weekly Bitumen Report: Oil Prices Strength and Rise in Iran and India Bitumen Prices The negotiators of America and Russia gathered in a hotel in Saudi Arabia for a closed-door meeting. The Black Sea ceasefire deal in 2023 is the most significant topic of these negotiations. On March 23, Ukraine's representatives met with U.S. officials in the same place. At the same time, on March 26, Donald Trump announced... https://infinitygalaxy.org/report/weekly-bitumen-report-slight-rise-in-oil-prices-and-continuous-rise-of-iran-and-india/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/03/Bitumen-Weekly-Report-20-March-2025.jpg Weekly Bitumen Report: Slight Rise in Oil Prices and Continuous Rise of Iran and India On March 18, a few hours after the phone conversation between the presidents of Russia and America, the airstrikes between Ukraine and Russia were launched, causing urban infrastructure damage for both parties. According to Zelensky, Russia attacked a hospital. He stated that Putin refused the full ceasefire in his talks with Trump. After an almost... https://infinitygalaxy.org/report/weekly-bitumen-report-fall-of-bitumen-prices-in-europe-rise-in-india-and-iran/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/03/Bitumen-Weekly-Report-13-March-2025.jpg Weekly Bitumen Report: Fall of Bitumen Prices in Europe, Rise in India, and Iran On Tuesday, the foreign minister of the U.S who travelled to Saudi Arabia with a diplomatic delegation to lead the negotiations with Ukraine, stated that Ukraine government accepted the proposal of immediate 30-day ceasefire and now, "the ball is in Russia's court". In the meantime, America's tariff war against Canada made the Prime Minister of... https://infinitygalaxy.org/report/weekly-bitumen-report-trumps-decisions-and-opec-production-capacity-key-market-factors/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/03/Bitumen-Weekly-Report-6-March-2025.jpg Weekly Bitumen Report: Trump's Decisions and OPEC Production Capacity: Key Market Factors After Trump and Zelensky’s arguments in the White House and Europe’s support from Ukraine’s president, the White House stopped its support and supply of military data to Ukraine on March 5. At the same time, the President of France invited the military leader of Europe to Paris stating that Europe entered a “New Era” and... https://infinitygalaxy.org/report/weekly-bitumen-report-u-s-short-term-policies-and-iraq-oil-production-affecting-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/02/IMG_20250227_220802_723.jpg Weekly Bitumen Report: U.S Short-term Policies and Iraq Oil Production Affecting Market Donald Trump confirmed that “a very big agreement” will be signed between the US and Ukraine with Zelenskyy in the White House on February 28. He also pointed out that America plans to reclaim its money from the Russia and Ukraine war.He also mentioned in the U.S. Cabinet meeting that the 25% tariff on European... https://infinitygalaxy.org/report/weekly-bitumen-report-oil-price-confusion-in-fundamental-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/02/Bitumen-Weekly-Report-20-February-2025-scaled-1.jpg Weekly Bitumen Report: Oil Price Confusion in Fundamental Market Only one day after the meeting of foreign ministers of US- Russia in Riadh which was accompanied by public objections from Ukraine and the European countries, Volodymyr Zelenskyy and Donald Trump started sharp criticism against each other, publicly, causing the deterioration of relations between Kyiv and Washington rapidly. It happened exactly at the time of... https://infinitygalaxy.org/report/weekly-bitumen-report-price-jump-in-east-asia-and-europe-stability-in-west-asia/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/02/Bitumen-Weekly-Report-13-February-2025.jpg Weekly Bitumen Report: Price Jump in East Asia and Europe, Stability in West Asia In his latest statements, Donald Trump warned that “all hell” would break loose if every Israeli hostage is not released from Gaza until February, 15. In his meeting with Trump, Jordan’s king confirms his disagreement with moving Palestinians out of Gaza. On Wednesday, Trump had separate phone conversations with Putin, Russia’s president, and then Zelenskyy,... https://infinitygalaxy.org/report/weekly-bitumen-report-trump-remains-a-key-influencer-on-market-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/02/Bitumen-Weekly-Report-6-February-2025.jpg Weekly Bitumen Report: Trump Remains a Key Influencer on Market Prices In his new presidency term, Trump hosted his first guest, the Prime Minister of Israel, Benjamin Netanyahu. During his stay in America, Trump returned to the maximum pressure campaign on Iran and he proposed an ethnic cleansing plan in Gaza. Donald Trump also agreed to postpone the 25% tariff implementation against Canada and Mexico for... https://infinitygalaxy.org/report/weekly-bitumen-report-the-global-uptrend-of-bitumen-price-despite-oil-price-stability/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/01/Bitumen-Weekly-Report-30-January-2025.jpg Weekly Bitumen Report: The Global Uptrend of Bitumen Price despite Oil Price Stability One week after entering the White House, Trump surprised the whole world with his decisions. During this time, conflicts occurred between Trump and Colombian authorities over the refusal to allow two American planes carrying deported migrants to land, and he plans to implement a 25% import tariff against all Colombian goods. As a result of... https://infinitygalaxy.org/report/weekly-bitumen-report-trumps-re-entry-to-the-white-house-main-stimulus-of-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/01/Bitumen-Weekly-Report-23-January-2025.jpg Weekly Bitumen Report: Trump’s Re-entry to the White House, Main Stimulus of Market On January 20, Donald Trump took an oath as the U.S. president and started his plans immediately. The day before his inauguration, 3 Israeli captives were swapped with 90 prisoners of Hamas, and a temporary ceasefire commenced.After being sworn in as President of the United States, Trump did not miss the opportunity to use his... https://infinitygalaxy.org/report/weely-bitumen-report-jump-in-crude-oil-price-and-its-positive-effects-on-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/01/bitumen-Weekly-Report-16-January-2025.jpg Weely Bitumen Report: Jump in Crude Oil Price and its Positive Effects on Bitumen According to the latest reports, finally, Israel and Hamas reached a ceasefire agreement in Gaza. In his social media, Donald Trump pointed out the agreements to release Israeli captives. The negotiations for the Gaza ceasefire which were under progress in Doha, mediated by Qatar and the U.S., finally concluded on January 15, before Trump entered... https://infinitygalaxy.org/report/weekly-bitumen-report-fundamental-changes-in-favor-of-price-increase/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Bitumen-Drums2.jpg Weekly Bitumen Report: Fundamental Changes in Favor of Price Increase Political and economic earthquakes have happened during the last week, and Trump’s entry into the White House is approaching. On Tuesday, the early resignation of Justin Trudeau surprised everyone. Later, in his speech, Donald Trump requested to rename the Gulf of Mexico to the Gulf of America and to control the Panama Canal by the... https://infinitygalaxy.org/report/weekly-bitumen-report-stability-in-first-week-of-2025/ https://infinitygalaxy.org/wp/wp-content/uploads/2025/01/Bitumen-Weekly-Report-2-January-2025.jpg Weekly Bitumen Report: Stability in First Week of 2025 The year 2024 was over, while Middle East tensions and Russia’s war against Ukraine were ongoing, and Donald Trump would be entering the White House in less than 10 days. In the final hours of 2024, Russia’s gas export to Europe through Ukraine was stopped, and the five-year contract was over. However, there was no... https://infinitygalaxy.org/report/weekly-bitumen-report-stability-of-oil-and-bitumen-markets-in-late-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/12/Bitumen-Weekly-Report-26-December-2024-e1758197538801.jpg Weekly Bitumen Report: Stability of Oil and Bitumen Markets in Late 2024 On Christmas Day, Russia had a widespread attack on Ukraine using 184 missiles and drones. Around 2 weeks after the establishment of Syria's new government and the reopening of many embassies, the country's unrest began within the past days. In the meantime, despite the optimism of Israel and Hamas about their mutual agreements, there are... https://infinitygalaxy.org/report/weekly-bitumen-report-contradictory-factors-affecting-oil-and-bitumen-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/12/Bitumen-Weekly-Report-19-December-2024.jpg Weekly Bitumen Report: Contradictory Factors Affecting Oil and Bitumen Prices In the past week, Israel has occupied over 400 kilometers of Syrian territory. It has destroyed more than 70% of Syria's military capability through airstrikes to reduce the threat of future attacks on its territory. In the meantime, the USA expressed its optimism about the new round of negotiations between Israel and Hamas and hopes... https://infinitygalaxy.org/report/weekly-bitumen-report-new-changes-in-the-middle-east-and-chinas-economic-policy-forecast-of-price-increase/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/12/Bitumen-Weekly-Report-12-December-2024.jpg Weekly Bitumen Report: New Changes in the Middle East and China's Economic Policy, Forecast of Price Increase Within the last week, Syria's regime was toppled by the rebels and the situation in the Middle East got more complicated. At the same time, Israel's severe attacks on the borders of Syria commenced. Some analysts believe that the fall of Syria is a part of the deal between America and Russia on Ukraine's war... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-price-stability-in-other-regions-rise-in-iran-and-india/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/12/Bitumen-Weekly-Report-5-December-2024.jpg Weekly Bitumen Report: Bitumen Price Stability in Other Regions, Rise in Iran and India According to Reuters, the U.S. Federal Reserve increased the interest rate up to 0.25%. Such a surge can lead to the strengthening of the dollar and a decrease in oil demand. In the meantime, OPEC+ agreed to reduce oil production by up to 1.16 million bpd to maintain the balance of the oil market. At... https://infinitygalaxy.org/report/weekly-bitumen-report-iran-uptrend-of-bitumen-prices-and-its-fall-in-europe/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Bitumen-Weejly-Report-28-November-2024.jpg Weekly Bitumen Report: Iran Uptrend of Bitumen Prices and its Fall in Europe On November 27, the ceasefire between Israel and Hezbollah started at 4 A.M. local time. However, Israel's army informed the residents of Southern Lebanon not to return to their homes for the time being. It is still not clear whether Israel has any ceasefire plan with Hamas or not. Simultaneously, within the last week, Donald... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-prices-on-the-rise-in-iran/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Bitumen-Weekly-Report-21-November-2024.jpg Weekly Bitumen Report: Bitumen Prices on the Rise in Iran On the 1000th day of the Russia-Ukraine war, Russia targeted more than 100 regions of Ukraine with ballistic missiles. At the same time, Joe Biden and the U.K. authorized Ukraine to use long-range missiles to attack Russia. It is still unclear how Trump can end this war before entering the White House on January 10.... https://infinitygalaxy.org/report/weekly-bitumen-report-uptrend-of-iran-bitumen-prices-continues/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Bitumen-Weekly-Report-14-November-2024.jpg Weekly Bitumen Report: Uptrend of Iran Bitumen Prices Continues During the last week and following the victory of Donald Trump in the U.S. election, the Republicans gained the majority of the House of Representatives and took control of the Senate. Hence, the Senate and the House will fully support Trump's agenda. In the Middle East, the tough war of Israel against Lebanon and Gaza... https://infinitygalaxy.org/report/weekly-bitumen-report-effects-of-trumps-victory-on-global-financial-and-commodity-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/11/Bitumen-Weekly-Report-7-November-2024.jpg Weekly Bitumen Report: Effects of Trump's Victory on Global Financial and Commodity Markets The most important news of the week was the victory of Donald Trump in the U.S. presidential election, and he became the president for the second time. It was a significant achievement for the Republicans after running Trump’s election campaign for one year. On November 6, the metal exchange of China dropped by 3% which... https://infinitygalaxy.org/report/weekly-bitumen-report-the-uptrend-of-bitumen-despite-crude-oil-decline/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/Bitumen-Weekly-Report-31-October-2-24.jpg Weekly Bitumen Report: The Uptrend of Bitumen Despite Crude Oil Decline On October 26, at midnight, Israel's retaliatory airstrike attack against Iran happened. After that, Iran requested an urgent session of the United Nations and asserted its right to retaliate. At the same time, Israel continued its attacks in Lebanon and Gaza, leading to numerous casualties. The U.S. presidential election will be held in less than... https://infinitygalaxy.org/report/weekly-bitumen-report-continuation-of-price-soar-amid-middle-east-tension/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/Bitumen-Weekly-Report-24-October-2024.jpg Weekly Bitumen Report: Continuation of Price Soar amid Middle East Tension Antony Blinken, United States Secretary of State, traveled to the Middle East for the eleventh time last year. The purpose of this visit was an attempt to reduce tension in the Middle East, however, the level of geopolitical risks is strongly high. Israel’s threats against Iran are still going on and the region is worried... https://infinitygalaxy.org/report/weekly-oil-report-absence-of-israel-revenge-pushed-oil-down/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/UKOIL_2024-10-21_14-15-08.png Weekly Oil Report: Absence of Israel Revenge Pushed Oil Down Oil fell by about 8% last week as tensions dropped in the Middle East. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $73.14, and WTI closed at $68.78. WTI is back to its falling channel which started in July. The double top pattern shows we can have more... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-prices-surge-amid-middle-east-tensions/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/Bitumen-Weekly-Report-17-October-2024.jpg Weekly Bitumen Report: Bitumen Prices Surge Amid Middle East Tensions During the last week, America sent the first series of high-altitude anti-missile systems, THAAD, to Israel. At the same time, Israel continued its military attacks against Lebanon and Gaza and kept threatening Iran with a retaliatory attack. On the other hand, Iran’s Minister of Foreign Affairs is holding his diplomatic tour to negotiate with the... https://infinitygalaxy.org/report/weekly-oil-report-fears-of-supply-disruption-over-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/USOIL_2024-10-12_13-36-14.png Weekly Oil Report: Fears of Supply Disruption Over Market Iran and Israel disputes put more pressure on oil markets. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $78.85, and WTI closed at $75.44. You can see the mid-September uptrend channel on the 1h chart of WTI. The breakout pullback happened and it needs to pass above 78... https://infinitygalaxy.org/report/weekly-bitumen-report-rising-bitumen-price-by-all-producing-countries/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/Bitumen-Weekly-Report-10-October-2024.jpg Weekly Bitumen Report: Rising Bitumen Price by All Producing Countries On the anniversary of 7 October, Israel’s attacks to the south of Lebanon and the Gaza Strip hiked up. Despite the wide global disagreements with these attacks, Israel keeps fighting. The Middle East tensions are strongly the main factors affecting the rise in crude oil prices. The Milton Storm paused America’s oil and gas activities... https://infinitygalaxy.org/report/weekly-oil-report-world-focused-on-middle-east-and-world-war-iii/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/UKOIL_2024-10-05_09-01-19.png Weekly Oil Report: World Focused on Middle East and World War III Oil was pumped up after hectic tensions in the Middle East. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $78.05 and WTI closed at $74.39. Brent’s coming resistances are shown on the chart. It’s not bad to take a look at WTI chart too. WTI price broke a... https://infinitygalaxy.org/report/weekly-bitumen-report-immediate-developments-in-the-middle-east-and-jump-in-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/10/Bitumen-Weekly-Report-3-October-2024.jpg Weekly Bitumen Report: Immediate Developments in the Middle East and Jump in Bitumen Price After the assassination of Hezbollah leader and an Iranian General in the air strikes of Israel, in a retaliatory action, Iran fired more than 200 Ballistic missiles at Israel’s land on October 1. These missiles were tracked by America, England, France, and the defense of Israel’s Iron Dome but most of them hit other targets... https://infinitygalaxy.org/report/weekly-oil-report-lebanon-bloodbath-brings-more-choas-to-the-middle-east/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/UKOIL_2024-09-29_11-03-26.png Weekly Oil Report: Lebanon Bloodbath Brings More Choas to the Middle East Hectic events in the Middle East kept commodities turbulent. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $71.95 and WTI closed at $68.57. Gold also had a new record by closing above $2600 per ounce. Brent had a price gap but considering the regional tensions, it can move upward... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-rise-in-east-asia-and-iran-fall-in-europe/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/Bitumen-Weekly-Report-26-September-2024.jpg Weekly Bitumen Report: Bitumen Rise in East Asia and Iran, Fall in Europe On Wednesday, September 25, the US, France, UK, Australia, Canada, Germany, Italy, Japan, Saudi Arabia, Qatar, United Arab Emirates, and the European Union published a joint statement calling for Hezbollah and Israel to reach a temporary 21-day ceasefire. Concerns about the development of land warfare have increased and the Middle East may encounter a new... https://infinitygalaxy.org/report/weekly-oil-report-geopolitical-tensions-conquered-over-economic-concerns/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/UKOIL_2024-09-23_09-16-57.png Weekly Oil Report: Geopolitical Tensions Conquered Over Economic Concerns Brent recovered by about 4% this week and set the second straight weekly gain. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $74.68 and WTI closed at $71.19. As shown on 1h chart, price has been moving along the yellow support. Momentum is a little down and the... https://infinitygalaxy.org/report/weekly-bitumen-report-new-cyber-war-in-the-middle-east-and-probable-price-changes/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/Bitumen-Weekly-Report-19-September-2024.jpg Weekly Bitumen Report: New Cyber War in the Middle East and Probable Price Changes The explosion of hundreds of pagers in Lebanon created another wave of attacks against Hezbollah which is contributed to Israel. In the meantime, in the first press conference of Iran’s president, he stated that Israel attempts to pull Iran into a regional war. The smallest tension in the Middle East can affect the trend of... https://infinitygalaxy.org/report/weekly-oil-report-is-this-the-end-of-losing-streak-for-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/UKOIL_2024-09-14_15-19-31.png Weekly Oil Report: Is This the End of Losing Streak for Crude? Oil recovered slightly after 4 constant falling weeks. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $72.09 and WTI closed at $69.20. Revised supports are shown on the chart. A divergence is happening between volume and price movements. It can be a risky factor for bulls but at... https://infinitygalaxy.org/report/weekly-bitumen-report-eia-crude-oil-probably-jumps-over-80-usd/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/Bitumen-Weekly-Report-12-September-2024.jpg Weekly Bitumen Report: EIA: Crude Oil Probably Jumps Over 80 USD On Tuesday, September 10, Kamala Harris and Donald Trump debated in Philadelphia for the first time. Despite shaking hands, they did not seem to be friends! In a flash poll, most debate watchers said that Harris outperformed Trump and the betting markets reflected the same. In the meantime, the Secretary of the US and UK... https://infinitygalaxy.org/report/weekly-oil-report-wti-fell-below-70-by-bears/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/UKOIL_2024-09-07_13-55-49.png Weekly Oil Report: WTI Fell Below $70 by Bears September started with a sharp fall for Oil pushing it below $70. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $71.47 and WTI closed at $68.08. The triangle, shown last week on the chart, broke downward by about 7%. The price is now on long-term support and there... https://infinitygalaxy.org/report/weekly-bitumen-report-a-sudden-crude-oil-decline/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/Bitumen-Weekly-Report-5-September-2024.jpg Weekly Bitumen Report: A Sudden Crude Oil Decline On Tuesday, September 3, two days after the discovery of the dead bodies of six Israeli hostages, the country witnessed major protests against Netanyahu. The protestors believed that he did not adequately protect the captives to ensure their safe return home. In the meantime, Biden also accused Netanyahu of not doing enough to secure a... https://infinitygalaxy.org/report/weekly-oil-report-recording-a-decline-for-august-as-demand-weakens/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/09/UKOIL_2024-08-31_09-34-58.png Weekly Oil Report: Recording a Decline For August as Demand Weakens Oil closed August by about 5% decline. On Friday, Brent closed at $76.99 and WTI closed at $73.59. Watch crude oil technical analysis: Click for Special Bitumen Offer On 4h chart of Brent, you see a triangle forming the apex and the price is getting closer to the lower line. Considering the volume and RSI,... https://infinitygalaxy.org/report/weekly-bitumen-report-various-bitumen-price-directions-in-east-west-and-middle-east/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/Bitumen-Weekly-Report-29-August-2024.jpg Weekly Bitumen Report: Various Bitumen Price Directions in East, West, and Middle East The attempts for peace negotiations between Israel and Hamas ended without any progress and even on August 28, Israel attacked Gasa Strip and killed lots of civilians. At the same time, Pentagon states that the oil tanker which caught fire in the Red Sea by the Houthis last week, is still on fire and oil... https://infinitygalaxy.org/report/weekly-oil-report-jackson-hole-2024-pulled-oil-2-higher/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/USOIL_2024-08-26_10-32-32.png Weekly Oil Report: Jackson Hole 2024 Pulled Oil 2% Higher Crude oil increased as Jackson Hole 2024 took place on August 22. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $79.05 and WTI closed at $74.91. WTI had about 2% growth only in two days while it was constantly falling in days before. On Brent's chart, a diversion... https://infinitygalaxy.org/report/weekly-bitumen-report-recession-fear-in-china-by-more-tension-in-the-middle-east/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/Bitumen-Weekly-Report-22-August-2024.jpg Weekly Bitumen Report: Recession Fear in China by More Tension in the Middle East In a tele-conversation between Joe Biden and Benjamin Netanyahu, Biden stressed the urgency of immediate ceasefire in Gaza and agreements on hostage release. At the same time, at least 50 people were killed in Gaza in another airstrike of Israel and severe fire exchanged happened between Israel and Hezbollah. In the meantime, the authorities of UK... https://infinitygalaxy.org/report/weekly-oil-report-escalating-uncertainty-in-global-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/USOIL_2024-08-18_11-54-00.png Weekly Oil Report: Escalating Uncertainty in Global Markets At the end of the week, WTI had a big dip leaving a 3% gap on the chart. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $79.59 and WTI closed at $75.41. Brent moved below 61% fib level despite the decreasing US Rig count for multiple weeks.  Gold... https://infinitygalaxy.org/report/weekly-bitumen-report-oil-price-jump-by-us-relative-economic-improvement-and-middle-east-tension/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/Bitumen-Weekly-Report-15-August-2024.jpg Weekly Bitumen Report: Oil Price Jump by US Relative Economic Improvement and Middle East Tension During the last week, 3 European presidents expressed their worries about the Middle East tension through a common statement. They asked Iran to refrain from any retaliatory attacks against Israel to avoid any damage to the probable peace trend. In the meantime, concerns about Iran’s possible attack on Israel are growing daily. On the other hand, Hamas... https://infinitygalaxy.org/report/weekly-oil-report-macroeconomy-dominating-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/UKOIL_2024-08-10_14-50-34.png Weekly Oil Report: Macroeconomy Dominating Commodities After 4 falling weeks, oil recorded growth of about 3%. Brent closed at $79.70 and WTI closed at $77.00. The indicator’s divergence shows a possibility of price correction in short term. Click for Special Bitumen Offer Macroeconomic fears stressed many in stocks and commodities last week. Japan's Nikkei index recorded the biggest loss since 1987... https://infinitygalaxy.org/report/weekly-bitumen-report-concerns-on-u-s-economic-crises-along-with-riase-of-the-middle-east-tensions/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/Bitumen-Weekly-Report-8-August-2024.jpg Weekly Bitumen Report: Concerns on U.S. Economic Crises Along with Raise of the Middle East Tensions The international attempts to prevent more tension between Iran and Israel in the Middle East have not led to any positive outcome and Iran considers revenge against Israel to be its right. In the meantime, on August 8, there was some news about the possible Iran missile attack on Israel within the next hours of... https://infinitygalaxy.org/report/weekly-oil-report-does-assassination-of-hamas-leader-push-prices-higher-again/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/UKOIL_2024-08-04_11-53-04.png Weekly Oil Report: Does Assassination of Hamas Leader Push Prices Higher Again? On Friday, Brent closed at $77.38 and WTI closed at $74.11. Watch crude oil technical analysis: Click for Special Bitumen Offer July closed with a 4% decline due to diminishing demand from China. On the 4h chart, you can see a double bottom forming a turning point. Fundamentally, rising geopolitical tensions in the Middle East... https://infinitygalaxy.org/report/weekly-bitumen-report-jump-in-crude-oil-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/08/Bitumen-Weekly-Report-1-August-2024.jpg Weekly Bitumen Report: Jump in Crude Oil Price The assassination of the number two figure of Hezbollah at the borders of Lebanon, along with the simultaneous assassination of the head of Hamas's political bureau in Tehran, both by Israel, caused oil prices to increase by about $4 by Thursday, August 1, returning from its lowest level in the past seven weeks. The surge... https://infinitygalaxy.org/report/weekly-oil-report-bad-news-for-crude-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/UKOIL_2024-07-28_11-22-22.png Weekly Oil Report: Bad News for Crude Markets On Friday, Brent closed at $79.61 and WTI closed at $76.41. Watch crude oil technical analysis: Click for Special Bitumen Offer The head and shoulder pattern, shown last week, was fully completed throughout the week. Oil dropped sharply on Friday and it caused July to be a bad month for crude up to now. However,... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-price-surge-despite-worries-on-crude-oil-fall/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/Loading-Oxidized-bitumen-scaled-1.jpg Weekly Bitumen Report: Bitumen Price Surge Despite Worries on Crude Oil Fall On July 21, Joe Biden dropped out of the US presidential election and 2 days later, Kamala Harris was officially appointed as the candidate of Democrats. It was previously announced by AXIOS news agency that Biden would drop out of this election during the weekend. This led to a weak improvement in commodity markets. However,... https://infinitygalaxy.org/report/weekly-oil-report-concerns-pile-up-about-chinas-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/UKOIL_2024-07-21_11-07-21.png Weekly Oil Report: Concerns Pile Up About China’s Demand Oil dropped by about 3% due to fears about China’s demand. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $82.60 and WTI closed at $78.58. Although price fluctuates in the same range as the last 6 months, it recorded a long falling candle on Friday. The head and... https://infinitygalaxy.org/report/weekly-bitumen-report-fundamental-support-for-crude-oil-and-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/Bitumen-Weekly-Report-18-July-2024.jpg Weekly Bitumen Report: Fundamental Support for Crude Oil and Bitumen The failed assassination attempt of Donald Trump and the increase in his victory possibility in the next presidential election of the US caused the commodity markets to maintain their uptrend during the last week. In this political confusion in the campaigns of the Democrats and Trump's more success will probably strengthen the current situation. In... https://infinitygalaxy.org/report/weekly-oil-report-slower-demand-confused-traders/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/UKOIL_2024-07-14_08-42-14-1.png Weekly Oil Report: Slower Demand Confused Traders On Friday, Brent closed at $84.95 and WTI closed at $82.14. Despite a 2% fall, it stayed above 82 which is a strong psychological level. Watch crude oil technical analysis: Click for Special Bitumen Offer Purchasing power has decreased but the general market sentiment is not turned down. Demand and expected Fed cut in September... https://infinitygalaxy.org/report/weekly-bitumen-report-support-of-bitumen-price-continues/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/Bitumen-Weekly-Report-11-July-2024.jpg Weekly Bitumen Report: Support of Bitumen Price Continues In the second round of Iran's presidential election, Masoud Pezeshkian was appointed as the president of Iran. Considering his political views and economic programs, it seems that the approach of Iran’s new government is negotiation to reduce the tension. His swearing-in ceremony will be held on 30th July. In America, there has been a wave... https://infinitygalaxy.org/report/weekly-oil-report-fundamentals-stay-in-favoure-of-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/UKOIL_2024-07-06_16-33-37.png Weekly Oil Report: Fundamentals Stay in Favoure of Crude Oil July started with over 2% growth for oil. Brent closed at $86.83 and WTI closed at $83.29. Watch crude oil technical analysis: Click for Special Bitumen Offer Price is still on the way to touch the blue resistance. In 4h timeframe, a short-term support line is guiding the price to hit 90. Unless the price... https://infinitygalaxy.org/report/weekly-bitumen-report-global-election-season-and-uptrend-of-bitumen-and-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/07/Bitumen-Weekly-Report-4-July-2024.jpg Weekly Bitumen Report: Global Election Season and Uptrend of Bitumen and Crude Oil The first US presidential debate was held and many believe that Trump was its winner. Later, the Democratic pressure on Biden increased to drop out of the election. Simultaneously, the run-off presidential election of Iran will be held on July, 5. The economic and political plans of both candidates are absolutely against each other and... https://infinitygalaxy.org/report/weekly-oil-report-crude-prices-climbed-due-to-geopolitical-risks/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/UKOIL_2024-06-30_10-20-06.png Weekly Oil Report: Crude Prices Climbed Due to Geopolitical Risks June ended with 3 bullish weeks for crude oil since geopolitical tensions grew constantly. Watch crude oil technical analysis: Click for Special Bitumen Offer Brent closed June at $84.86 and WTI closed at $81.44. Price is trying to hit the top blue resistance for the third time on weekly and daily timeframes. Conflicts in the... https://infinitygalaxy.org/report/weekly-bitumen-report-oil-price-stability-and-its-positive-effect-on-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Bitumen-Weekly-Report-27-June-2024.jpg Weekly Bitumen Report: Oil Price Stability and its Positive Effect on Bitumen On June 27, the first presidential debate will be held between Joe Biden and Donald Trump. This debate and their responses can have impact on the global oil prices. Besides, on June 28, the snap presidential election of Iran will be held with 6 candidates. Its results can also significantly affect the trend of energy... https://infinitygalaxy.org/report/weekly-oil-report-crude-prices-increased-with-demand-optimism-and-rising-tensions/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/BR1_2024-06-23_17-57-18.png Weekly Oil Report: Crude Prices Increased with Demand Optimism and Rising Tensions Oil futures stayed the same on Friday, June 21. Signs of rising demand and falling US oil inventories pushed the market for constant growth in the week. After a 0.8 % growth, Brent Futures closed at 85.56$ and WTI closed at 82.12$ for August delivery. Interestingly, prices have increased for the coming month by about 5%... https://infinitygalaxy.org/report/weekly-bitumen-report-positive-oil-trend-and-bitumen-support/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Bitumen-drum-scaled-1.jpg Weekly Bitumen Report: Positive Oil Trend and Bitumen Support During the last week, oil price touched its highest level. According to Reuters, the reason of such surge can be attributed to the concerns about intensification of tension and its effects on oil demand due to the unexpected increase of US SPR.According to the authentic sources, after the drone attack of Ukraine to Russia’s energy... https://infinitygalaxy.org/report/weekly-oil-report-economy-and-geopolitical-tensions-dominating/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Crude-Oil-Price-Trend-June-2024.jpg Weekly Oil Report: Economy and Geopolitical Tensions Dominating Oil markets are under mixed sentiment due to: US Inflation Outlook China’s New Report US Pushing Gaza Truce Mixed sentiment in the market is leading to quick shifts in prices with every piece of news. Therefore, the sharp dip was covered by a sharp rise during this week due to demand outlook reports and US... https://infinitygalaxy.org/report/weekly-bitumen-report-us-economic-data-helps-oil-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Bitumen-Weekly-Report-13-June-2-24.jpg Weekly Bitumen Report: US Economic Data Helps Oil Prices On June 12, Hezbollah of Lebanon launched its largest missile attack on Israel, and at the same time, Israeli fighters responded to this attack. However, with the freedom of 4 Israeli hostages, America attempted more of a ceasefire. All these movements happened after the death of a high-ranking commander of Hezbollah by Israel. In the... https://infinitygalaxy.org/report/weekly-oil-report-sudden-shed-of-crude-following-a-bearish-pulse/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/UKOIL_2024-06-09_11-06-29.png Weekly Oil Report: Sudden Shed of Crude Following A Bearish Pulse Crude oil met its lowest since February. On Friday, Brent closed at $79.47 and WTI settled around $75.35. On Monday, Brent broke through the support line with a long-body candle and fell below $ 80. The market resisted the bears on Friday but it hasn’t been enough to get back on rising track. Watch crude... https://infinitygalaxy.org/report/weekly-bitumen-report-more-pressure-on-bitumen-prices-with-sudden-fall-of-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/Bitumen-Weekly-Report-6-June-2024.jpg Weekly Bitumen Report: More Pressure on Bitumen Prices with Sudden Fall of Crude Oil On Thursday, Putin warned America and the West that Russia is capable of providing weapons to other countries to attack these regions. He stated so in response to America and its allies that allowed Ukraine to attack some targets of Russia using their weapons. At the same time, while international mediators are getting ready to... https://infinitygalaxy.org/report/weekly-oil-report-mixed-signals-sparking-uncertainty-and-volatilities/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/06/UKOIL_2024-06-01_21-04-56.png Weekly Oil Report: Mixed Signals Sparking Uncertainty and Volatilities Oil ended May with over 5% loss for the second consecutive month in favour of sellers. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $81.28 and WTI settled around $77.12. At first of the week, price penetrated 100 MA but it retreated on Wednesday. Market uncertainty is visible on... https://infinitygalaxy.org/report/weekly-bitumen-report-stability-and-possibility-of-price-increase/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Bitumen-Weekly-Report-31-May-2024.jpg Weekly Bitumen Report: Stability and Possibility of Price Increase The prime minister’s national security adviser of Israel stated that the Gaza war could go on for at least the rest of 2024, while widespread humanitarian disasters are happening in Gaza and numerous objections are being observed in different countries all over the world. While the world is worried about Gaza’s terrible situation, Russia started... https://infinitygalaxy.org/report/weekly-oil-report-surprising-twist-of-political-fundamentals/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/UKOIL_2024-05-25_16-36-15.png Weekly Oil Report: Surprising Twist of Political Fundamentals Another week passed with uncertain traders in oil markets. Watch crude oil technical analysis: Click for Special Bitumen Offer The price continued struggling in the same range as the last couple of weeks. On Friday, Brent closed at $82.11 and WTI settled around $77.75. The shown support held on with a long shadow tail. The... https://infinitygalaxy.org/report/weekly-bitumen-report-numerous-effective-incidents-and-lack-of-market-direction/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Bitumen-Weekly-Report-23-May-2024.jpg Weekly Bitumen Report: Numerous Effective Incidents and Lack of Market Direction During the last week, Iran’s president, his foreign minister, and some other companions were killed in a helicopter crash. At the same time, Norway, Spain, and Ireland announced they were officially recognizing the State of Palestine. Poland also supported this action. In the east of the world, Russia continues to advance in the war. In... https://infinitygalaxy.org/report/weekly-oil-report-mixed-trend-happening-due-to-uncertainty/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Crude-Oil-Price-Trend-20-May-2024.png Weekly Oil Report: Mixed Trend Happening Due to Uncertainty Breaking News: Iran’s president, Ebrahim Raeesi, was found dead at a helicopter crash site with his foreign minister and others. According to the national press, no one survived the crash. Watch crude oil technical analysis: Click for Special Bitumen Offer On Friday, Brent closed at $83.90 and WTI settled around $79.46. The chart of oil... https://infinitygalaxy.org/report/weekly-bitumen-report-various-price-directions-in-iran-europe-india-and-east-asia/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Bitumen-Weekly-Report-16-May-2024.jpg Weekly Bitumen Report: Various Price Directions in Iran, Europe, India, and East Asia Israel’s war against Hamas got intensified in the populated regions in spite of the warnings of Europe and America.  On Wednesday, European Union urged Israel to end Rafah offensive “immediately” and warned that continuing it will put heavy strain on the relations between the 2 parties. Blinken says U.S. will not support Israel for the... https://infinitygalaxy.org/report/weekly-oil-report-markets-slowly-rising-as-brent-stays-above-82/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/UKOIL_2024-05-11_19-44-19.png Weekly Oil Report: Markets Slowly Rising As Brent Stays Above 82 Oil prices closed low but slightly improved compared to last week. Watch crude oil technical analysis: Click for Special Bitumen Offer China’s oil imports have increased by 5.5% since April 2023. Chinese robust demand is making new sparks in oil markets and it caused Brent futures to record a weekly gain. US government continues SPR... https://infinitygalaxy.org/report/weekly-bitumen-report-market-awaits-oil-direction/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Bitumen-Weekly-Report-9-May-2024-1.jpg Weekly Bitumen Report: Market Awaits Oil Direction Last week, Putin was re-elected as Russia's president for the fifth time and defended Russia's war against Ukraine. America announced that they would stop sending military weapons to Israel if they did not finish their attacks on Rafah. Peace negotiations between Israel and Hamas continued with the USA's optimism, and inflation rate of the European... https://infinitygalaxy.org/report/weekly-oil-report-sudden-changes-of-rates-following-less-tensions/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/UKOIL_2024-05-05_09-31-32.png Weekly Oil Report: Sudden Changes of Rates Following Less Tensions Crude oil ended April flat and started May with a loss due to easing Middle East tensions. In the last two weeks, Brent could hold above $ 89, however, it didn’t last long. On Friday, Brent closed the week at $82.78 with a $ 7 decrease and WTI settled around $77.93. Oil prices have touched... https://infinitygalaxy.org/report/weekly-bitumen-report-determination-of-interest-rate-and-sudden-change-of-oil-price-direction/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/05/Bitumen-Weekly-Report-2-May-2024.jpg Weekly Bitumen Report: Determination of Interest Rate and Sudden Change of Oil Price Direction For the sixth consecutive time, the Federal Reserve determined the interest rate without any changes. Its heads stated that as improvement in inflation control has been paused in the United States, so the interest rate will remain unchanged. This is the same level approved in the meeting of the Central Bank in June 2023 which... https://infinitygalaxy.org/report/weekly-oil-report-market-stays-in-favour-of-bulls/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/UKOIL_2024-04-28_22-59-51.png Weekly Oil Report: Market Stays in Favour of Bulls Crude oil slowed down with some reports about an invetory build in the Middle of the month. These possibility is making traders a little hesitant. Click for Special Bitumen Offer However, StanChart has forecast that demand will increase in May and June in favor of bulls. StanChart believes that OPEC will not increase supply either.The... https://infinitygalaxy.org/report/weekly-bitumen-report-various-price-directions-in-regional-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/Bitumen-Weekly-Report-25-April-2024.jpg Weekly Bitumen Report: Various Price Directions in Regional Markets During the last week and with the reduction of tension between Iran and Israel in the Middle East, it seems that regional issues are facing some kinds of uncertainties. There is still no clear status on the ceasefire between Israel and Hamas after more than 6 months. The Red Sea has not recovered its normal... https://infinitygalaxy.org/report/weekly-oil-report-uncertain-tensions-continue-in-middle-east/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/UKOIL_2024-04-21_14-42-43.png Weekly Oil Report: Uncertain Tensions Continue in Middle East On 19 April 2024, Israel launched a limited strike on Iran. The attack didn’t have much damage; therefore, it didn’t cause more tensions. Watch on YouTube: Click for Special Bitumen Offer Oil prices had a sudden drop before the attack but recovered slightly after it. Staying above $80, Brent closed the week at $87.15 and... https://infinitygalaxy.org/report/weekly-bitumen-report-price-growth-market-uncertainties/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/Bitumen-Weekly-Report-18-April-2024-scaled-1.jpg Weekly Bitumen Report: Price Growth & Market Uncertainties Traditionally, there is a direct relation between oil price and the Middle East geopolitical situation, but this time, oil market is anticipating the rise or reduction of tension between Iran and Israel. Vandana Hari, the financial market analyst, believes that after Iran’s attacks to Israel, there was not any other tension between the 2 countries... https://infinitygalaxy.org/report/weekly-oil-report-iran-retaliatory-attack-intensifies-region-tensions/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/UKOIL_2024-04-14_10-44-42.png Weekly Oil Report: Iran Retaliatory Attack Intensifies Region Tensions Late on Saturday, Iran launched hundreds of missiles and drones on Israel in response to Israeli airstrike on Iran Damascus Embassy. Watch on YouTube: Click for Special Bitumen Offer According to reports, attacks only targeted military bases in Israel and didn’t have serious casualties. Israel response will play a huge role in escalation of disputes.... https://infinitygalaxy.org/report/weekly-bitumen-report-the-middle-east-security-concerns-and-price-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/Bitumen-Weekly-Report-11-April-2024.jpg Weekly Bitumen Report: The Middle East Security Concerns and Price Growth During the last week, most of the global commodity markets experienced rise in the prices and one of its reasons was the expectation on the reduction of interest rate in America within the next weeks. The latest published report about employment rate in America demonstrates an acceptable position of employment in the country. Brent crude... https://infinitygalaxy.org/report/weekly-oil-report-geopolitical-risks-pushed-brent-above-90/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/UKOIL_2024-04-06_14-19-46.png Weekly Oil Report: Geopolitical Risks Pushed Brent Above $90 Oil continued rocketing higher in the first week of April by about 5% growth. Brent closed at $90.87 and WTI settled around $86.67. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer The current candle pattern looks to be imaging previous upward movement so we might expect a correction similar to... https://infinitygalaxy.org/report/weekly-bitumen-report-global-improvement-of-oil-bitumen-price-continues/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/Bitumen-Weekly-Report-4-April-2024.jpg Weekly Bitumen Report: Global Improvement of Oil & Bitumen Price Continues The strongest earthquake in Taiwan in the past 25 years shook Taiwan. The island supplies 90% of TSMC chip production which is crucial for producing chips for companies. Copper reached 9,094 USD which is its highest level since last year. Each ounce of gold also exceeded the $2300 mark and it is also among the... https://infinitygalaxy.org/report/weekly-oil-report-rising-trend-continues-in-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/04/Blue-.png Weekly Oil Report: Rising Trend Continues in Crude Oil closed March with over 6% growth. On Friday, Brent closed the week at $86.92 and WTI settled around $83.06. Rally of oil continued to the day before Good Friday. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent price took off after touching 38% Fib level. If the purchasing... https://infinitygalaxy.org/report/weekly-bitumen-report-increase-of-positive-signals-affecting-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Bitumen-Weekly-Report-28-March-2024.jpg Weekly Bitumen Report: Increase of Positive Signals Affecting Bitumen Price In a report, Oil price stated that "In what feels like an increasingly bullish oil market, $90 Brent is now a real possibility. While demand uncertainty persists, geopolitical risk, a weakening U.S. dollar, and OPEC+ supply cuts have moved prices higher".On Thursday, the oil price was still reported in the range of 86 USD per... https://infinitygalaxy.org/report/weekly-oil-report-strong-demand-projections-boosting-positive-sentiment/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/UKOIL_2024-03-24_15-52-58-Chart-1.png Weekly Oil Report: Strong Demand Projections Boosting Positive Sentiment Oil hiked above $ 80 after 4 months. On Friday, Brent closed the week at $85.52 and WTI settled around $80.74. Watch crude technical analysis and comment your ideas:Bullish sentiment could override the tense zone to start a new rising leg. New high and low are shown on the chart. Since the zone was properly... https://infinitygalaxy.org/report/weekly-bitumen-report-shadows-of-crude-oil-surge-on-bitumen-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Weekly-Report-of-Bitumen-Razieh-Gilani.jpg Weekly Bitumen Report: Shadows of Crude Oil Surge on Bitumen Markets US Secretary of State travelled to the Middle East to negotiate for the potential proposals of Gaza's security management after the war. His talks will be focused on “an architecture for lasting peace” in his meetings with the leaders of Saudi Arabia and Egypt. At the same time, Russia’s election commission announced that Putin was... https://infinitygalaxy.org/report/weekly-oil-report-bullish-sentiment-in-favour-of-crude-and-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/UKOIL_2024-03-17_10-08-24-1.png Weekly Oil Report: Bullish Sentiment in Favour of Crude and Commodities After 4 weeks, oil finally broke the rangebound. Brent closed the week at $85.26 and WTI settled around $80.97. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer On Wednesday, bullish sentiment broke out in oil markets due to an increasingly stronger demand outlook. Brent has climbed above 85 USD for... https://infinitygalaxy.org/report/weekly-bitumen-report-raise-of-positive-signals-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Bitumen-Weekly-Report-14-March-2024.jpg Weekly Bitumen Report: Raise of Positive Signals in the Market In his recent remarks, Joe Biden, the president of USA, clearly criticized the performance of Benjamin Netanyahu, the prime minister of Israel. He declared that Netanyahu's disregard for "innocent lives" is "hurting Israel”. A few days ago, and in the annual congress of America, Biden stated that the US military would set up the pier... https://infinitygalaxy.org/report/weekly-oil-report-positive-trade-data-stimulating-energy-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/UKOIL_2024-03-09_16-39-39.png Weekly Oil Report: Positive Trade Data Stimulating Energy Demand Oil prices stick to the rangebound. Brent closed the week at $81.82 and WTI settled around $77.78. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Weekly candles recorded about 1% of loss despite positive economic reports. Obviously, the price is moving rangebound between two boxes in red and blue. Since... https://infinitygalaxy.org/report/weekly-bitumen-report-positive-economic-signals-in-china-and-america/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/Bitumen-Weekly-Report-7-March-2024.jpg Weekly Bitumen Report: Positive Economic Signals in China and America By the decisive victory of Donal Trump in Super Tuesday 2024, it became almost clear that Joe Biden will be his main competitor in the next presidential election of America and gold price reached its highest level in the history accordingly. The City Group analysts believe that gold market will show a positive performance within... https://infinitygalaxy.org/report/weekly-oil-report-march-bears-two-important-events/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/03/UKOIL_2024-03-03_10-10-31.png Weekly Oil Report: March Bears Two Important Events On Friday, Brent closed the week at $83.33 and WTI settled around $79.75. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Oil prices climbed above 80 but it didn’t last long to break the rangebound. The sentiment is more bullish but it hasn’t overcome the uncertainty yet. The weak economic... https://infinitygalaxy.org/report/weekly-bitumen-report-strong-export-pressures-in-iran/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Bitumen-Weekly-Report-29-February-2024.jpg Weekly Bitumen Report: Strong Export Pressures in Iran The 7th Gas Exporting Countries Forum (GECF) Summit is being held in Algeria while the world geopolitical incidents have made changes in the dynamics of global markets of energy. Israel’s war in Gaza, continuation of Houthi attacks to the commercial vessels in the Red Sea and Gulf of Aden led to the route changes of... https://infinitygalaxy.org/report/weekly-oil-report-little-volatilities-of-crude-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/UKOIL_2024-02-24_15-56-59.png Weekly Oil Report: Little Volatilities of Crude Prices On Friday, Brent closed the week at $81.66 and WTI settled around $76.54. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Oil prices stayed rangebound with minor movements. Market was unable to break the resistance and it fell down slightly. Nothing has changed much compared to last week. The sentiment... https://infinitygalaxy.org/report/weekly-bitumen-report-continuation-of-gradual-bitumen-price-increase/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Bitumen-Weekly-Report-22-February-2024.jpg Weekly Bitumen Report: Continuation of Gradual Bitumen Price Increase The US vetoed the Algerian resolution demanding an immediate ceasefire between Qaza-Israel. In the Security Council, the voting was 13 in favor, 1 abstention (the UK) with the US voting against. This is the third time that the US has vetoed the resolution of the Security Council regarding an immediate ceasefire. In the meantime, a... https://infinitygalaxy.org/report/weekly-oil-report-shadow-of-uncertainty-and-mixed-sentiment/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/chart-2-.png Weekly Oil Report: Shadow of Uncertainty and Mixed Sentiment On Friday, Brent closed at $83.22 and WTI settled around $78.16. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent is still trying to surpass the big red candle recorded at the end of January. The movement is not strong but the purchasing power shows no divergence yet. Price is... https://infinitygalaxy.org/report/weekly-bitumen-report-rapid-growth-of-bitumen-price-in-europe-vs-slow-growth-in-asia/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Bitumen-Weekly-Report-16-February-2024.jpg Weekly Bitumen Report: Rapid Growth of Bitumen Price in Europe vs. Slow Growth in Asia At the fourth month of tensions in the Middle East, Israel launched deadly air raids on Lebanon to retaliate the death of one Israeli solider. In the meantime, Russia-Ukraine war entered its third year and there is still no clear future for it. During the last week and by the start of new year holiday... https://infinitygalaxy.org/report/weekly-oil-report-market-sentiment-keeps-changing/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Oil-Price-Chart-12Feb2024.png Weekly Oil Report: Market Sentiment Keeps Changing On Friday, Brent closed at $81.91 and WTI settled around $76.54. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer The weekly chart of Brent shows a fine portion of growth but it’s still beyond last week's engulfing candle. If you check the daily chart, the trend has been upward since... https://infinitygalaxy.org/report/weekly-bitumen-report-continuation-of-slight-surge-in-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Bitumen-Weekly-Report-8-February-2024.jpg Weekly Bitumen Report: Continuation of Slight Surge in Bitumen Price Following the visit of America's foreign minister from the Middle East and negotiations for the ceasefire in Qaza Strip, crude oil prices remained unchanged on February 6. However, on Wednesday, crude oil increased up to the range of 79 USD as a result of Israel's disagreement with the proposal of peace between the 2 parties.... https://infinitygalaxy.org/report/weekly-oil-report-possibility-of-lower-tensions-awakened-bears/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/brent-chart-2-1.png Weekly Oil Report: Possibility of Lower Tensions Awakened Bears On Friday, Brent closed at $77.39 and WTI settled around $72.31. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Once again, uncertainty dumped the bullish sentiment. Right after seeing the highest prices of the last two months, oil suddenly got deep in fundamental confusion. Brent's weekly engulfing candle shows the... https://infinitygalaxy.org/report/weekly-bitumen-report-more-increasing-signals-in-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/02/Bitumen-Weekly-Report-1-February-2024.jpg Weekly Bitumen Report: More Increasing Signals in Bitumen Price Three American soldiers were killed in a drone attack in Jordan and the situation in the Middle East and north of Africa got more complicated. USA decision to compensate this attack raised worries about a wider regional war. As a result, brent crude oil increased up to around 83 US dollars. Ukraine war got thornier... https://infinitygalaxy.org/report/weekly-oil-report-escalating-tensions-turned-sentiment-bullish/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/daily-3.png Weekly Oil Report: Escalating Tensions Turned Sentiment Bullish Crude oil surged to its highest level since December with Brent closed at $83.10 and WTI around $78.12. Click for Special Bitumen Offer Weak movements of Brent finally ended with about 6% growth in the last week of January. On Friday, it broke through the quarterly pivot point while moving inside a thick Ichi cloud.... https://infinitygalaxy.org/report/weekly-bitumen-report-start-of-uptrend-of-iran-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/Bitumen-Weekly-Report-26-Jan-2024.jpg Weekly Bitumen Report: Start of Uptrend of Iran Bitumen? After several weeks of mediation by Qatar and Egypt and with the participation of America for a temporary ceasefire and hostage swap of Hamas and Israel, there has been no progress and there is a high pressure to reach a new agreement and ceasefire. Simultaneously, the crises of the Middle East are getting more complicated... https://infinitygalaxy.org/report/weekly-oil-report-geopolitical-tensions-keep-markets-on-edge/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/chart-weekly.png Weekly Oil Report: Geopolitical Tensions Keep Markets on Edge On Friday, Brent oil closed at $78.65 and WTI settled around $73.39. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer For the 5th consecutive week, Brent struggled with 82 USD per barrel. The strong quarterly pivot point wouldn’t be broken with the current purchasing power unless it has a sudden... https://infinitygalaxy.org/report/weekly-bitumen-report-the-middle-east-unrest-shadows-on-energy-world/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/Bitumen-Weekly-Report-18-January-2024.jpg Weekly Bitumen Report: The Middle East Unrest Shadows on Energy World On the 100th day of Israel- Qaza war, the region witnessed the most severe air strikes. Meanwhile, the Houthi attacked another commercial ship on Tuesday. In response, America launched an attack on some of the Houthi positions in Yemen.Also, on Tuesday, Iran launched missile attacks on some regions of Iraq, Syria, and Pakistan. It is... https://infinitygalaxy.org/report/weekly-oil-report-new-tensions-of-the-middle-east-affecting-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/chart-d-1.png Weekly Oil Report: New Tensions of the Middle East Affecting Crude On Friday, Brent oil closed at $78.35 and WTI settled around $72.74. Watch crude technical analysis and comment your ideas: https://youtu.be/ZT-6AdDG6yg?si=v113YH2lVSws4_pT Click for Special Bitumen Offer Brent failed to pass 82 once again. The sudden rise of the price couldn’t overcome the MA 50 while leaving a long shadow. The sentiment turned extremely bearish at... https://infinitygalaxy.org/report/weekly-bitumen-report-bitumen-price-is-struggling-to-rise/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/Bitumen-Weekly-Report-11-January-2024.jpg Weekly Bitumen Report:  Bitumen Price is Struggling to Rise The United Nations Security Council passed a resolution on Wednesday, demanding the Houthi to immediately stop their attacks on commercial ships in the Red Sea and release Galaxy Leader and its crew who were kidnapped on November 19 by Houthi. Houthi stated that the attacks would be going on its attacks to the Red Sea... https://infinitygalaxy.org/report/weekly-oil-report-re-heated-geopolitical-tensions-slightly-supported-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/chart-daily-1.png Weekly Oil Report: Re-Heated Geopolitical Tensions Slightly Supported the Market On Friday, Brent oil closed at $78.81 and WTI settled around $73.89. Watch crude technical analysis and comment your ideas: https://youtu.be/UdXpbTrr62c?si=1UvjULu1bjBZzmgd Click for Special Bitumen Offer Crude oil is set to close out with a small gain in the first week of 2024. None of the major supports or resistances got violated yet and there... https://infinitygalaxy.org/report/weekly-bitumen-report-hope-for-a-promising-business-year/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/Bitumen-Weekly-Report-2-January-2024.jpg Weekly Bitumen Report: Hope for a Promising Business Year In the first week of January 2024, the largest prisoner swap took place between Ukraine and Russia while approaching the third year of this war. At the same time, the heaviest missile attacks were observed by both parties. Hamas- Israel war is passing its third month and Houthi attacks continue, even the USA coalition did... https://infinitygalaxy.org/report/weekly-oil-report-a-look-at-2023-for-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2024/01/chart2-2.png Weekly Oil Report: A Look At 2023 for Commodities 2023 was not the year of oil. On the last day of the year, Brent oil closed at $77.04 and WTI settled around $71.29. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Brent's highest record was roughly $ 100 and couldn’t even touch 2022’s records. 71 dollars withstand the price... https://infinitygalaxy.org/report/weekly-bitumen-report-2023-ended-with-a-heavy-recession-in-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/Bitumen-Weekly-Report-28-December-2023.jpg Weekly Bitumen Report: 2023 Ended with a Heavy Recession in the Bitumen Market During the last week, the missile attacks of Houthi on commercial ships continued and naval warships of different countries were sent to the Red Sea to guarantee the security of this region. In the meantime, tension among other countries in the Middle East rose too. The mortality rate in Qaza reached over 20K people and... https://infinitygalaxy.org/report/weekly-oil-report-war-risks-threatens-global-trade/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/chart-1.png Weekly Oil Report: War Risks Threatens Global Trade On Friday, Brent oil closed at $78.87 and WTI settled around $73.39. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer The weak movement of crude oil continued to the last week of 2023. Although the price increased to 80 it didn’t get to break the quarterly pivot point. Price is... https://infinitygalaxy.org/report/weekly-bitumen-report-marine-crisis-and-its-effects-on-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/Bitumen-Weekly-Report-22-December-2023.jpg Weekly Bitumen Report: Marine Crisis and its Effects on Crude Oil By the attacks of Houthi of Yemen to the commercial ships in the Red Sea, worries about the rise in crude oil prices have increased. On Friday, 15 December, brent Crude Oil was traded at 75 USD per barrel while it reached over 79 USD on 21 December. As a result of these attacks, four... https://infinitygalaxy.org/report/weekly-oil-report-bullish-sentiment-wears-off/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/chart-2.png Weekly Oil Report: Bullish Sentiment Wears Off On Friday, Brent oil closed at $76.86 and WTI settled around $71.74. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer In mid-December, Brent closed higher after 7 consecutive falling weeks. The movement is slow with no sign of trend change. A strong resistance is awaiting the price on 79 while... https://infinitygalaxy.org/report/weekly-bitumen-report-the-shadow-of-sudden-fall-of-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/Bitumen-Weekly-Report-14-December-2023.jpeg Weekly Bitumen Report: The Shadow of Sudden Fall of Crude Oil Israel- Hamas war that started on 7 October is passing its worst bloody days so that President Biden clearly criticized Israel. However, the situation has not changed in the region yet. On December 12, the Houthi movement of Yemen announced that they had missile attack on Norway-flagged tanker of STRINDA to show their objections to... https://infinitygalaxy.org/report/weekly-oil-report-fears-of-recession-erupts-in-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/UKOIL_2023-12-09_15-40-33-2.png Weekly Oil Report: Fears of Recession Erupts in Commodities On Friday, Brent oil closed at $75.84 and WTI settled around $71.20. Watch crude technical analysis and comment your ideas: https://youtu.be/Mm_OzO6nf48?si=NY2JTQwQa1xn3z_e Click for Special Bitumen Offer Crude oil shocked the market with the 7th consecutive month of falling. While most traders didn’t expect a sharp drop in the first week of December, the fear of... https://infinitygalaxy.org/report/weekly-bitumen-report-heavy-recession-in-the-ending-days-of-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/Bitumen-Weekly-Report-8-December-2023.jpg Weekly Bitumen Report: Heavy Recession in the Ending Days of 2023 Vladimir Putin, Russia’s president, traveled to the United Arab Emirates and Saudi Arabia unexpectedly. It seems that the wars of Ukraine and Qaza, and oil production are the matters that he has plans for negotiations with the leader of UAE. Right now, UAE is hosting the Climate Summit of COP 28 by the United Nations.... https://infinitygalaxy.org/report/weekly-oil-report-complexity-rising-at-the-end-of-2024/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/12/UKOIL_2023-12-03_10-33-08.png Weekly Oil Report: Complexity Rising at the End of 2024 On Friday, Brent oil closed at $79.10 and WTI settled around $74.34.Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer November closed lower and recorded the second falling month of oil. The purchasing power is weak and it is trapped between a quarterly and a monthly pivot. Usually, the market doesn’t... https://infinitygalaxy.org/report/weekly-bitumen-report-the-fundamental-improvement-of-crude-oil-price-and-possibility-of-positive-changes-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/Bitumen-Weekly-Report-1-December-2023.jpg Weekly Bitumen Report: The Fundamental Improvement of Crude Oil Price and Possibility of Positive Changes in the Market The temporary ceasefire between Israel and Hamas started last Friday, and it continued. Both parties released more captives during this time. These fragile conditions did not help the humanitarian crisis and economic situation of the world significantly, but at least the number of daily victims decreased. In the meantime, crude oil prices were raised because... https://infinitygalaxy.org/report/weekly-oil-report-sluggish-movement-of-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/chart-daily.png Weekly Oil Report: Sluggish Movement of Markets On Friday, Brent oil closed at $80.10 and WTI settled around $75.13. Watch crude technical analysis and comment your ideas: https://youtu.be/3FtwTOKt7AI?si=DUFc09yAt726dOb- Click for Special Bitumen Offer Oil ended up falling for the for the 5th consecutive week. Trading activity slowed down because of the US Thanksgiving holidays, leaving the weekly candle with long shadows and... https://infinitygalaxy.org/report/weekly-bitumen-report-continuous-recession-and-confusion/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/Buy-Bitumen-from-Infinity-Galaxy-2.jpg Weekly Bitumen Report: Continuous Recession and Confusion Oil prices experienced a smooth trend until Wednesday, 22 November, before Thanksgiving day and before the start of the OPEC+ meeting. But on Wednesday, the oil price dropped around 4% because of the postponement of the OPEC+ meeting that was supposed to be held on 25 and 26 November. On Wednesday, Bloomberg reported that the... https://infinitygalaxy.org/report/weekly-oil-report-shocks-of-weak-economic-data-in-crude-and-petroleum-products/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/chart-1.png Weekly Oil Report: Shocks of Weak Economic Data in Crude and Petroleum Products On Friday, Brent oil closed at $80.55 and WTI settled around $76.05. Watch crude technical analysis and comment your ideas: https://youtu.be/JsHzYrwXCJU?si=h6csiy-VHpbXBEG4 Click for Special Bitumen Offer Brent, as mentioned in the last episode, pulled back and continued falling. The weak economic data and the decline of US treasury yield suppressed the oil markets on Thursday.... https://infinitygalaxy.org/report/weekly-bitumen-report-recession-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/Bitumen-Weekly-Report-16-November-2023.jpg Weekly Bitumen Report: Recession in the Market While Qaza war is still going on with its numerous human casualties, different markets experience unstable conditions as a result of daily changes in the region. According to Oilprice, crude oil recoded its third weekly drop within this week and caused more worries regarding the reduction of demand and its replacement with the fear of... https://infinitygalaxy.org/report/weekly-oil-report-mixed-sentiments-linger-in-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/Chart2-1.png Weekly Oil Report: Mixed Sentiments Linger in Markets On Friday, Brent oil closed at $81.61 and WTI settled around $77.31. Watch crude technical analysis and comment your ideas: Click for Special Bitumen Offer Bears took over crude oil for the third consecutive week. The market has a mixed sentiment at the moment. Considering the broken resistance, it is possible to see a slight... https://infinitygalaxy.org/report/weekly-bitumen-report-oil-price-orientation-determining-factor-of-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/Bitumen-Report-November-2023.jpg Weekly Bitumen Report: Oil Price Orientation, Determining Factor of Bitumen Market After more than 1 month of war in the Middle East, which led to numerous human casualties for both sides (over 12,000 people), severe consequences of the war were seen in the energy world.By the start of this war, crude oil prices reached over 90 USD, and it was even predicted to see the level... https://infinitygalaxy.org/report/weekly-oil-report-entanglement-of-political-and-economic-factors/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/chart3-1.png Weekly Oil Report: Entanglement of Political and Economic Factors On Friday, Brent oil closed at $85.12 and WTI settled around $80.83. Watch crude technical analysis and comment your ideas: https://youtu.be/IQrS7XA7RHU?si=ckTNqNU3Z5CRSEdy Click for Special Bitumen Offer Another fall in the price is bringing more uncertainties for traders but it hasn’t broken the previous lows yet. This is actually making traders more confused. The weekly candle... https://infinitygalaxy.org/report/weekly-bitumen-report-contraction-and-confusion-in-market-signals/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/11/20231102_203304-1.jpg Weekly Bitumen Report: Contraction and Confusion in Market Signals The financial and oil markets in the world have faced confusion as a result of humanitarian crisis and Middle East war and international attempts to relieve this crisis.On one hand, the World Bank warned that the current crisis can encounter the world with 3 scenarios of "minor disruption", "medium disruption", and "major disruption" and in... https://infinitygalaxy.org/report/weekly-oil-report-unclear-fate-of-tensions-makes-more-uncertainties/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/chart3.png Weekly Oil Report: Unclear Fate of Tensions Makes More Uncertainties On October 27, Brent oil closed at $88.77 and WTI settled around $85.11. Watch crude technical analysis and comment your ideas: https://www.youtube.com/watch?v=I2XdiHpRQU0 Special Bitumen Offer Market sentiment has been shifting daily based on the tensions and news. Traders are deep in confusion. While big financial organizations are talking about 3-digit numbers for oil, it recorded... https://infinitygalaxy.org/report/weekly-bitumen-report-shock-in-irans-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/Bitumen-Weekly-Report-27-October-2023.jpg Weekly Bitumen Report: Shock in Iran’s Market On Wednesday, and after 2 days of decreasing trend of crude oil prices, it did not face any considerable changes as the worries about fall of demand in Europe neutralized the concerns of supply disorders in the Middle East as a result of war between Israel and Hamas in Qaza and crude oil future quotes... https://infinitygalaxy.org/report/weekly-oil-report-prices-rising-under-the-shadow-of-intensifying-war/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/chart2.png Weekly Oil Report: Prices Rising Under the Shadow of Intensifying War On October 20, Brent oil closed at $92.32 and WTI settled around $88.28. Watch crude technical analysis and comment your ideas: Special Bitumen Offer The Middle East geopolitical tensions sent crude oil higher for the second week. The price is above 50 MA and the purchasing power is rising. Brent is reaching a strong resistance... https://infinitygalaxy.org/report/weekly-bitumen-report-continuation-of-tension-in-the-middle-east-and-rally-of-price-increase/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/Weekly-Bitumen-Report-20-October-2023.jpg Weekly Bitumen Report: Continuation of Tension in the Middle East and Rally of Price Increase By the commencement of the war in the Middle East at the end of last week, the global index of Brent crude oil price increased 4.1% on Monday, 16 October in the initial deals of Asia and reached the high level of 88.15$ per barrel. However, the record of 97.69$ on 28 September has not... https://infinitygalaxy.org/report/weekly-oil-report-middle-east-tensions-shaking-the-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/chart1.png Weekly Oil Report: Middle East Tensions Shaking the Markets On October 13, Brent oil closed at $90.90 and WTI settled around $87.68. Both crude benchmarks headed for a gain this week. Watch crude technical analysis and comment your ideas: https://youtu.be/_hc7j5w-wqQ?si=WjgD_fWJ7RSgOqoP Special Bitumen Offer Prices started soaring on Monday due to the Hamas-Israel war. It actually pushed the prices to open with a 2-3 dollar... https://infinitygalaxy.org/report/weekly-bitumen-report-how-might-israel-hamas-war-affect-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/Bitumen-Weekly-Report-13-October-2023.jpg Weekly Bitumen Report: How Might Israel- Hamas War Affect Bitumen Market? On Saturday, 7 October, all the equations and balance of powers in the Middle East were disrupted by the attack of Hamas on Israel. The attacks had serious impacts on the world, not only the region. The first impact was the surge of crude oil prices within the last days as the significant military conflicts... https://infinitygalaxy.org/report/weekly-oil-report-sudden-shocks-bring-more-complexity/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/daily-3.png Weekly Oil Report: Sudden Shocks Bring More Complexity October shocked the market in the 1st week. Crude oil fell by over 8% in the last several days. On Friday, Brent oil closed at $84.37 and WTI settled around $82.74. Watch crude technical analysis and comment your ideas: https://youtu.be/b-mIpyzykPg?si=yIppTHmHM-6yEIb2 Special Bitumen Offer Since March, crude oil didn't have any sharp drop. The selling pressure... https://infinitygalaxy.org/report/weekly-bitumen-report-sudden-direction-change-of-oil-price-and-shock-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/Bitumen-Weekly-Report-5-October-2023.jpg Weekly Bitumen Report: Sudden Direction Change of Oil Price and Shock in the Market After several weeks of observing an uptrend in Brent crude oil prices, it fell below 90 USD, and even OPEC+ emphasis and its 50th meeting on Wednesday which was about the previous agreements to reduce production level could not lead to the recovery of oil prices to above 90 USD. The main reasons for this... https://infinitygalaxy.org/report/weekly-oil-report-positive-sentiment-still-has-the-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/10/UKOIL_2023-10-01_12-32-00-1.png Weekly Oil Report: Positive Sentiment Still Has the Markets On Sep 29, Brent oil closed around $92.07 and WTI settled at $90.71. https://youtu.be/p0vGJYS1_hw?si=_UQktWCX8SU4FUSH Technically, the market expected oil prices to slow down after reaching the 96-dollar resistance. The news about the US rising production and the coming OPEC meeting added up to resistance. On the weekly chart, you can see the price supports at... https://infinitygalaxy.org/report/weekly-bitumen-report-the-simultaneous-rise-of-crude-fuel-and-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Bitumen-Weekly-Report-28-September-2023.jpg Weekly Bitumen Report: The Simultaneous Rise of Crude, Fuel, and Bitumen During last week, Taiwan unveiled its first domestically made submarine to empower its defense milestone against the probable attack of the Chinese army. Most of the supervisors believe that China does not have any plan of immediate attacks on this island and China's government is looking for a peaceful reunion with Taiwan. It is not... https://infinitygalaxy.org/report/weekly-oil-report-renewed-economic-concerns-only-slowed-the-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/chart.png Weekly Oil Report: Rising Trend Continues In Petroleum Products On Sep 22, Brent oil closed around $92.19 and WTI settled at $90.29. Watch crude technical analysis and comment your ideas: Click for Asphalt Offer When the price touched the 38% fib level, traders started profit-taking. This led to a 2% price correction that can continue to 90. The bullish sentiment has not worn off... https://infinitygalaxy.org/report/weekly-bitumen-report-the-continuity-of-oil-price-and-bitumen-price-increase-in-the-global-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Bitumen-Buy-from-Iranian-Supplier.jpg Weekly Bitumen Report: The Continuity of Oil Price and Bitumen Price Increase in the Global Markets During the last week, the Ukrainian generals claimed that they could break the front line of residence in south of Russia and they could recapture 4 gas platforms in the Black Sea.There were some new tensions between Azerbaijan and Armenia about Nagorno-Karabakh Autonomous Oblast.It is not yet clear what can be the economic outcomes of... https://infinitygalaxy.org/report/weekly-oil-report-the-unstoppable-growth-continues/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/daily2.png Weekly Oil Report: The Unstoppable Growth Continues On Sep 15, Brent oil closed at $94.20 and WTI settled around $91.17. Watch crude technical analysis and comment your ideas: Click for Asphalt Offer Crude recorded a 9-month high with a weekly growth of around 5%. These constant gains are making hopes for seeing 100 in 2023. The daily candles are strong and the... https://infinitygalaxy.org/report/weekly-bitumen-report-is-the-rally-of-bitumen-prices-starting-in-the-world/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Bitumen-Weekly-Report-15-Sep-2023.jpg Weekly Bitumen Report: Is the Rally of Bitumen Prices Starting in the World? During the last week, G20 Summit was held by India in New Delhi. In this forum, a statement was issues in the absence of Presidents Putin and Xi Jinping and without direct blame of Russia in Ukraine war. One of the achievements of this forum was the new project of this group in a competition... https://infinitygalaxy.org/report/weekly-oil-report-supply-restrictions-driving-crude-higher/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/month.png Weekly Oil Report: Supply Restrictions Driving Crude Higher On Sep 8, Brent oil closed at $90.39 and WTI settled around $87.18. Watch crude technical analysis and comment your ideas: https://youtu.be/fC0EN8WNvBw?si=aFzCnmCvfkhsdCoy Click for Asphalt Offer Crude oil finally broke through the 10-month resistance shown in blue. It has got to 90 and it may get to 92. On the weekly chart, the price closed... https://infinitygalaxy.org/report/weekly-bitumen-report-the-increasing-signals-got-stronger-in-iran/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/Bitumen-Supplier-in-East-Asia.jpg Weekly Bitumen Report: The Increasing Signals Got Stronger in Iran On 6 September, oil price increased once again in the Asian trades as the markets were worried about shortage in supply by the extension of voluntary production cut of supply by Suadi Arabia and Russia till the end of the year.The price of future crude oil quotes reached 90.18 USD per barrel by an increase... https://infinitygalaxy.org/report/weekly-oil-report-mixed-signals-with-crude-new-high-in-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/09/thumb.jpg Weekly Oil Report: Mixed Signals With Crude New High in 2023 On Sep 1, Brent oil closed at $88.88 and WTI settled around $85.98. Watch crude technical analysis and comment your ideas: https://youtu.be/5raSBX2ZlXU Order Asphalt Now! Crude oil made an effort to exit the sideway channel after a long time. But with the current evidence, it is soon to give up the selling area thoroughly. The... https://infinitygalaxy.org/report/weekly-bitumen-report-empowerment-of-price-increasing-factors/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/Buy-Bitumen.jpg Weekly Bitumen Report: Empowerment of Price Increasing Factors During the last week, drone and missile attacks of Russia and Ukraine were escalated against each other. In the meantime, North Korea simulated the atomic attack to South Korea by firing 2 missiles. In Africa, the coup plotters of Gabon appointed a new leader for their country. Yet, it is not clear how these political... https://infinitygalaxy.org/report/weekly-oil-report-headwinds-coming-towards-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/chart.png Weekly Oil Report: Headwinds Coming Towards Crude On August 25, Brent oil closed at $84.07 and WTI settled around $79.97. Watch crude technical analysis and comment your ideas: https://youtu.be/liytyhsYHh4?si=giYyiU99eLiqFGY7 Order Asphalt Now! Brent gained about 2% on Friday following Powell's Speech after a couple of bearish days. Fed Chair Powell held a hawkish tone at the Jackson Hole Symposium. “The lower monthly... https://infinitygalaxy.org/report/weekly-bitumen-report-global-market-awaits-clues-on-oil-price-trends/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/Bitumen-Supplier-in-the-Malaysia-ad-Indonesia-1.jpg Weekly Bitumen Report: Market Anticipating Oil Price Direction BRICS leaders have reached an agreement to expand the BRICS group by welcoming Iran, Saudi Arabia, the United Arab Emirates, and three other countries. This marks the first expansion of BRICS since South Africa joined in 2010.Narendra Modi, the Prime Minister of India, stated, "I believe that with the entry of these countries, we will... https://infinitygalaxy.org/report/weekly-oil-report-uncertainty-suppressing-bullish-sentiment/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/week.png Weekly Oil Report: Uncertainty Suppressing Bullish Sentiment On August 18, Brent oil closed at $84.79 and WTI settled around $81.36. Check out the technical analysis. https://youtu.be/0IWjbO7EDIA Selling power took over and oil price came down by about 2% during the week. It was not a surprise to see oil losing gains as we mentioned in the last episode. The price is stalling... https://infinitygalaxy.org/report/weekly-bitumen-report-contradictory-signals-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/Bitumen-Supplier-in-the-Middle-East-2.jpg Weekly Bitumen Report: Contradictory Signals in the Market After 7 increasing weeks in the oil price trend, it faced a drop last week as a result of worries about slow improvements in China’s economy and increase of US dollar value. Tina Teng, the analyst of CMC Markets, believes that due to weak improvements in China’s economy, rise in US dollar value, and its... https://infinitygalaxy.org/report/weekly-oil-report-expectations-for-demand-growth-in-2023/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/daily-14-aug.png Weekly Oil Report: Expectations for Demand Growth in 2023 On August 11, Brent oil closed at $86.55 and WTI settled around $83.01. Watch technical analysis: https://youtu.be/wQLqOEG-sbQ The sensitive price area fueled the excitement about bullish sentiments. However, the price couldn’t pass the 23% fib level resistance in daily and monthly timeframes. In the monthly view, the price is also at a historical resistance. It... https://infinitygalaxy.org/report/weekly-bitumen-report-positive-trends-vs-markets-resistance/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/Screenshot_20230810-203151_Gallery.jpg Weekly Bitumen Report: Positive Trends vs. Markets Resistance By the announcement of Saudi Arabia's decision regarding the extension of voluntary production cut, on August 4, the members of monitoring committee of OPEC and non-OPEC agreement suggested not to make any changes in the current plan of supply cut. On the same day, in addition to Saudi Arabia, Russia announced the extension of its... https://infinitygalaxy.org/report/weekly-oil-report-tight-supply-fueling-bullishness/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/7-August-daily.png Weekly Oil Report: Tight Supply Fueling Bullishness On August 4, Brent oil closed at $85.99 and WTI settled around $82.59. Watch technical analysis on your YouTube: https://youtu.be/FOWrAfJywfU On Friday, the oil price couldn’t break 86 despite the sturdy growth in the last few days. The power of the current price level is undeniable but there is an interesting happening in the Ichimoku... https://infinitygalaxy.org/report/weekly-bitumen-report-the-prediction-of-surge-in-crude-oil-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/08/Bitumen-Supplier-in-Malaysia.jpg Weekly Bitumen Report: The Prediction of Surge in Crude Oil Price During the last week, gold demand in the central banks of the world dropped at the same time of heavy supply of Turkey Central Bank for the third frequent trimester. In the quarterly report of World Gold Council, it was announced that the net purchase of World Central Banks reached 103 MT in the second... https://infinitygalaxy.org/report/weekly-oil-report-demand-surge-despite-rising-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/4-h.png Weekly Oil Report: Demand Surge Despite Rising Prices On July 28, Brent oil closed at $84.40 and WTI settled around $80.63. Watch the technical analysis: https://youtu.be/8Snj7PX-uW4 Crude Oil Forecast - 31 July 2023 The bullish sentiment rocketed high due to the tight market and crude surpassed 84 for the first time since April. In fact, oil can leave a strong monthly bullish candle... https://infinitygalaxy.org/report/weekly-bitumen-report-a-promising-market-in-august-and-september/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Buy-Bitumen.jpg Weekly Bitumen Report: A Promising Market in August and September On July 26, the Federal Reserve of USA increased interest rate to its highest level i.e. 0.25% during the last 22 year to control the inflation and it reached the range of 5.25 - 5.5%.Right now, the inflation of America has decreased for 12 frequent months and now, it is about 3% and its interest... https://infinitygalaxy.org/report/weekly-oil-report-purchase-power-stronger-than-expected/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/chart-D.png Weekly Oil Report: Purchase Power Stronger Than Expected Bullish sentiment is growing stronger despite some economic objections against crude oil. On July 21, Brent oil closed at $80.67 and WTI settled around $76.77. Check out the Technical Analysis: Unlike expectations for a moderate fall from the breakout point, the price grew gradually to 80 after reaching halfway of the anticipated reduction. The purchasing... https://infinitygalaxy.org/report/weekly-bitumen-report-will-the-uptrend-of-iran-bitumen-price-continue/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Buy-Bitumen-in-China.jpg Weekly Bitumen Report: Will the Uptrend of Iran Bitumen Price Continue? While there uncertainties between the supply pressures and concerns for the demands in the oil market, the storage of crude oil and petrol decreased in America in the last week.John Ivans, an analyst of PVM institute, believes that a main reason of the emergence of positive outlook in the oil market is the report of... https://infinitygalaxy.org/report/weekly-oil-report-growing-bullish-sentiments/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/daily-2.png Weekly Oil Report: Growing Bullish Sentiments On July 14, Brent oil closed at $79.63 and WTI settled around $75.22. Watch crude technical analysis: Traders were getting pretty sure about the definite growth of crude oil last week when the price turned down a great portion of the rise on Friday. The US economic reports on Thursday implemented the fears and the... https://infinitygalaxy.org/report/weekly-bitumen-report-opposite-expectations-of-importers-and-exporters/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Buy-Bitumen-.jpg Weekly Bitumen Report: Opposite Expectations of Importers and Exporters On July 12, oil price increased in the deals of Wednesday when there were expectations about the fall of demand from the biggest oil exporters in the world as an increasing factor and the worries about global economic weaknesses that lead to the fall in demand.Suvro Sarkar, the energy senior vice president of DBS Bank... https://infinitygalaxy.org/report/weekly-oil-report-sudden-bullishness-took-over/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/daily.png Weekly Oil Report: Sudden Bullishness Took Over On July 7, Brent oil closed at $78.24 and WTI settled around $73.65. Oil left a bullish candle at the end of the week and it is spreading more positive sentiments. The daily candle shows stronger movement compared to the last several tries but still can’t be sure if the price has broken through the... https://infinitygalaxy.org/report/weekly-bitumen-report-the-gradual-uptrend-of-iran-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/Bitumen-Price-in-Iran.jpg Weekly Bitumen Report: The Gradual Uptrend of Iran Bitumen Price After 15 years, Iran officially became a member of the Shanghai Cooperation Organization in the last week. The overall GDP of its members is 23 trillion and 307 billion dollars, which is 24.2% of the global GDP. Besides, the population of its country members is 3 billion and 330 million people, equal to 42% of... https://infinitygalaxy.org/report/weekly-oil-report-june-ends-with-a-growth-after-seven-months-of-consecutive-decline/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/07/chart-week.png Weekly Oil Report: June Ends with a Growth After Seven Months of Consecutive Decline After 7 months of bad luck for oil, June finally closed with 4% of growth. On July 3, Brent oil closed at $75.10 and WTI settled around $70.39. Technically, oil has not recorded any lower low since March 20. The price is making an apex while moving sideways. The purchasing power will probably push the... https://infinitygalaxy.org/report/weekly-bitumen-report-stable-days-in-the-market-continues/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Bitumen-Price-.jpg Weekly Bitumen Report: Stable Days in the Market Continues During the last week, the world observed various incidents whose impacts should be investigated in long-term.The first and most important event was the travel of Mr. Narendra Modi, India’s prime minister, to Washington. The developments in the relation between Iran and UAE, and most probably Bahrain, in the region was another significant happening. The last... https://infinitygalaxy.org/report/weekly-oil-report-fears-of-economic-slowdown-surpassed-supply-difficulties/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/chart-4h.png Weekly Oil Report: Fears of Economic Slowdown Surpassed Supply Difficulties On June 23, Brent oil closed around $74.34 and WTI settled at $69.47. https://youtu.be/hRL-3Oz7wjQ Things got ugly on Thursday for oil, making it to give up all the week’s gains. The daily Friday candle shows a drawback by the market. Zooming in on the timeframe, the price is at a critical point on the 50%... https://infinitygalaxy.org/report/weekly-bitumen-report-markets-stillness/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Bitumen-Weekly-Report-23-June-2023.jpg Weekly Bitumen Report: Market's Stillness The European Central Bank announced the continuation of interest rates in the Euro area while 1 day before it, the US Federal Reserve stopped the uptrend of interest rates for the first time since March 2022. Thus, the base interest rate in the Euro area reached 3.5% which is the highest rate in the last... https://infinitygalaxy.org/report/weekly-oil-report-back-and-forth-motion-continues-in-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Oil-Chart-19-June-2023.png Weekly Oil Report: Back and Forth Motion Continues in Crude Prices got stimulated by the positive data of Chinese refineries. But the market is still stagnated by fear and uncertainty. On June 16, Brent oil closed around $76.26 and WTI settled at $71.60. https://youtu.be/xUlLLxv7Oso Watch Technical Analysis of Crude Oil + Bitumen News The price was down and then up in the sideways channel to... https://infinitygalaxy.org/report/weekly-bitumen-report-the-consolidation-of-interest-rate-in-the-usa-and-its-effects-on-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Bitumen-Supplier-in-Kenya.jpg Weekly Bitumen Report: The Consolidation of Interest Rate in the USA and its Effects on Market  While the Federal Reserve of the USA was constantly increasing the interest rate during the last year, on Wednesday 14 June and in their latest meeting, they announced that there would not be any increase in their interest rate. To control inflation, the bank increased its interest rates 10 times since March 2022.  In the... https://infinitygalaxy.org/report/weekly-oil-report-quiet-global-market-vs-irans-increasing-possibility/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/june-12.png Weekly Oil Report: Quiet Global Market vs Iran’s Increasing Possibility The slight stability of crude helped to make petrochemical prices more attractive for traders. On June 9, Brent oil closed around $74.94 and WTI settled above $70.29. The price moved in the expected range and it didn’t have any noticeable change. Obviously, Brent couldn’t break through 78 even on the third attempt. The weakness is... https://infinitygalaxy.org/report/weekly-bitumen-report-ambiguous-conditions-in-the-market-despite-the-demand-to-buy/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/20230608_115010-1.jpg Weekly Bitumen Report: Ambiguous Conditions in the Market despite the Demand to Buy Despite Saudi Arabia's voluntary announcement of reducing oil production at the latest OPEC+ meeting, oil prices failed to rise again and Brent crude remained in the range of 72 to 76 dollars. Wednesday, new reports were released indicating that the United States intends to increase crude oil production. The US Energy Information Administration (EIA) predicts... https://infinitygalaxy.org/report/weekly-oil-report-will-cuts-push-the-market-once-more/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Weekly-Oil-Report-5-June-2023.jpg Weekly Oil Report: Will Cuts Push the Market Once More? Note: Happy environment day! Earth is the only known planet to support life so be more kind to it. Try to take care of your home by restricting pollution. Jumbo Bags are one of those options to consider. Contact us for more information.  On June 2, Brent oil closed around $76.20 and WTI settled above... https://infinitygalaxy.org/report/weekly-bitumen-report-the-fundamental-persistence-against-uptrend-signals-of-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/06/Buy-Bitumen-from-Iran-in-Asia.jpg Weekly Bitumen Report: The Fundamental Persistence against Uptrend Signals of Market During the last week, the price of crude oil dropped significantly because of concerns about the lack of agreement on the debt ceiling in America. However, on June 1, it faced a slight increase by the release of news about the agreement between the two parties of America on the increase of debit ceiling. According... https://infinitygalaxy.org/report/weekly-oil-report-markets-on-edge-with-demand-and-supply-incoherent-news/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/Chart-2.png Weekly Oil Report: Markets on Edge with Demand and Supply Incoherent News Supply is not as tight as was expected on the first of May. Reports are keeping people uncertain towards the oil movement. On May 26, Brent oil closed around $77.16 and WTI settled above $72.83. https://youtu.be/jmtXfIWhOxk Stalling at the blue resistance shows the uncertainty of traders. On the 1h chart, the sideways movement is approving... https://infinitygalaxy.org/report/weekly-bitumen-report-low-demands-of-india-and-best-prices-of-iran/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/20230525_214033-2.jpg Weekly Bitumen Report: Low Demands of India and Best Prices of Iran The release of news about the decline in oil and fuel reserves of America and the warning from Saudi Arabia's minister of energy led to a slight increase in crude oil prices but Brent oil could not exceed the level of 80 USD.In the latest Qatar economic forum, the speeches of the heads of Qatar... https://infinitygalaxy.org/report/weekly-oil-report-up-or-down-all-things-are-vague/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/chart-2-May-22.png Weekly Oil Report: Up or Down, All Things Are Vague Market participants are still in a dilemma with the oil direction. Petroleum product traders have the same anxiety in several regions. On May 19, Brent oil closed around $75.84 and WTI settled above $71.83. https://youtu.be/1UNQsn4wuOU As you can observe on the daily chart, Brent's downtrend is not over. Though, we can see a moderate weakness... https://infinitygalaxy.org/report/weekly-bitumen-report-market-recession-and-contradictory-opinions-about-future/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/Bitumen-Supplier-in-Iran-1.jpg Weekly Bitumen Report: Market Recession and Contradictory Opinions about Future The inflation in the United States is decreasing and Federal Reserve might stop the increase of interest rate within the next month. Hence, US dollar value should follow a downtrend. Still, some of the analysts believe that some factors will affect the 2% improvement of USD index against other currencies. One of these factors is... https://infinitygalaxy.org/report/weekly-oil-report-mixed-concerns-of-demand-and-supply/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/Chart-15-may-2.png Weekly Oil Report: Mixed Concerns of Demand and Supply Another shock by crude drove all petroleum products lower. On May 12, Brent oil closed around $74.17 and WTI settled above $70.03. https://www.youtube.com/watch?v=So60GnWW290 Mixed sentiments of the market finally weighed on the negative side and broke through 75. The next support of the price is around 71 which it had even touched before. The fall... https://infinitygalaxy.org/report/weekly-bitumen-report-short-term-confusion-and-long-term-optimism/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/Buy-bitumen.jpg Weekly Bitumen Report: Short-term Confusion and Long Term Optimism During the last week, Syria returned Arab Union after 12 years. This might lead to the end of one of the most important tensions in the Middle East and North Africa. Whether this return leads to more political and economic peace and stability in the Middle East should be concluded by the passage of time.... https://infinitygalaxy.org/report/weekly-oil-report-sudden-rush-of-fear-in-oil-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/chart-oil-8-May.png Weekly Oil Report: Sudden Rush of Fear in Oil Markets Crude oil shocked the market with the third falling week and getting below 80 dollars. Affected by oil, petroleum products had hectic days. On May 5, Brent oil closed around $75.27 and WTI settled above $71.29. Watch the technical analysis on our YouTube Channel: https://youtu.be/wCd45uT2aYQ Although Brent fell to 71.40 on Friday, it didn’t make... https://infinitygalaxy.org/report/weekly-bitumen-report-the-oil-shock-in-petrochemicals-and-bright-prediction-of-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/Bitumen-Supplier.jpg Weekly Bitumen Report: The Oil Shock in Petrochemicals and Bright Prediction of the Market During the last week, Russia was at the center of attention; some of the most significant events were the Kremlin drone attack, the broadcast of a documentary in Europe Union about the involvement of Russia's vessels in the explosion of underwater pipelines of Nord Stream in the last September, and Reuter’s report about the suspension... https://infinitygalaxy.org/report/weekly-oil-report-is-the-price-exhausted-to-go-higher/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/05/oil-1-May.png Weekly Oil Report: Is the Price Exhausted to Go Higher? Crude oil set for the 6th month of consecutive fall. The drop happened despite all the concerns about tight supply and demand improvement. On April 28, Brent oil closed around $80.25 and WTI settled above $76.61. The strong resistance at $87 is holding on since November 2022 and the price doesn’t seem to have enough... https://infinitygalaxy.org/report/weekly-bitumen-report-crude-oil-price-led-to-market-fragility/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Iran-Bitumen-.jpg Weekly Bitumen Report: Crude Oil Price Led to Market Fragility On 25 April, Joe Biden announced his candidacy for the presidential election of 2024 in the USA. It is not still clear who would be known as his serious competitor in the Republican Party. Based on the latest survey of Reuter, Biden's current popularity is about 39%. It seems that changes in the financial markets... https://infinitygalaxy.org/report/weekly-oil-report-tighter-supply-couldnt-pass-through-90/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/April-24.png Weekly Oil Report: Tighter Supply Couldn’t Surpass 90 On April 21, Brent oil closed around $81.35 and WTI settled above $77.91. As mentioned in last week’s oil report, the strong resistance finally turned down the price by 5.83%. The sharp bullish sentiment is now fading gradually, though, it is not over. There are some words in the market on 100 or 200 crude... https://infinitygalaxy.org/report/weekly-bitumen-report-temporary-pause-of-the-market-caused-by-holidays/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Bitumen-Weekly-Report-21-April-2023.jpg Weekly Bitumen Report: Temporary Pause of the Market Caused by Holidays In the latest report of Bloomberg, the level of possible recession among 20 major economic powers of the world in 2023 was estimated. Based on the report, the possibility of a recession in some of the countries is as follows: United Kingdom 75%, United States 65%, China 12.5%, and India almost zero.In this report, at... https://infinitygalaxy.org/report/weekly-oil-report-bullish-sentiment-takes-control/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/oil-April-17.png Weekly Oil Report: Bullish Sentiment Takes Control Despite all the uncertainty, bullish sentiment could take over the market and push the prices higher. On April 14, Brent oil closed around $86.39 and WTI settled above $82.64. Technically, crude oil is struggling with strong historical resistance. As it is shown on the chart, this region pushed back the price two times. Currently, the... https://infinitygalaxy.org/report/weekly-bitumen-report-unclear-economic-status-the-leader-of-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Bitumen-Report-April-2023.jpg Weekly Bitumen Report: Unclear Economic Status, The Leader of Market Since the bankruptcy of three American banks, the brent price reached its highest level while the OPEC decision made on 2 April for 1.66-million-barrel cut and new economic data received from China show more support of the brent price increase. China economic data shows that in March 2023, the inflation speed reached the lowest rate... https://infinitygalaxy.org/report/weekly-lubricant-report-recycled-base-oil-prices-react-to-shifting-economic-conditions/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Base-Oil-Report-April-2023.jpeg Weekly Lubricant Report: Recycled Base Oil Prices React to Shifting Economic Conditions After OPEC reduced 1.6 million barrels of oil and increased the price of Brent oil to $80, the price is still at the channel $80. It has recorded its increase of 13 dollars for the last two days. Despite the concerns of the reoccurrence of economic recession similar to 2008, yesterday one of the managers of... https://infinitygalaxy.org/report/weekly-oil-report-market-tightly-trapped-between-fears-and-hopes/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/April-10-Oil-1.png Weekly Oil Report: Market Tightly Trapped Between Fears and Hopes While crude oil succeeded to have a huge price gap to get above $80 during the past days, it moved weakly afterwards. On April 6, Brent oil closed around $84.73 and WTI settled above $80.42. Price is clearly trapped in the current zone, not knowing where to be heading as the traders are very indecisive... https://infinitygalaxy.org/report/weekly-bitumen-report-time-is-needed-for-a-clear-direction/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/Bitumen-Supplier-in-the-Middle-East.jpg Weekly Bitumen Report: Time is Needed for a Clear Direction  407 days after Russia's war against Ukraine, it seems that France and some other countries of the European Union started attempts to abolish the war. In the meantime, Macron, the president of France travelled to China. Still, there is not any clear prediction of the economic effects of the probable peace.  On April 2, the... https://infinitygalaxy.org/report/weekly-lubricant-report-all-markets-tend-to-rise-along-crude-cut/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/lube-April-5.jpg Weekly Lubricant Report: All Markets Tend to Rise Along Crude Cut Market participants become hopeful about the supply and demand of 2023 by the new voluntary cut of OPEC. The cartel admitted to being ready to continue the cuts for March and after as well since they want to avoid any surplus in the markets. This action has its own opposition including the USA which finds... https://infinitygalaxy.org/report/weekly-oil-report-back-above-80-by-the-opec-supply-cut/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/04/oil-Apr-3.png Weekly Oil Report: Back Above $80 By the OPEC Supply Cut OPEC stimulated the market by continuing the cuts for April. But is it going to last? Brent oil closed around $79.73 and WTI settled above $75.65 on March 31. The oil price could get closer to the psychological resistance zone at $ 80 since Thursday. On Monday, the price opened by a nearly 5% gap... https://infinitygalaxy.org/report/weekly-bitumen-report-the-uptrend-of-iran-is-going-on/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Bitumen-Weekly-Report-2023-03-31.jpg Weekly Bitumen Report: The Uptrend of Iran is Going on During the last week, oil price increased around 4.35% by the release of news about the partial improvements in China’s economy and the stop of export of Kurdistan’s oil in Iraq, it reached around 78 USD but it did not exceed 79 USD and there is still a strong resistance for more increase of oil... https://infinitygalaxy.org/report/market-factors-in-conflict-amid-contradictory-news/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Recycled-Base-Oil-Report.jpg Weekly Lubricant Report: Market Factors in Conflict Amid Contradictory News Due to the release of positive news about China's economic situation and the cessation of Iraq's oil exports; Brent oil prices rose to around $79, but there is still a lot of resistance to higher oil prices. The risk of recession and economic crisis in the world and recession is a big factor for the... https://infinitygalaxy.org/report/weekly-oil-report-the-struggle-is-not-over/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Oil-March27.png Weekly Oil Report: The Struggle Is Not Over Crude oil continued the weak movement after a slight comeback to an expected price level because of incentives from the Federal Reserve. Brent oil closed around $74.49 and WTI settled above $69.19 on March 24. Oil price moved a bit upward as was expected in the technical review of the chart. The price is now... https://infinitygalaxy.org/report/weekly-bitumen-report-shadows-of-another-financial-crisis-on-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Bitumen-Supplier-2.jpg Weekly Bitumen Report: Shadows of Another Financial Crisis on the Market Xi Jinping's travel to Russia increased the possibility of peace mediation between Russia and Ukraine. Formerly, China had mediated between Iran and Saudi Arabia to restart their relations. Still, it is not clear whether these negotiations will lead to peace or not. In the meantime, the continuation of the financial crisis in the USA led... https://infinitygalaxy.org/report/rans-recycled-base-oil-market-during-oil-market-volatility-and-banking-crisis/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Recycled-base-oil-price.jpg Iran's Recycled Base Oil Market during Oil Market Volatility and Banking Crisis After the news of the bankruptcy of three banks and the possibility of this situation spreading to other banks, and the anxiety that has arisen in the second consecutive week, the price of oil is fluctuating between $70 to $75, with the lowest recorded price being $71. On Monday, March 20th, fuel in Singapore experienced... https://infinitygalaxy.org/report/weekly-oil-report-brent-falls-by-the-rising-fears-of-a-financial-crisis/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Crude-oil.png Weekly Oil Report: Brent Falls by the Rising Fears of a Financial Crisis Brent dropped by over 12% during the second week of March. The sudden fear of recession and a chaotic economic condition induced the fear leading to a quick reaction from traders. Technically, the falling pattern is not over but considering the lower selling pressure at this price, we might have a correction during the coming... https://infinitygalaxy.org/report/weekly-bitumen-report-the-major-international-incidents-and-their-severe-effects-on-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Infinity-Galaxy-Bitumen.jpg Weekly Bitumen Report: The Major International Incidents and their Severe Effects on the Market Important political events affected commodity markets, including bitumen within the last week, and it can be said that fundamental factors overcame technical ones. On Friday, 10 March, it was announced that Iran and Saudi Arabia, two powers of the Persian Gulf, agreed to restart their political relations; it came true through the mediation of China.... https://infinitygalaxy.org/report/impact-of-economic-turmoil-on-lubricant-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Recycled-base-oil-price.jpg Weekly Lubricants Report: Impact of Economic Turmoil on Lubricant Market Last week, the price of Brent crude oil reached around $78. The bankruptcy of SVB bank in America, followed by news of the bankruptcy of two other banks in the US, has caused fears of a repeat of the 2008 global financial crisis. As a result, oil prices have decreased and reached around $78. These... https://infinitygalaxy.org/report/weekly-oil-report-confusion-in-market-direction/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Oil-Price-Chart-13March2023.jpg Weekly Oil Report: Confusion in Market Direction The sudden jump of the crude to $ 85 in the first week of the market made many hopeful about a certain rise of oil to 100. Yet, the price sloped down to the former price channel again and proved the jump to be fake. On the daily chart of Brent, you can see that... https://infinitygalaxy.org/report/weekly-bitumen-report-the-wave-of-market-is-opposite-to-the-buyers-expectations/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Buy-Iran-Bitumen-.jpg Weekly Bitumen Report: The Wave of Market is Opposite to the Buyer’s Expectations One year after Russia’s war against Ukraine, the authorities of Ukraine state that Russia started a new chain of missile attacks throughout Ukraine and buildings and infrastructures of Kharkiv and Odessa. Hence, it seems that the world is getting ready for a longer war. At the same time, China’s foreign minister declared that “US China... https://infinitygalaxy.org/report/weekly-lubricant-report-geopolitical-tensions-and-commodity-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Iran-Recylced-Base-Oil.jpg Weekly Lubricant Report: Geopolitical Tensions and Commodity Prices The price of Brent oil has remained in the range of 80 to 90 dollars. In the past month, we have once again said that the danger of a new cold war between the United States and China has increased, and the Chinese Foreign Minister has again warned about it. On the other hand, the... https://infinitygalaxy.org/report/weekly-crude-oil-the-growth-of-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/crude-6March-2023-.jpg Weekly Crude Oil: The Growth of Crude Oil During the last week, brent did not break the resistance of 80 USD and did not fall below it. At the same time, Emirates disproved the matter of exit from OPEC and it led to the upward technical trend of oil in the markets. However, in this upward path, some minor resistances were observed that... https://infinitygalaxy.org/report/weekly-bitumen-report-the-uptrend-of-irans-market-unlike-the-buyers-expectations/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Bitumen-Price-in-Iran-.jpg Weekly Bitumen Report: The Uptrend of Iran's Market Unlike the Buyers' Expectations On the 373rd day of Russia's war against Ukraine, Russia claimed that they crashed a Ukrainian drone near the Moscow region. This was the first drone attack of Ukraine against Russia. More time is needed to see whether there will be any changes in the war plan. At the same time, FATF which is the... https://infinitygalaxy.org/report/weekly-lubricant-report-rising-exports-of-lubricants/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/03/Base-Oil-5.jpg Weekly Lubricant Report: Rising exports of lubricants Crude oil prices remained around $82- $83, failed to break the resistance and remained in the same range. There have been no particular economic events in the market during the last week, but only in Iran due to the high inflation, the exchange rate condition of the dollar against the rial and reaching the all... https://infinitygalaxy.org/report/weekly-oil-report-complex-condition-of-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/27Feb2023-Crude-Oil-Report-1-1.jpg Weekly Oil Report: Complex Condition of Markets Another plunge of oil by reports on the rebuild of inventories and a hectic market in the Middle East. Brent closed at 82.81 and WTI settled at 76.42 on Friday, Feb 24. https://www.youtube.com/watch?v=fGuSIXBjT_c Crude oil ended Friday close to the end of last week. The price is forming a tense area as it gets closer... https://infinitygalaxy.org/report/weekly-bitumen-report-market-instabilities-by-the-end-of-year-in-iran/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/23Feb2023-Report-.jpg Weekly Bitumen Report: Market Instabilities by the End of Year in Iran On the first anniversary of Russia's war against Ukraine, President Biden had a highly secretive and secure travel to Ukraine. This visit and the wide support of Europe from Russia at the Munich Security Conference show the power of the West Party against Russia. At the same time, Russia withdrew from the nuclear treaty unilaterally... https://infinitygalaxy.org/report/weekly-lubricant-report-inflation-halts-price-decrease-despite-market-fluctuations/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Base-Oil-3-1.jpg Weekly Lubricant Report: Inflation Halts Price Decrease Despite Market Fluctuations On Monday, crude oil opened around 85 dollars, and two scenarios of an increase up to 90 dollars and a decrease of 82-84 dollars have been imagined so far. Singapore's fuel condition has improved since Monday. Biden's visit to Ukraine on the eve of the one-year anniversary of the Ukraine war demonstrates the full support... https://infinitygalaxy.org/report/weekly-oil-report-all-waiting-for-more-certainty/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/chart-Feb-20-.png Weekly Oil Report: All Waiting for More Certainty This week, oil dropped by about 4% as dollar and US inventory climbed but petroleum products did not retreat as crude. Brent closed at 82.97 and WTI settled at 76.55 on Friday, Feb 17. https://www.youtube.com/watch?v=lf_U6Bb-lok The third drive of the price is slower than the last two drives. This time the price could not even... https://infinitygalaxy.org/report/weekly-bitumen-report-the-uncertain-market-directions/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Bitumen-Reportjpg.jpg Weekly Bitumen Report: The Uncertain Market Directions As Russia's war against Ukraine gets one year old, around 1/4 of the Ukraine population seeks help. However, Russia announced a production cut of 500K barrels from 1 March in a one-sided decision. It is still unclear if this decision can lead to a surge in oil prices or whether this strategy might fail, like... https://infinitygalaxy.org/report/weekly-lubricant-report-feedstock-shortage-drove-the-lubricant-price-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Recycled-base-oil-price.jpg Weekly Lubricant Report: Feedstock Shortage Drove the Lubricant Price Growth During the last week, the price of crude oil reached nearly $85 and the possibility of its increase up to the range of $90 can be seen. Although Russia announced that it is going to cut production by 500,000 BPD, this news could not have a serious positive impact on crude oil prices, and it... https://infinitygalaxy.org/report/weekly-oil-report-weak-movements-of-crude-and-metals/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/chart-Jan-13.png Weekly Oil Report: Weak Movements of Crude and Metals The world is still confused about the economic direction and it is clearly reflected in Oil and petroleum products. Brent oil closed at $86.43 and WTI settled at $79.74 on Feb 10. https://youtu.be/WueC6yO24e0 The price has been moving exactly as anticipated in the last video. Brent could not break through the lower resistance and it... https://infinitygalaxy.org/report/weekly-bitumen-report-the-upward-trend-of-price-under-the-effect-of-global-market-improvements/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Iran-Bitumen-Price-.jpg Weekly Bitumen Report: The Upward Trend of Price under the Effect of Global Market Improvements The last week earthquake in northwest of Iran and then in Turkey and Syria led to the death of more than 15,000 that is expected to increase further. At the same time, it caused the closure of several ports in Turkey and had a significant impact on energy trends and increase of oil prices. At... https://infinitygalaxy.org/report/weekly-lubricant-report-expected-asia-market-price-increase-in-the-upcoming-fortnight/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Recycled-Base-oil-.jpeg Weekly Lubricant Report: Expected Asia Market Price Increase in the Upcoming Fortnight The price of Brent crude oil has reached above 83 dollars after several weeks and is likely to increase further. A major earthquake hitting southeast Turkey has caused operations at Iskenderun port to shut down and docks collapsed at this port. Currently, no ships can dock at Iskenderun for unloading, and several vessels have been... https://infinitygalaxy.org/report/weekly-oil-report-slope-of-oil-after-new-job-data/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/chart-6-Feb-1200x755-1.png Weekly Oil Report: Slope of Oil After New Job Data Pressure on crude knocked the price down by 7 percent. Singapore fuel was volatile as oil but bitumen stayed almost steady. Brent closed at 79.73 and WTI settled at 73.18 on Friday, Feb 3. https://youtu.be/YkLRwWjbmR0 Price partially broke through the yellow resistance on Friday. There is still a possibility for a third drive to the... https://infinitygalaxy.org/report/weekly-bitumen-report-hopes-for-a-more-promising-market-in-february/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Bitumen-price-today-2.jpg Weekly Bitumen Report: Hopes for A More Promising Market in February On the verge of the one-year war between Russia and Ukraine, Russia is planning a major offensive. Ukraine's Minister of Defence states that Russia is preparing a force of around 500K conscripted soldiers to mark the first anniversary on 24 February. In addition to the wide life losses, this incident might lead to a surge... https://infinitygalaxy.org/report/weekly-lubricant-report-market-under-the-severe-cold-in-iran/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/02/Buy-base-oil.jpg Weekly Lubricant Report: Market under the Severe Cold in Iran In the last days of January 2023, as stated in the Infinity Galaxy crude oil analysis on Monday, oil tried twice to cross the $88 and reach $90, but it was unsuccessful both times and it has returned to the bottom. Finally, it stopped in the range of $85-$86. It seems that the recession predicted... https://infinitygalaxy.org/report/weekly-oil-report-feeble-positive-signals-in-petroleum-products/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/crude-oil-Jan-30-567x675-1.jpg Weekly Oil Report: Feeble Positive Signals in Petroleum Products As oil stays in the expected range, bitumen and petrochemicals look to be ready for new growth. Brent closed at 86.05 and WTI settled at 79.36 on Friday, Jan 27. https://youtu.be/24b6Guk8mfI The yellow resistance has been precisely touched several times and it is moving in the defined area of the chart. In the 4h chart,... https://infinitygalaxy.org/report/weekly-bitumen-report-conflicting-signals-in-the-global-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/Infinity-Galaxy-Bitumen-Price-1200x633-1.webp Weekly Bitumen Report: Conflicting Signals in the Global Bitumen Market During the last week, the Brent crude oil price could not cross the $90 again, and the highest price it recorded was around $88. The reason is mainly the resistance created by the oil price of 90 dollars, which is due to the forecast of further economic recession in 2023 and the concern of the... https://infinitygalaxy.org/report/weekly-lubricant-report-erratic-base-oil-prices-in-the-middle-east/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/Recycled-Base-Oil-3-506x675-1.jpg Weekly Lubricant Report: Erratic Base Oil Prices in the Middle East With the beginning of the Chinese New Year in East Asia (Lunar New Year), orders from East Asia stopped. During the last week, despite the market's expectation of an increase in crude oil prices, it could not cross the $87. As reported on Monday in the Infinity Galaxy oil report, a strong resistance has been... https://infinitygalaxy.org/report/weekly-oil-report-crude-rises-as-chinas-demand-climbs/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/crude-oil-Jan-23-567x675-1.jpg Weekly Oil Report: Crude Rises as China’s Demand Climbs The moderate recovery of China led to a light growth of crude and Bitumen market became hopeful for more increase. Brent oil closed at $87.58 and WTI settled at $81.66 on Jan 20. https://youtu.be/LyJilZe4QdI Oil price is at a critical point as it is shown on the daily chart. Two long-term trend line has collided... https://infinitygalaxy.org/report/weekly-bitumen-report-the-increase-in-singapore-and-iran-bitumen-prices-after-the-decrease-in-india/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/Bitumen-price-4-1-1200x675-1.jpg Weekly Bitumen Report: The Increase in Singapore and Iran Bitumen Prices after the Decrease in India During the last week and by the announcement of a reduction in the monthly inflation rate of the USA, Brent crude oil reached around 87 USD after falling in 6 continuous weeks but that strong resistance did not break and it reached back to the level of 85 USD. Although China shows an increase in... https://infinitygalaxy.org/report/weekly-lubricant-report-unstable-but-dynamic-lubricant-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2023/01/container-shipments-1200x801-1.jpg Weekly Lubricant Report: Unstable but Dynamic Lubricant Market Due to the imposition of European sanctions on Russian crude oil and the cancellation of the policy of reducing the number of corona cases to zero in China, global crude oil markets are facing an unstable outlook. The cold in the Northern Hemisphere, especially in the Middle East, has increased production costs, and many production... https://infinitygalaxy.org/report/weekly-lubricant-report-absence-of-a-clear-trend-in-lubricant-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/recycle-15Sep-scaled-1.jpg Weekly Lubricant Report: Absence of a Clear Trend in Lubricant Market Today we have the 100th weekly lubricant market report. We are happy that you were with us for 100 weeks. As mentioned in last week's reports, the price of Brent crude oil could not break the price limit of 85 dollars and reach higher than this price. But, in the current situation, the price is... https://infinitygalaxy.org/report/weekly-lubricant-report-the-market-is-waiting-to-move-forward-after-the-new-year-holidays/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/IMG_7868-1.jpg Weekly Lubricant Report: The Market is Waiting to Move Forward after the New Year Holidays World economies did not experience significant events in the first week of January 2023, and the major energy markets remained closed for almost four days. Brent oil prices closed at 85 dollars at the end of 2022 and reached 82 dollars in 2023. There are two main possibilities in the market: Increase in Corona ,... https://infinitygalaxy.org/report/weekly-bitumen-report-last-week-of-2022-and-the-various-signals-of-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/Weekly-Bitumen-Reprot-Bitumen-News.jpg Weekly Bitumen Report: Last Week of 2022 and the Various Signals of the Market On the 302nd day of Russia's war against Ukraine, Volodymyr Oleksandrovych Zelenskyy travelled across America. This was his first abroad trip after the start of the war. It is still soon to talk about the outcomes of this visit on the war, but generally, analysts do not expect the war to finish earlier than the... https://infinitygalaxy.org/report/weekly-lubricant-report-recycled-and-base-oil-are-affected-by-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/photo_5841590349800258894_y-1.jpg Weekly Lubricant Report: Recycled and Base Oil are Affected by Crude The Fed is slowing the pace of increasing the interest rates by 0.25 points. This can be a sign that the Fed believes the inflation is a bit tamed. The ECB and UK also increased the interest rates last week causing crude oil to fall on Thursday and Friday. From Monday, December 19 to today,... https://infinitygalaxy.org/report/weekly-oil-report-the-new-struggle-up-or-down/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/crude-oil-Dec19.jpg Weekly Oil Report: The New Struggle, UP or Down? Traders have been hesitant to buy crude oil. Meanwhile, the bitumen market was alive in the Middle East. Brent closed at $79.16 and WTI settled at $74.47 on Friday, 16 Dec. https://youtu.be/w4MVwSNNKng As shown in the last week’s chart, the wedge is still valid. The price is near the bottom line and it shows a... https://infinitygalaxy.org/report/weekly-bitumen-report-the-attractions-of-iran-prime-bitumen-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/Bitumen-Report-2.jpg Weekly Bitumen Report: The Attractions of Iran Prime Bitumen Prices with the Current Crude Oil Level Despite the implementation of price cap on Russia’s oil, crude oil price reached its lowest level in 2022. Some of the market analysts believe that such fall in prices can be attributed to selling Russia’s oil to VIP customers in a range of 40-50 USD. However, the outcomes of Xi Jinping’s travel to Saudi Arabia... https://infinitygalaxy.org/report/weekly-lubricant-report-lubricant-products-demand-reduction/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/RC-Report.jpg Weekly Lubricant Report: Lubricant Products Demand Reduction While the 10th month of Russia's war against Ukraine is passing, the new statements of Ukrainian President Zelensky indicate that this war will probably last more than a year and will probably continue in 2023. What conditions this situation and Russia's actions will determine for the global economy is not yet clear. However, after Russian... https://infinitygalaxy.org/report/weekly-oil-report-sudden-fall-of-oil-and-more-uncertainties/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/crude-oil-2022-12-dec.jpg Weekly Oil Report: Sudden Fall of Oil and More Uncertainties Petrochemicals and fuel fell further along with oil. Crude got to its lowest price in 2022. Brent closed at $76.63 and WTI settled at $71.47 on Friday, 9 Dec. https://youtu.be/yo54XePTpvY The market was determined about the fall despite suitable fundamentals for growth. Price is currently in a delicate region. As you can see in the... https://infinitygalaxy.org/report/weekly-bitumen-report-how-did-the-market-get-confused/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/17june.jpg Weekly Bitumen Report: How Did the Market Get Confused? After 288 days of Russia’s war against Ukraine, G7 Group announced its final decision about Russia’s price cap on 5 December. Based on this decision, the price cap of Russia’s oil was determined USD 60. According to the estimations of some authentic experts and analysts such as Standard Chartered believe that the price cap cannot... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-re-uncertainty-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/SN.jpg Weekly Lubricant & Chemical Report: New Wave of Uncertainty in the Market After releasing new data on the US service sector and increasing concerns about the contractionary policies of the US central bank, the price of oil reached its lowest level in the past year. Crude experienced a noticeable decrease on Tuesday and Wednesday and Brent got below 80. On the other hand, the increase in Venezuela's... https://infinitygalaxy.org/report/weekly-oil-report-fear-rising-by-tensions-in-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/5Dec.jpg Weekly Oil Report: Fear Rising by Tensions in Markets   A bit of growth in crude oil could not fade the fear in the market. Fuel and bitumen were almost downward. Brent closed at $85.90 and WTI settled at $80.21 on Friday, 2 Dec.   [embed]https://youtu.be/acGbUjdJYL8[/embed] Crude oil, as expected last week, had a slight comeback after a moderately sharp fall. The price movement... https://infinitygalaxy.org/report/weekly-bitumen-report-the-market-under-the-influence-of-covid-outbreak-in-china/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/12/Bitumen-Report.jpg Weekly Bitumen Report: The Market Under the Influence of COVID Outbreak in China During the last week, the world of economy was following the outbreak of COVID in China worryingly. By the announcement of new cases in China and more new restrictions in the 7 cities of China, there were objections to the zero COVID policy. This wave of objections and the outbreak of the virus led crude... https://infinitygalaxy.org/report/weekly-oil-report-conflict-of-market-directions-in-crude-and-petroleum-products/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/crude-oil-28Nov.jpg Weekly Oil Report: Conflict of Market Directions in Crude and Petroleum Products Crude oil had another sharp decline but bitumen stayed confused with the trend. Brent closed at $83.79 and WTI settled at $76.53 on Friday, 25 Nov. Watch the technical analysis of WTI: https://youtu.be/0QtVweQMQ2w The third week ended for oil with a sharper fall. The downward momentum is strong and we can expect lower prices in... https://infinitygalaxy.org/report/weekly-bitumen-report-market-confusion-after-the-3-75-fall-in-crude-oil-price-on-wednesday/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Bitumen-Pride-Today.jpg Weekly Bitumen Report: Market Confusion after the 3.75% Fall in Crude Oil Price on Wednesday On 274th day of Russia’s war against Ukraine, the widespread attacks of Russia led to power cut in most of the regions of Ukraine and millions of the Ukrainian did not have water or heating appliances accordingly. However, the severe sanctions against Russia led to the partially zero export of Russia’s oil to Europe in... https://infinitygalaxy.org/report/weekly-oil-report-battling-with-market-imbalances/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/crude-oil-2022Nov21-1.jpg Weekly Oil Report: Battling with Market Imbalances Crude oil's sudden plunge caused a confusing market with mixed directions in Bitumen and other petroleum products. Brent closed at $87.82 and WTI settled at $80.14 on Friday, 18 Nov. Watch WTI Technical Analysis: https://youtu.be/XTO1qjgqiTk The expected double-top pattern was almost completed in the week! The fall was quick and it left a long tail... https://infinitygalaxy.org/report/weekly-bitumen-report-the-stability-of-bitumen-price-in-singapore-and-its-increase-in-iran-and-india/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Bitumen-Price-e1698669476570.jpg Weekly Bitumen Report: The Stability of Bitumen Price in Singapore and its Increase in Iran and India After more than 9 days, the final results of election of US Senate and US House were released and finally the Democratic party became the winner of Senate and the Republican party got the seats of the parliament. On November 16, Donald Trump also announced his candidacy for the next presidential election. These political changes... https://infinitygalaxy.org/report/weekly-lubricant-report-fragile-stability-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Recycled-Base-Oil-Report.jpg Weekly Lubricant Report: Fragile Stability in the Market Oil prices in the second half of November 2022 decreased compared to the first week. During the first week, the price amounted to $95 while during the second week, it was $93. After the Republicans failed to take over the majority of the Senate in the United States, and the announcement of Trump's re-candidacy for... https://infinitygalaxy.org/report/weekly-oil-report-fluctuations-confused-commodity-traders/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/crude-oil-2022.jpg Weekly Oil Report: Fluctuations Confused Commodity Traders Volatile market of crude oil kept most of the commodity traders in limbo. While the trend of crude is hard to guess bitumen market is thriving. Brent closed at $95.82 and WTI settled at $88.91 on Friday, 11 Nov. https://youtu.be/5-QOMKR64HQ Oil headed down since the first day of the week. The recovery that happened in... https://infinitygalaxy.org/report/weekly-bitumen-report-hopes-for-a-positive-ending-in-2022-for-the-export-of-packed-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/BitumenPriceToday.jpg Weekly Bitumen Report: Hopes for a Positive Ending in 2022 for the Export of Packed Bitumen The Senate election of the United States was held while neither the red storm of the Republicans was observed nor the strong support of the blue Democrats and it seems that the Senate parliament will be run by the Republicans and this will usually happen in each period. Yet, it is not clear that how... https://infinitygalaxy.org/report/weekly-lubricant-report-petroleum-products-on-the-way-up/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/Recycled-Base-Oil-1.jpg Weekly Lubricant Report: Petroleum Products On the Way Up On Monday, the price of Brent oil started at around 97 dollars, and at the end of Monday, the price of Persian Gulf and Singapore fuel reached its highest value during the last quarter with an increase of 10 dollars. The increase in oil prices reached 98 dollars and after that, with the high price... https://infinitygalaxy.org/report/weekly-oil-report-more-crude-bullishness-by-new-iea-reports/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/crude-oil-2022-2.jpg Weekly Oil Report: More Crude Bullishness by New IEA Reports Above 4% growth of crude during the first week of November made many hopefuls for $100 oil. Bitumen and fuel had lively markets as well. Brent closed at $98.57 and WTI settled at $92.44 on Friday, 4 Nov. https://youtu.be/40_Dv8WRjfs October, as expected, brought oil growth after 4 months of fall. November also opened with positive... https://infinitygalaxy.org/report/weekly-bitumen-report-the-hope-for-a-promising-market-after-a-long-recession/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/3NOV.jpg Weekly Bitumen Report: The Hope for a Promising Market after a Long Recession On the 253rd day of Russia's war against Ukraine, Russia shot more than 50 missiles throughout Ukraine, including Kyiv aimed to destroy its infrastructure. Also, Putin suspended the export of grain from Ukraine. On the other hand, it seems that after the appointment of Xi Jinping as China's president and Rishi Sunak's appointment as the... https://infinitygalaxy.org/report/weekly-lubricant-report-the-start-of-cold-season-and-demand-increase/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/11/RC-Report.jpg Weekly Lubricant Report: The Start of Cold Season and Demand Increase On October 31, Singapore oil and fuel were traded in the markets with a slight decrease, but oil did not fall below the $90 channel. On Wednesday, after Yemen's Houthis threatened to attack Saudi Arabia's oil facilities again, the price of oil increased to $95. It seems that the inflammatory conditions in the Middle East... https://infinitygalaxy.org/report/weekly-oil-report-economic-turmoil-and-political-tensions-evoke-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/crude-oil-2022-2-1.jpg Weekly Oil Report: Economic Turmoil and Political Tensions Evoke Crude Crude, stalled in the range of 92 to 94 during the last week of October, shows that the market is still confused. Bitumen and fuel, however, tend to be rising. Brent closed at $94.14 and WTI settled at $88.28 on Friday, 28 October. [embed]https://youtu.be/t5eQ1Ykp1XA[/embed] On the weekly chart, it seems that the lower low in... https://infinitygalaxy.org/report/weekly-bitumen-report-the-political-incidents-the-strong-players-of-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Bitumen-Price-News-2.jpg Weekly Bitumen Report: The Political Incidents, the Strong Players of the Market During the last week, two main political incidents were observed whose effects on the world economy should be traced in long-term. In the last meeting of China Communist party, Xi Jinping was appointed as the China’s president for the third time. However, the future economic outlook of China does not seem to be promising in... https://infinitygalaxy.org/report/weekly-lubricant-report-a-positive-outlook-for-the-southeast-asian-base-oil-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Base-Oil.jpg Weekly Lubricant Report: A Positive Outlook for the Southeast Asian Base Oil Market On 25th October, the WTI crude oil closed at 85.05 and the weakening of the U.S. dollar helped oil prices this week to keep WTI front-month prices at $86 per barrel. The American Petroleum Institute (API) reported a build this week for crude oil of 4.520 million barrels. Top officials from U.S. shale companies have questioned... https://infinitygalaxy.org/report/weekly-oil-report-uncertainty-by-mixed-signals-hit-traders-again/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/crude-oil-2022.jpg Weekly Oil Report: Uncertainty by Mixed Signals Hit Traders Again The crude oil market acted uncertainly toward all the bearish and bullish factors in the market. But the uncertainty is not only for oil. Brent closed at $93.46 and WTI settled at $85.13 on Friday, 21 October. [embed]https://youtu.be/SWKLCt4tL1k[/embed] On the weekly chart of WTI, uncertainty is clear in the last candle. Buyers and sellers were... https://infinitygalaxy.org/report/weekly-bitumen-report-the-smooth-days-of-market-after-the-stormy-decision-of-opec/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Bitumen-Price-News.jpg Weekly Bitumen Report: The Smooth Days of Market after the Stormy Decision of OPEC The market passed quiet days during the last week and the difference between the lowest and highest rate of crude oil was around 2 US dollars and it was fluctuating in the range of 91-93 US dollars. Also, the average of HSFO CST180 FOB Singapore was almost unchanged in the level of 383 US dollars.... https://infinitygalaxy.org/report/weekly-lubricant-report-another-hit-of-recession-fear/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/RC-Base-Oil-SN150-1.jpg Weekly Lubricant Report: Another Hit of Recession Fear Over the past week, after OPEC's decision to cut 2 million barrels of crude oil from the beginning of November, the price of oil rose to $97, but then the price slowly decreased and reached $91 by October 19.   Some experts believe that this drop in crude oil prices is caused by America's decisions... https://infinitygalaxy.org/report/weekly-oil-report-quick-drop-of-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/crude-oil-2022-1.jpg Weekly Oil Report: Quick Drop of Commodities Crude oil fell by over 6% during the week. But Bitumen surprisingly increased or stayed steady. Brent closed at $91.62 and WTI settled at $85.60 on Friday, 14 October. https://youtu.be/WNK1gfOG2qU As you can see in the weekly chart of WTI, the fall was nearly half the former growth. It seems that the price is retreating... https://infinitygalaxy.org/report/weekly-bitumen-report-the-renewed-growth-of-the-market-after-the-recent-shocks/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Bitumen-Price.jpg Weekly Bitumen Report: The Renewed Growth of the Market after the Recent Shocks After 232 days of the war in Ukraine, it seems that the atomic threats of Russia have found a new shape and now the analysts of the main organizations and even the White House are worried about these threats. On the other hand, after the 2-million cut of OPEC, the oil price increased by 98... https://infinitygalaxy.org/report/weekly-oil-report-is-the-price-really-on-a-hike/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/crude-oil-2022OCt10.jpg Weekly Oil Report: Is the Price Really on a Hike? Crude oil had the biggest weekly growth since March 2022 and it shocked the market. Bitumen also got hot last week. Is this really a change of trend? Brent closed at $98.33 and WTI settled at $93.13 on Friday, 7 October. [embed]https://youtu.be/GrfSUyPqSQQ[/embed] In the daily chart of WTI, we can detect a hidden divergence in... https://infinitygalaxy.org/report/weekly-bitumen-report-the-2-million-cut-of-opec-and-its-serious-effects-on-the-market-and-the-8th-nov-election-of-usa/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/Bitumen-Report-2022-1.jpg Weekly Bitumen Report: The 2-million Cut of OPEC and its Serious Effects on the Market and the 8th Nov. Election of USA On Wednesday, 5 Oct. 2022, the 33rd meeting of OPEC+ was held which was the first in-person meeting after the emergence of Corona in the world. The members of this union decided to decrease oil production up to 2 million barrels per day from 1st November 2022. This is the biggest reduction after the reduction... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-official-completion-of-monsoon-and-hope-for-more-exports/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/9feb.jpg Weekly Lubricant & Chemical Report: Official Completion of Monsoon and Hope for More Exports On Monday, October 3, the oil and energy markets in the world started to grow, so that only on the same Monday the prices grew by about 5%. Meanwhile, fuel price conditions in the Persian Gulf and Singapore continued to be almost stable and slightly reduced, adding to the confusion of the market.  Today, October... https://infinitygalaxy.org/report/weekly-oil-report-geopolitical-risks-adds-up-to-energy-crisis/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/10/crude-oil-3Oct2022.jpg Weekly Oil Report: Geopolitical Risks adds Up to Energy Crisis The oil market was confused deciding on the trend. The price moderately grew during the week but September closed with over a 10% plunge in the price. Brent closed at $85.29 and WTI settled at $79.67 on Friday, 2 October. [embed]https://youtu.be/9idRAdfL904[/embed] The price is still loyal to the former wedge. But it is showing the... https://infinitygalaxy.org/report/weekly-bitumen-report-the-war-between-high-demand-increase-of-bitumen-price-and-the-pressure-on-crude-oil-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/29Sep.jpg Weekly Bitumen Report: The War between High Demand, Increase of Bitumen Price, and the Pressure on Crude Oil Price on the 218th day of Russia- Ukraine war, Moscow declared that more than 99% inhabitants of 4 Eastern regions of Ukraine including Donetsk, Kherson, Zaporizhzhia, and Luhansk voted to join Russia. However, Ukraine and some of the Western countries refused the nature of this voting. The effects of this voting on the economic crises are... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-uncertain-market-trend/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/BaseOil.png Weekly Lubricant & Chemical Report: Uncertain Market Trend Over the past week, the price of oil went downhill so that on Monday, September 26, the market started with a negative rate, and it seems that the oil price trend will continue. During the two days of Monday and Tuesday, the price of fuel in the Persian Gulf and Singapore also showed a negative... https://infinitygalaxy.org/report/weekly-oil-report-dark-shadow-stays-despite-possibilities-of-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/26sep-1.jpg Weekly Oil Report: Dark Shadow Stays Despite Possibilities of Growth The week was full of surprises and oil continued to come lower. Bitumen traders had orders coming despite the moderate fall. Brent closed at $86.71 and WTI settled at 79.30 on Friday. [embed]https://youtu.be/hI4d-XqZ0JI[/embed] You can see how the price is still trapped in the marked area. In the daily chart, there is a slight weakness,... https://infinitygalaxy.org/report/weekly-bitumen-report-the-anticipation-for-market-movements/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/22sep.jpg Weekly Bitumen Report: The Anticipation for Market Movements On the 211th day of Russia- Ukraine war, it seems that Russia is planning to call its reserve forces with the purpose of intensifying the military operations. This action might lead to a more complicated war situation and even increase the international economic crises. In the meantime, based on the recent reports of Platts, the... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-market-recovery-with-the-beginning-of-fall/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/IMG-20220125-WA0057-1.jpg Weekly Lubricant & Chemical Report: Market Recovery with the Beginning of Fall The price of crude oil opened negative on Monday then it grew slightly and finally decreased on Monday and Tuesday. It seems that the trend of oil price reduction will continue and considering that the central banks of 5 countries have decided to hold a meeting to stand against the inflation in their countries and... https://infinitygalaxy.org/report/weekly-oil-report-fluctuations-happens-with-fears-and-uncertainties/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/crude-oil-Sep19.jpg Weekly Oil Report: Fluctuations Happens with Fears and Uncertainties Falling and growing back was the recap of oil in the second week of September. Bitumen also had fluctuations but demand did not stop. Brent finally closed at $91.53 and WTI settled at $85.28 on Friday. [embed]https://youtu.be/O5E1MRVhcFU[/embed] WTI stalls in the region of 90 to 81 moving between two yellow convergent lines. In the Daily... https://infinitygalaxy.org/report/weekly-bitumen-report-the-antagonistic-signals-and-confusion-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/Bitumen-Price-2022-1.jpeg Weekly Bitumen Report: The Antagonistic Signals and Confusion in the Market Look at the below rates: 8 September 2022, HSFO CST380 , 359 USD (-32 USD) 9 September 2022, HSFO CST380 , 371 USD (+11 USD) 12 September 2022, HSFO CST380 , 385 USD (+13 USD) 13 September 2022, HSFO CST380 , 395 USD (+9 USD) 14 September 2022, HSFO CST380 , 382 USD (-13 USD)... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-the-lubricant-market-under-the-oil-shock/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/RC-SN150-2.jpg Weekly Lubricant & Chemical Report: The Lubricant Market under the Oil Shock On September 7, there was an oil shock and the price of Brent oil fell below 90 dollars, on September 9, the price almost recovered. Oil prices reached 92 dollars by the end of the day on September 12, but dropped again to below 92 dollars on Tuesday.  Market analysts provide various information regarding the... https://infinitygalaxy.org/report/weekly-oil-report-chaos-formed-by-mixed-news/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/crude-oil-Sep12.jpg Weekly Oil Report: Chaos Formed by Mixed News All Markets lingered in shock of oil as crude suddenly fell by 8% and quickly recovered after. The bitumen market, though, stayed active. Brent finally closed at $92.11 and WTI settled at $86.19 on Friday. [embed]https://youtu.be/VhQPS8KxRr0[/embed] On the daily chart, you can see how sharply WTI plunged on Tuesday and Wednesday. Traders were all shocked... https://infinitygalaxy.org/report/weekly-bitumen-report-the-oil-shock-on-7-september-and-its-impacts-on-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/Bitumen-Price.jpeg Weekly Bitumen Report: The Oil Shock on 7 September and its Impacts on the Market Based on the latest economic reports and investigating the different economic indexes in the world, most analysts believe that the rate of commodity production is lowering in the world can be because of a reduction in consumption and normally, the energy demands will decrease too. This was enough for OPEC to reduce oil supply by... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-mixed-signals-rushing-to-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/RECYCLED-BASE-OIL-2.jpg Weekly Lubricant & Chemical Report: Mixed Signals Rushing to Markets During the last week, after Russia cut the Nord Stream 1 pipeline to Europe and announced in the last political positions that until Europe does not remove the sanctions, Russia will not open the pipeline either, as a result the oil and gas conditions have entered a new stage in the world. Europeans claim that... https://infinitygalaxy.org/report/weekly-oil-report-confusion-running-through-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/crude-oil-sep-5.jpg Weekly Oil Report: Confusion Running Through Markets The fall of crude oil, for the third consecutive month, slowed down bitumen growth but couldn’t stop it for September. Brent closed at $93.31 and WTI settled at $87.06 on Friday. [embed]https://youtu.be/W0CmT8jbSbU[/embed] Oil plunged by about 10% in August, closing below $100 for the third consecutive month. The current daily chart of WTI shows a... https://infinitygalaxy.org/report/weekly-bitumen-report-the-start-of-export-season-with-a-42-usd-increase-in-india-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/09/Bitumen-Report.jpg Weekly Bitumen Report: The Start of Export Season with a 42-USD Increase in India Bitumen Price After 190 days of Russia's war against Ukraine, the USA warned its citizens to leave Ukraine more immediately which can be due to the fear of Russia's severe attacks on Ukraine. Russia stopped its gas transfer to Europe because of the repairs in the gas pipe of Nord Steam 1 for 3 days. However, only... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-stable-condition-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Recycled-Base-Oil-SN150-Price.jpg Weekly Lubricant & Chemical Report: Stable Condition in the Market On Monday, after receiving weak signals regarding the upward trend of crude oil prices, the market became a little more optimistic about the future, and the price of Brent crude oil reached about $98 at the time of preparing this report. During the past week, after the celebration of Ukraine's independence day and Russia's threat... https://infinitygalaxy.org/report/weekly-oil-report-markets-are-still-on-edge/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/crude-oil-29Aug2022.jpg Weekly Oil Report: Markets Are Still on Edge Crude oil grew back slightly as expected leaving the bitumen market a bit confused. The weakness is not over. [embed]https://www.youtube.com/watch?v=c1yaTA6bZzY[/embed] Brent oil closed at $100.70 and WTI rose up to $92.96 on Friday. In WTI daily chart, the growth was not significant considering the buying pressure. The weakness is still diming the market and it... https://infinitygalaxy.org/report/weekly-bitumen-report-the-100th-simultaneous-report-with-positive-market-signals-to-its-activists/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Buy-Bitumen.jpeg Weekly Bitumen Report: The 100th Simultaneous Report with Positive Market Signals to its Activists In the 100th weekly report of Infinity Galaxy, we would like to thank our valued readers. As already predicted, by approaching September and the end of the monsoon, the market is expecting more growth. However, the unrest in the world is still going on. In the 183 days of Russia's war against Ukraine, the observers... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-expectation-of-positive-upward-trend-for-after-monsoon/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Infinity-Galaxy-Bitumen-Exporter.jpg Weekly Lubricant & Chemical Report: Expectation of Positive Upward Trend for after Monsoon On Monday, the price of Brent oil started at around $93 to $94. As mentioned by Infinity Galaxy in Monday 's report, the technical trend of the market shows the increase of oil prices, but it was reported in a very weak way, and by the time of preparing this report, the price of Brent... https://infinitygalaxy.org/report/weekly-oil-report-is-a-new-pump-coming-for-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/crude-oil-Aug22-1.jpg Weekly Oil Report: Is A New Pump Coming for Crude? Another week passed with new dips of oil caused by uncertainty and probable higher supply. Brent oil closed at $95.76 and West Texas Intermediate settled at $89.87 on Friday. Although the price of oil dropped last week, the daily chart of WTI is indicating a slight weakness toward moving down. Considering the MACD and the... https://infinitygalaxy.org/report/weekly-bitumen-report-the-weak-signals-of-the-market-and-hopes-to-growth-after-monsoon/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Biutmen-Drum.jpg Weekly Bitumen Report: The Weak Signals of the Market and Hopes to Growth after Monsoon After more than 176 days of the war between Russia and Ukraine, Russia still has not achieved its goals but they have imposed lots of damages to Ukraine and its infrastructure. This war has been the main reason for the inflation in the USA (8.5%), Europe (8.9%), and India (6.7%).   On August 15, the... https://infinitygalaxy.org/report/weekly-lubricant-chemical-report-lubricants-and-chemicals-market-under-the-shadow-of-jcpoa-negotiations/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Caustic-Soda-and-Lubricants.jpg Weekly Lubricant & Chemical Report: Lubricants and Chemicals Market under the Shadow of JCPOA Negotiations On Monday, 15th August, the price of crude oil was 94 US dollars, although the news from China indicated an increase in production and this increase in production supported the rise in the price of petrochemicals. This caused the products in Singapore and South Korea markets to rise. But the technical trend of crude oil... https://infinitygalaxy.org/report/weekly-oil-report-mixed-sentiments-of-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/crude-oil-15Aug.jpg Weekly Oil Report: Mixed Sentiments of the Market Slightly Growing up, crude made many optimistic toward increase continuation. Technically, charts are still weak for turning up. Fundamentally, the market is in a mixed condition. On Friday, Brent closed at $97.84 and WTI closed at $91.87. On the Weekly chart of WTI, last week's growth was not much promising against the prior fall of... https://infinitygalaxy.org/report/weekly-bitumen-report-the-market-is-hoping-a-new-start-by-the-end-of-monsoon/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Bitumen-Price.jpeg Weekly Bitumen Report: The Market is Hoping a New Start by the End of Monsoon On the 169th day of Russia's war against Ukraine, the critical war situation changed with the attack of Ukraine to Crimean Peninsula. As a result of this attack, the military base of Russia exploded, whose impacts can be strongly felt in the war process. During the last week and by the publication of a new... https://infinitygalaxy.org/report/weekly-lubricant-report-lubricant-market-under-the-crude-fluctuations/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Base-Oil.jpg Weekly Lubricant Report: Lubricant Market under the Crude Fluctuations Over the past week, by the publication of US Non-Farm Payrolls report with the increase of employment in July, and the increase in the salary level for the private sector in the United States, the optimism that the United States can overcome the current conditions has increased, and thus with the changes in dollar, the... https://infinitygalaxy.org/report/weekly-oil-report-crude-slumps-by-demand-and-dollar/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/crude-oil-Aug8.jpg Weekly Oil Report: Crude Slumps by Demand and Dollar The first week of August brought a deeper plunge for oil. Uncertainty grew larger in markets as the outlook of demand and dollar surprised traders. Breaking a strong resistance level at $92, WTI closed at $88.53 and Brent settled at $93.66 on Friday. Price is currently under a yearly and monthly pivot point, probably strong... https://infinitygalaxy.org/report/weekly-bitumen-report-the-returns-of-doubts-to-the-markey-by-the-recent-drop-of-crude-oil-prices-3/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/infinity1.jpg Weekly Bitumen Report: The Return of Doubts to the Market by the Recent Drop of Crude Oil Prices In the 163rd of the Russia- Ukraine war, although it seems that Russia is partially overcoming Ukraine, the military aids of the West to Ukraine has reduced the speed of Russia’s progression. However, the various contradictory events and incidents in the market of energy and economy have raised the doubts and the market players are... https://infinitygalaxy.org/report/weekly-lubricant-report-the-promising-movements-in-the-market-after-the-long-lasting-recession/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/Recycled-Base-Oil.jpg Weekly Lubricant Report: The Promising Movements in the Market after the Long-lasting Recession On Monday, 1st August, oil markets opened with oil below 100 dollars, while reports from Singapore showed the slowing economic growth in China and Japan, fears of a resurgence of the Coronavirus, and re-quarantine in China. These reports illustrated that China could not reach zero corona in July, this fear caused the price of oil... https://infinitygalaxy.org/report/weekly-oil-report-is-crude-slump-over/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/08/1Aug.jpg Weekly Oil Report: Is Crude Slump Over? Bullish sentiment ignited in crude and bitumen in the last days of July. Movements are growing are growing in various markets. Brent closed at $103.31 and WTI settled at $98.28 on Friday. Brent and WTI closed below last month in July. The price had a small growth on Friday due to a stronger concept of... https://infinitygalaxy.org/report/weekly-bitumen-report-the-more-market-dynamicity-to-be-expected-from-first-august-and-fall-of-bitumen-prices-in-india/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/29july.jpg Weekly Bitumen Report: The More Market Dynamicity to be Expected from First August and Fall of Bitumen Prices in India During the last week, no special fundamental incident was observed in the international arena whose effects can have a serious impact on the economic trend of the market. The only notable point is the ongoing war of Russia and Ukraine after 155 days. The attacks to western fronts of Ukraine are going on. On the... https://infinitygalaxy.org/report/weekly-lubricant-report-fluctuations-pulling-prices-down/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/SN.jpg Weekly Lubricant Report: Fluctuations Pulling Prices Down During the last week, compared to the same period of the previous week, crude oil prices fluctuated less and moved in the range of $99 and $107. However, Infinity Galaxy had indicated in its reports that this fluctuation may be between $90 and $110, this range has been maintained until today, and Brent oil sometimes... https://infinitygalaxy.org/report/weekly-oil-report-uncertainty-in-demand-and-supply/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/25July2022-Crude-Oil.jpg Weekly Oil Report: Uncertainty in Demand and Supply Crude oil and bitumen were volatile in the expected range of last week. Brent finally closed at $103.60 and WTI settled at $95.00 on Friday. In the daily chart of WTI and Brent, we can see that the falling momentum has decreased. The price level around 93 is very strong for WTI and it is... https://infinitygalaxy.org/report/weekly-bitumen-report-the-two-bladed-sword-of-recession-and-probable-dynamicity-after-the-recent-falls-of-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/BitumenContainer.jpg Weekly Bitumen Report: The Two-Bladed Sword of Recession and Probable Dynamicity after the Recent Falls of Bitumen Price After 148 days of Russia war against Ukraine, while some of the American magazines had reported that Russia is planning to make the invaded cities of Ukraine as a part of their own land, gas transfer of Russia to Europe i.e. Project Nord Stream 1 started after a 10-day gap due to the yearly maintenance.... https://infinitygalaxy.org/report/weekly-lubricant-report-possible-price-reduction-stimulating-hopes-in-lubricants/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/Recycled-Base-Oil-Report.jpeg Weekly Lubricant Report: Possible Price Reduction Stimulating Hopes in Lubricants On Monday, the Brent crude oil price traded around $101 in the world markets, which had a serious decrease compared to last week. It reached below $100 after 5 months, and experienced a start above $100 again. Until Wednesday, by the time this report was prepared, the price of Brent oil reached around $105. Over... https://infinitygalaxy.org/report/weekly-oil-report-mixed-signals-within-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/crude-oil-18July.jpg Weekly Oil Report: Mixed Signals Within the Market Crude oil price dropped by the fear of the recession in the first days of the week. But it recovered as the fear eased down and supply expectations failed. Despite the 12% plunge in the price, it did not cross the blue support in the chart. Brent bounced back above $100 at $100.79 on Friday... https://infinitygalaxy.org/report/weekly-bitumen-report-the-equity-of-us-dollar-against-euro-after-22-years-and-its-effects-on-the-export/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/Bitumen-in-Drum.jpg Weekly Bitumen Report: The Equity of US Dollar against Euro after 22 Years and its Effects on the Export As it was mentioned in our last week analyses in June 2022, the average of WTI and Brent observed a recession after six month that was a sign of control over oil price. In July, oil prices started at the level of 113 US dollars but from 5 July onwards, the fears in the financial,... https://infinitygalaxy.org/report/weekly-lubricant-report-the-fears-of-international-trade/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/RC-SN-150.jpg Weekly Lubricant Report: The Fears of International Trade As mentioned in the Friday bitumen report of Ms. Razieh Gilani, hard choices are now on the table of the economy in different countries, whether they should deal with hyperinflation in their country or choose stagnation. Since last Tuesday, 5th July 2022, when the news about the increase in interest rates in the United States... https://infinitygalaxy.org/report/recession-fears-shortly-suppressed-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/crude-oil-July-11.jpg Weekly Oil Report: Recession Fears Shortly Suppressed Markets Commodities experienced a sudden and temporarily plunge during the first week of July. Oil dropped about 9% on Tuesday because of an emotional reaction to fears of a possible recession following the interest rate increase. Brent, finally, grew back to $107.00 and WTI closed at $104.78 on Friday. In the 4h WTI chart, the price... https://infinitygalaxy.org/report/weekly-bitumen-report-the-tough-options-in-front-of-the-economy/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/Bitumen-drum.jpg Weekly Bitumen Report: The Tough Options in front of the Economy Infinity Galaxy team was planning to release its first videocast in the first week of July, which was prepared on 5 July, but the strong earthquake of oil price changed the whole prepared scenario. The first 7 days of July passed with a drop of more than 10% in oil price. During the last week,... https://infinitygalaxy.org/report/weekly-lubricant-report-unprecedented-fluctuations-by-rising-fears/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/Recycledbaseoil.jpg Weekly Lubricant Report: Unprecedented Fluctuations By Rising Fears The crude oil price was reported at $116 on the last day of June and respectively it closed with a decrease in the average price compared to the previous months. On the 5th day of July, due to the intensification of the fear of stagnation in the market, the price of crude oil decreased by... https://infinitygalaxy.org/report/weekly-oil-report-supply-disruptions-ignite-bullish-sentiments/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/07/crude-oil-July-4.jpg Weekly Oil Report: Supply Disruptions Ignite Bullish Sentiments Crude oil jumped up on Friday after about an %8 plunge during June. Brent closed at $111.38 and WTI settled at $108.48 after the bullish sentiments built by the disruptions of supply. Technically, the price is currently struggling with the yearly pivot at around $107 (the upper white line in the chart). If it succeeds... https://infinitygalaxy.org/report/weekly-bitumen-report-the-opposite-functions-of-price-determination-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/Containers.webp Weekly Bitumen Report: The Opposite Functions of Price Determination in the Market After more than 127 days of Russia- Ukraine war, it has been reporting that Russia is exporting its oil to the Europe even more than before the war with an amount of 1.84 million barrels per day. The energy crisis is getting more serious in the world and as it was mentioned in the last... https://infinitygalaxy.org/report/weekly-lubricant-report-lubricant-market-under-the-influence-of-political-conditions/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/RecycleBaseOil-29June.jpeg Weekly Lubricant Report: Lubricant Market under the Influence of Political Conditions More than 125 days have passed since the Russia-Ukraine war, and it seems Russia has won on the eastern front. Russia's heavy attacks on the Ukrainian capital, Kiev, also continue. The average price of crude oil from June to its last week shows a recession compared to the last 6 months. This indicates that the... https://infinitygalaxy.org/report/weekly-oil-report-global-fear-of-recession-intensifies/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/crude-oil-June-27.jpg Weekly Oil Report: Global Fear of Recession Intensifies Crude oil fell to $110 under the pressure of weak demand and fears of the global recession. It was the third consecutive week that the oil price dropped. Brent closed at $112.44 and WTI settled down at $107.53 on Friday. As you can see in the WTI chart, it could record 101.55 as the lowest... https://infinitygalaxy.org/report/weekly-bitumen-report-the-shadow-of-recession-is-still-felt-strongly-in-the-market-of-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/bitumenreport.jpeg Weekly Bitumen Report: The Shadow of Recession is Still Felt Strongly in the Market of Commodities In the 17th week of the war, various incidents are happening: the west is checking out membership conditions of Ukraine in the European Union, the head authorities of different European countries travel to Ukraine with or without prior notice, the critical city of Donetsk of Ukraine has been almost fallen, and Russia has turned into... https://infinitygalaxy.org/report/weekly-lubricant-report-the-aftershocks-of-global-energy-crisis-made-a-turbulent-market-of-the-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/RC-Base-Oil.jpg Weekly Lubricant Report: The Aftershocks of Global Energy Crisis made a Turbulent Market of the Commodities While the crude oil price fell about 7-8% on Friday, its price is still above $110 and at the time of preparing this report is at about $111. The exchange rate of the dollar against major currencies has reached its highest level since May 2020, so in the current situation, importers are not sure that... https://infinitygalaxy.org/report/weekly-oil-report-markets-tremble-upon-more-fears-of-a-recession/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/crude-oil-June-20.jpg Weekly Oil Report: Markets Tremble Upon More Fears of A Recession After weeks of the quick growth of crude, it drastically sold off during the last week. The oil price fell by around 8% and Brent settled at $113.14 and WTI got to $110.01 on Friday. Tensions existed in almost all the markets besides oil and petrochemical due to the reports on high inflation rates and... https://infinitygalaxy.org/report/weekly-bitumen-report-why-india-experienced-the-second-consecutive-fall-while-crude-oil-was-in-it-upward-mode/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/17june.jpg Weekly Bitumen Report: Why India Experienced the Second Consecutive Fall while Crude Oil was in it Upward Mode? In the 113th day of Russia- Ukraine war, Ukraine refused the ultimatum of Russia to surrender Sievierodonetsk, although 80% of this city has been invaded by Russia and a large population of it are stuck in the city. At the same day, Emmanuel Macron, German chancellor Olaf Scholz and Italian prime minister Mario Draghi arrived... https://infinitygalaxy.org/report/weekly-lubricant-report-high-demand-of-lubricants-and-shortage-of-supply/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/RCSN150.jpg Weekly Lubricant Report: High Demand of Lubricants and Shortage of Supply In the 16th week of the Russia-Ukraine war, Russia's attacks in the eastern region appear to be intensifying and the scenario of Russia's victory in the war appears increasingly probable. As mentioned in several previous technical analyses by Infinity Galaxy in June, the Brent crude oil price range was estimated at $110- $125, with a... https://infinitygalaxy.org/report/weekly-oil-report-slower-movements-of-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/crude-oil-June-13.jpg Weekly Oil Report: Slower Movements of crude Note: Due to high requests from our audiences for crude price targets and more detailed observation, we decided to add a new part to our weekly oil reports containing the technical analysis of the chart. Fear and uncertainty are still flowing in the market and ended the week with an indecisive market. Brent closed at... https://infinitygalaxy.org/report/weekly-bitumen-report-will-the-world-experience-another-recession-like-2008/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/Newsteeldrum.jpg Weekly Bitumen Report: Will the World Experience another Recession, like 2008? In the 108th day of Russia- Ukraine war, Russia claims to have full invasion of east of Ukraine, however, Ukraine is still defending its boarders in the Eastern regions. The war damages have been estimated over 600 billion dollars up to now. After one month, Russian missile attacks to Kyiv started again. These factors, and... https://infinitygalaxy.org/report/weekly-lubricant-report-the-heavy-shadow-of-the-stagflation-on-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/RC-SN150.jpeg Weekly Lubricant Report: The Heavy Shadow of the Stagflation on the Market Over the last week, there has been a lot of controversy in the oil market, and this has fueled the market. One of the events of the last week was the rumor that OPEC+ might want to cut ties with Russia, while OPEC did not react and finally said that it decided to increase its... https://infinitygalaxy.org/report/weekly-oil-report-is-crude-heading-for-a-disaster/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/crude-oil-june-6.jpg Weekly Oil Report: Is Crude Heading for a Disaster? Last week, plenty of turmoil happened to the oil market, including a new set of EU sanctions on Russian oil, an OPEC agreement to increase production, and price spikes despite dollar improvement. Oil prices often act inversely to the US dollars but crude grew over the last week despite the strong dollar. Eventually, Brent closed... https://infinitygalaxy.org/report/weekly-bitumen-report-increase-oil-oil-price-versus-stability-of-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/BitumenNewSteelDrum.jpg Weekly Bitumen Report: Increase oil Oil Price versus Stability of Bitumen Price By the start of high driving season in the USA and Europe from first of June as well as the implementation of new sanctions of Europe against Russia, oil price jumped up to 123 US dollars. Infinity Galaxy had already estimated the range of oil price between 104-115 US dollars in May 2022, but the... https://infinitygalaxy.org/report/weekly-lubricant-report-the-effect-of-stagflation-on-lubricant-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/06/1653280390632.jpg Weekly Lubricant Report: The Effect of Stagflation on Lubricant Market June 2022 started with crude oil price reaching above $120 and the reason for this increase was two fundamental factors. The intensification of European sanctions against Russia, which has been applied since June 1, as well as the start of the US and European countries’ demand due to the increase in travel, will enhance the... https://infinitygalaxy.org/report/weekly-oil-report-us-demand-season-pushing-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/crude-oil-30May.jpg Weekly Oil Report: US Demand Season Pushing Prices Crude oil closed the last week of May with gains for the six consecutive months. With about 6% growth on Friday, Brent closed at $119.20 and with 4% growth, WTI settled at $115.08 in the last trading session. Improving demand is highlighting the supply disruptions more than before. The high demand season in the US... https://infinitygalaxy.org/report/weekly-bitumen-report-the-unprecedented-recession-in-export-markets-of-energy-and-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/BitumenContainer.jpg Weekly Bitumen Report: The Unprecedented Recession in Export Markets of Energy and Commodities In the 12th week of Russia- Ukraine war, fuel and crude oil did not experience a significant growth. The range of crude oil was 110- 115 US dollars. Infinity Galaxy previous reports repeatedly mentioned the minimum and maximum level of 105 and 115 US dollars till the end of May, respectively. The market trend verifies... https://infinitygalaxy.org/report/weekly-lubricant-report-stagnation-and-calm-conditions-of-the-recycled-base-oil-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/RecycledBaseOil.jpg Weekly Lubricant and Base Oil Report: Stagnation and Calm Conditions of the Recycled Base Oil Market Crude Oil prices have fluctuated between $108 and $113 over the last week, up slightly from the previous week. On the other hand, market analysts are not very sure that this growth will continue, and it is assumed that the crude oil price will fluctuate approximately $105 to $115. Singapore furnace oil prices decreased nearly... https://infinitygalaxy.org/report/weekly-oil-report-bullish-and-bearish-news-colliding/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/crude-oil-May-23.jpg Weekly Oil Report: Bullish and Bearish News Colliding Crude oil experienced a week full of volatility and indecisiveness under more pressure from demand and supply. Fears of recession, famine, new virus outbreaks, and tighter supply left market participants uncertain about bullish and bearish sentiments. Consequently, WTI fluctuated in the range of $104 - $116 and closed at $110.52 on Friday. Brent also withstood... https://infinitygalaxy.org/report/weekly-bitumen-report-the-shadow-of-inflationary-stagnation-affecting-the-market-strongly/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/Bitumen-Drums.jpg Weekly Bitumen Report: The Shadow of Inflationary Stagnation Affecting the Market Strongly In the 85th day of martial attack of Russia to Ukraine, it seems Ukraine won some victories and excelled Russia. At the same time, Finland and Sweden requested the NATO membership and this matter raised oil price up to 114 US dollars. While, Turkey's disagreement with this matter dropped oil price to 109 US dollars.... https://infinitygalaxy.org/report/weekly-lubricant-and-base-oil-report-in-spite-of-predictions-recycled-base-oil-prices-continue-to-rise/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/FlexiofRCSN150-1.jpg Weekly Lubricant and Base Oil Report: In Spite of Predictions, Recycled Base Oil Prices Continue to Rise In the 12th week of the Russia-Ukraine war, crude oil prices continued to rise and reached $114 as Ukraine appeared to have won victories in some cities, along with Finland and Sweden announcing for the first time that they wanted to join the NATO military alliance. This is in a situation where due to the... https://infinitygalaxy.org/report/weekly-oil-report-lower-demand-claims-could-not-pull-the-price-back/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/crude-oil-May16.jpg Weekly Oil Report: Lower Demand Claims Could Not Pull the Price Back Oil prices increased at the end of the week despite forecasts about weaker demand in 2022. Reports, mostly by OPEC and IEA, show that there will be a lower demand for oil in 2022 since inflation is still rising. However, the reports could not suppress the prices and Brent closed at $111.19 and WTI closed... https://infinitygalaxy.org/report/weekly-bitumen-report-shadow-of-recession-over-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/WhatsApp-Image-2022-05-13-at-2.07.37-AM.jpeg Weekly Bitumen Report: Shadow of Recession over the Bitumen Market The 78th day of Russia-Ukraine war ended with conditions threatening Finland after it expressed its interest in joining NATO. During these 78 days and huge losses to both countries and the global economy; US inflation is estimated at around 8.5% and Indian inflation between 6.95% to 7.5%. This unprecedented inflation and the fact that crude... https://infinitygalaxy.org/report/weekly-lubricant-and-base-oil-report-predict-to-stop-rising-recycled-base-oil-prices-after-a-period-of-the-sharp-rise/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/Recycle-InfinityGalaxy.jpeg Weekly Lubricant and Base Oil Report: Predict to stop rising Recycled Base Oil prices after a period of the sharp rise Over the last week, crude oil prices have fluctuated between $105 and $113. Despite last week's meeting of OPEC and their decision to increase the capacity to 480,000 barrels from 1st June, this decision did not have a serious impact on the market and the market did not show a serious decline.However, the more open... https://infinitygalaxy.org/report/weekly-oil-report-supply-disruptions-intensify/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/crude-oil-9May.jpg Weekly Oil Report: Supply Disruptions Intensify The first week of May brought another consecutive week of growth for crude. Brent oil closed at $112.34 and WTI touched $110.49 at the end of Friday’s session. Russia’s new war deadline fears, the EU's disappointment to find new suppliers, and the new US attempts to stop the oil monopolies intensified the supply disruptions. May... https://infinitygalaxy.org/report/weekly-bitumen-report-shall-the-bitumen-prices-fall/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/5may.jpg Weekly Bitumen Report: Shall the Bitumen Prices Fall? During the last weeks, most of the buyers in different regions of the world were searching whether the bitumen prices will decrease or not? Due to this matter, many of the buyers stooped purchasing and significant confusions were observed among the market activists. In response to this question, we should consider the factors affecting raise... https://infinitygalaxy.org/report/concerns-about-production-shortage-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/recycle.jpg Concerns About Production Shortage in the Market In the past two weeks, Russia has captured two major Ukrainian cities. Reports indicate that three major Ukrainian ports will also be closed. These issues caused a direct impact, especially on agriculture. It seems that the market will face many deficiencies in the summer. One of the most important effects of the Ukraine war is... https://infinitygalaxy.org/report/weekly-oil-report-persistent-growth-of-commodities/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/05/crude-oil-2-May.jpg Weekly Oil Report: Persistent Growth of Commodities Crude oil recorded over 2% growth for the fifth consecutive month. Brent closed at $105.85 and WTI closed at $104.13 on the Last week of April. The situation with fundamental concerns stays similar to former weeks. Technically, the momentum of the price growth has slowed down and we might have a price correction in May... https://infinitygalaxy.org/report/weekly-bitumen-report-the-potential-factors-running-market-ambiguously/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/Bitumen-Report.jpg Weekly Bitumen Report: The Potential Factors Running Market Ambiguously Considering the extent of the last week’s events, we will discuss each one separately. Russia- Ukraine War In the 64th day of Russia- Ukraine war, its consequences are affecting on the complexity of the market variables. Guterres, the secretary general of the United Nations, travelled to Moscow three days ago and visited Putin, the president... https://infinitygalaxy.org/report/temporary-fluctuations-disrupting-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/Orange-and-Brown-Clean-Creative-Business-Corp-Presentation-5-1.jpg Temporary Fluctuations Disrupting the Market As Russia's war with Ukraine continues, hopes for a better crude oil market waned. In recent weeks, Russian oil exports have declined and cross-sectional fluctuations have continued to disrupt the market. This has caused energy and fuel prices to rise around the world. Disorders in the supply chain and price pressure are still continuing due... https://infinitygalaxy.org/report/weekly-oil-report-mixed-signals-of-the-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/crude-oil-25Apr.jpg Weekly Oil Report: Mixed Signals of the Market Oil markets were still under the pressure of volatility during the last week. There are both bullish and bearish sentiments running through the market and it has confused many petrochemical traders. New attacks on Ukraine, untamed inflation, embargoes, and supply/demand problems set the stage for another falling week of oil. Following the one-month bearish trend... https://infinitygalaxy.org/report/weekly-bitumen-report-a-weak-growth-of-the-market-after-several-weeks/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/20220421_204722-1.jpg Weekly Bitumen Report: A Weak Growth of the Market after Several Weeks Fifty eight days passed from the war between Russia and Ukraine, while Russia believed that it would finish within only 3 days and Kyiv would fall. During this time, the market experienced severe fluctuations like increase of crude oil prices up to 135 US dollars and its fall up to 97 US dollars, that means... https://infinitygalaxy.org/report/market-confusion-and-upward-slope-of-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/Orange-and-Brown-Clean-Creative-Business-Corp-Presentation-3.jpg Market Confusion and Upward Slope of Prices The war in Ukraine continues to dominate the news around the world. International sanctions and a ban on Russian exports have pushed up energy prices which had a major impact on a wide range of industries, including the base oil and lubricant markets. It is very difficult to predict the crude oil prices in the... https://infinitygalaxy.org/report/weekly-oil-report-a-crack-of-hope-for-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/crude-oil-18Apr.jpg Weekly Oil Report: A Crack of Hope for Demand Reports on Covid cases and deaths in China show a moderately better situation. The crude prices, affected by the reports, rose higher during the last week in hopes of a better demand on China’s side. The Brent closed at $110.63 and WTI closed at $103.72 on Friday. Market fluctuations have increased. Effective factors on the... https://infinitygalaxy.org/report/weekly-bitumen-report-the-continued-instabilities-in-the-market-of-bitumen-and-oil-products/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/Bitumen-report-drum.jpeg Weekly Bitumen Report: The Continued Instabilities in the Market of Bitumen and Oil Products Same as the last 4 weeks, the market was struggling with various instabilities. At the beginning of the week, oil price dropped to 97 US dollars and by the time of preparing this report, it reached around 107 US dollars which can be attributed to the geopolitical tensions and Russia- Ukraine war, outbreak of Corona... https://infinitygalaxy.org/report/the-tangle-of-the-political-and-economic-crisis-in-the-worlds-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/Orange-and-Brown-Clean-Creative-Business-Corp-Presentation-2-1.jpg The Tangle of the Political and Economic Crisis in the world’s Market Sharp crude oil prices and sloping supply persist to put pressure on base oils and lubricants. After the OPEC+ agreement to release 120 million barrels of crude oil, oil prices fell about 5.7% at the end of last week. Russia's ongoing war against Ukraine, along with Russian sanctions, is expected to affect energy prices in... https://infinitygalaxy.org/report/weekly-oil-report-bearish-sentiments-pile-up/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/crude-oil-11April.jpg Weekly Oil Report: Bearish Sentiments Pile Up Oil prices slowed down during the last week and WTI dived down below $100. After turning sentiments on demand and supply, Brent closed at $101.91 and WTI got to $97.76 on Friday's last session. The spread of covid in China and eased fears of Russia's supply helped the bearish sentiment. It seems that the market... https://infinitygalaxy.org/report/weekly-bitumen-report-fears-and-hopes-of-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/Razieh.jpeg Weekly Bitumen Report: Fears and Hopes of Bitumen Price Like the previous weeks, the last week was also replete with worries of the price drops in most of the markets, but on 2 April and by the increase of bitumen price by Bahrain up to 20 US dollars (Bulk FOB 495 US dollars) could maintain the market. On the other hand, Singapore decreased its... https://infinitygalaxy.org/report/rising-demand-amid-pricing-turmoil-in-the-base-oils-and-lubricants/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/211694fd-64c7-49e6-8d5e-ee7b63c349a2.jpg Rising Demand Amid Pricing Turmoil in the Base Oils and Lubricants Iranian refineries and producers officially returned to work, but market fluctuations have left companies reluctant to announce prices. Manufacturers have difficulty in predicting their future costs while facing high demand for base oils and lubricants. The trend of domestic and export markets has altered due to the lack of export transactions and the rapid rise... https://infinitygalaxy.org/report/weekly-oil-report-biggest-decline-of-crude-after-us-spr-release/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/04/crude-oil-4April.jpg Weekly Oil Report: Biggest Decline of Crude After US SPR Release The market was turbulent during the last week of March since the crude recorded the biggest decline in nearly two last years. Brent jumped down by %10.44 and closed at $103.94 on Friday. WTI closed under $100 after a %11.79 decline. The US decision on Strategic Petroleum Reserve (SPR), OPEC agreement for a slight increase... https://infinitygalaxy.org/report/weekly-bitumen-report-the-slow-trend-of-the-market-after-the-passing-stormy-weeks/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/Screenshot_20220331-215147_Gallery-e1648755851724.jpg Weekly Bitumen Report: The Slow Trend of the Market after the Passing Stormy Weeks During the last week, crude oil experienced frequent fluctuations. With the attacks of the al-Houthi movement of Yemen to oil processing facilities of Saudi Arabia and threatening that there is no guarantee on the security of world energy, crude oil rates increased up to 125 US dollars but by the outbreak of a new variant... https://infinitygalaxy.org/report/determination-challenges-in-the-base-oil-and-lubricant-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/png_20220329_233939_0000-e1648756485301.jpg Determination Challenges in the Base Oil and Lubricant Market‌ Oil prices rose to $125 last week as Yemeni Houthis attacked Saudi oil production lines. Prices have fluctuated sharply in recent weeks. It seems likely that prices remain in an upward trend after Saudi Arabia is willing to supply more oil to world markets. As the Iran-US negotiations on JCPOA become more complicated, the agreement... https://infinitygalaxy.org/report/weekly-oil-report-tensions-rising-in-crude-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/crude-oil-28Mar.jpg Weekly Oil Report: Tensions Rising in Crude Market Crude oil had tough days during last week. Russia’s threat to cut gas import to Europe, a missile attack on Aramco oil terminal and covid resurge resulted in prices over $120 during the week. However, Brent closed at $116.05 and WTI closed at $112.64 on Friday’s last trading session. Fundamentals are mixed but they mostly... https://infinitygalaxy.org/report/weekly-bitumen-report-ambiguity-and-confusion-in-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/Raz.jpeg Weekly Bitumen Report: Ambiguity and Confusion in the Market During the last week, the bitumen market faced frequent ups and downs. On 18 March 2022, while crude oil stood at the level of 106 US dollars, in less than one week and till 24 March 2022, it reached 119 US dollars. Such a severe increase after the fall of 11% made the market more... https://infinitygalaxy.org/report/high-demand-vs-tight-supply-of-recycled-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/B-1.jpg High Demand vs. Tight Supply of Recycled Oil Iran's Nowruz holiday has started on March 20; therefore, companies stopped their production about 10 days ago. Due to delivery schedule problems, the price has gone up and the issues seem to continue until the first week of April. Base oil prices reacted to the volatility of energy and oil markets. Prices have been evoked... https://infinitygalaxy.org/report/weekly-oil-report-is-crude-preparing-for-another-rally/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/crude-oil-21-March.jpg Weekly Oil Report: Is Crude Preparing for Another Rally? Oil prices set back in the middle of the last week due to the calmer situation of the war and a sudden sentiment for the increasing supply and rising interest rates of the US. The prices even touched below $100 but on the last session of the market, Brent closed at $105.75 and WTI touched... https://infinitygalaxy.org/report/weekly-bitumen-report-the-parallelism-of-crude-oil-and-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/IMG-20181226-WA0031-e1697456138812.jpg Weekly Bitumen Report: The Parallelism of Crude Oil and Bitumen Price Within the last week, the start of negotiations between Ukraine and Russia about the war modified crude oil price somehow and till the time of preparing this report, the level of crude oil was 106 US dollars. However, the outbreak of a new variant of COVID in China and new lockdowns in some of its... https://infinitygalaxy.org/report/remarkable-augmentation-in-indias-fuel-and-petroleum-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/B.jpg Remarkable Augmentation in India's Fuel and Petroleum Market Markets have been volatile in recent weeks as crude oil prices have risen to around $135 sharply. However, in the last few days, there was a collapse to around $101 and even slipped below $100 in a few hours of Tuesday, March 15th. This downward trend doesn't seem to have an analytical foundation and seems... https://infinitygalaxy.org/report/weekly-oil-report-no-short-term-fix-for-energy/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/crude-oil-14-March-1.jpg Weekly Oil Report: No Short-Term fix for Energy Crude oil had quite a surprising week in which it could see both a bursting surge and dump. It opened at almost $126 at the first of the week and touched over $130. After several positive sentiments for supply, it retreated about 12%, the biggest decline in months. Ultimately, Brent closed at $109.94 and WTI... https://infinitygalaxy.org/report/weekly-bitumen-report-the-shadow-of-war-and-its-unclear-impact-on-the-commodity-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/20220310_221922.jpg Weekly Bitumen Report: The Shadow of War and its Unclear Impact on the Commodity Markets During the last week, the commodity markets in all over the world were strongly under the influence of the Russia-Ukraine war. Imposing the official sanctions against Russia’s oil, gas, and coal by the USA led to the surge of crude oil price up to 135 US dollars. The threat of Russia to stop the export... https://infinitygalaxy.org/report/threats-of-sanctions-on-russian-oil-shocked-the-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/9Mars.jpg Threats of Sanctions on Russian Oil Shocked the Markets With the escalation of the war in Ukraine and the fall of Kherson City, oil prices crossed USD 130 and reached its highest level in ten years. Factors that hit the markets the most are as below: European threats of sanctions on Russian oil US sanctions on Russian oil The departure of international companies from... https://infinitygalaxy.org/report/weekly-oil-report-on-the-brink-of-an-energy-crisis/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/crude-oil-7March-1.jpg Weekly Oil Report: On the Brink of an Energy Crisis Crude strongly surpassed $100 during the first week of March after no sign of weaker demand or increasing supply. Brent closed at $118.04 and WTI reached $115.00 on the Friday session. The high prices are an alarm to countries and governments but OPEC+ members seem to be enjoying as decided to stick with the former... https://infinitygalaxy.org/report/weekly-bitumen-report-the-russia-ukraine-war-and-the-concerns-in-commodity-and-capital-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/btrep.jpg Weekly Bitumen Report: The Russia- Ukraine War and the Concerns in Commodity and Capital Market The financial and commodity markets of the world experienced a turbulent week, filled with unpredictable fluctuations. Some of the global economists believe that it is probable to face another wave of inflationary stagnation in the world. Considering the current week's economic situation, it seems that the economic growth of Europe and the rate of production... https://infinitygalaxy.org/report/the-base-oil-and-lubricant-market-react-to-ukraine-invasion/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/03/Baseoilrepot54.jpg The base oil and lubricant market react to Ukraine invasion Russia's invasion of Ukraine last week was the headline of the news, and it is likely that this trend will dominate the market for a while. For the first time since 2014, after Russia's invasion of Ukraine, crude oil prices hit a multi-year high and Brent crude hit more than $100 a barrel. freight charges... https://infinitygalaxy.org/report/weekly-oil-report-worlds-nightmares-come-true/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/crude-oil-28Feb.jpg Weekly Oil Report: World’s Nightmares Come True Oil price surpassed $100 during last week, and Brent exceeded $102.07 as the highest price of oil since 2014. Russia's invasion of Ukraine prompted the prices aggressively; however, prices retreated to 90 gradually. Brent closed at $94.13 and WTI got to $91.92 on the last session of Friday. The turbulent situation has entangled the decisions... https://infinitygalaxy.org/report/weekly-bitumen-report-will-bitumen-skyrocket-as-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/20220224_212103-2.jpg Weekly Bitumen Report: Will Bitumen Skyrocket as Crude Oil? The week started with the news about the pullback of 7,000 Russian troops from the Ukraine border and it lowered crude oil price up to 92 US dollars. But in the last 2 days, more authentic news was announced about Russia’s attack and finally, it came true on midnight of Thursday. As a result of... https://infinitygalaxy.org/report/intricacy-in-base-oil-and-recycled-base-oil-supply/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/Green-and-White-Zero-Waste-Living-Education-Presentation.jpg Intricacy in Base Oil and recycled Base Oil Supply The market for base oil and recycled base oil is facing insurmountable supply problems. The global base oil industry is also facing challenges. Refineries are unable to meet their planned commitments due to high demand. Prices inevitably continue regularly every month or two months by some vendors. Currently, the FOB price of recycled base oil... https://infinitygalaxy.org/report/weekly-oil-report-crude-falls-back-as-war-possibility-recedes/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/crude-oil-21Feb.jpg Weekly Oil Report: Crude Falls Back as War Possibility Recedes Oil prices declined after 9 weeks of consecutive growth after lower war possibilities and supply expectations. Brent oil closed at $91.66 and WTI fell to $92.00 on Friday trading session. Iran nuclear negotiations had a strong effect on the oil decline. After months of negotiations, Iran seems close to having an agreement with the US.... https://infinitygalaxy.org/report/weekly-bitumen-report-the-variety-of-crises-and-growing-trend-of-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/IMG-20220214-WA0095.jpg Weekly Bitumen Report: The Variety of Crises and Growing Trend of Bitumen Price Different international crises were affecting the bitumen market during the last week. The crisis in Ukraine and the possibility of a military attack by Russia that is still a potential threat let the oil price get stable in the channel of 90 US dollars and even occasionally it touched the level of 95 US dollars... https://infinitygalaxy.org/report/production-deficits-of-base-oil-and-lubricant-exacerbates/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/VideoCapture_20220216-113917.jpg Production Deficits of Base Oil and Lubricant Exacerbates Low global inventories and limited surplus production capacity have pushed up crude oil prices in the short term. The world's total crude oil reserves are at a very low level. Forecasts show that oil prices increase to above USD 100 seems inevitable. Activities in Asian countries have intensified and everyone has returned to the market.... https://infinitygalaxy.org/report/weekly-oil-market-tight-supply-evoking-the-price-again/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/crude-oil-14feb.jpg Weekly Oil Market: Tight Supply Evoking the Price Again The 2nd week of February started a little dull for crude because of more possibility of the nuclear agreement of Iran and the US and more supply. But the market sentiment changed due to OPEC underproduction and war possibilities on Friday. Brent closed at $93.57 and WTI surpassed Brent to $93.88 on the last trading... https://infinitygalaxy.org/report/weekly-bitumen-report-will-the-record-breaking-of-bitumen-price-continue/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/IMG-20210503-WA0060-1-1.jpg Weekly Bitumen Report: Will the record-breaking of Bitumen Price Continue? Within the last one week, crude oil got stable in the range of 90 US dollars. Although some of the clients were expecting a fall in crude prices, some factors like the short 16-minute meeting of OPEC and its unwillingness to increase the production, the crisis of the probable war between Ukraine and Russia as... https://infinitygalaxy.org/report/unexpected-demand-growth-in-base-oils-and-lubricants/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/9feb.jpg Unexpected Demand Growth In Base Oils and Lubricants  Enduring tensions over Russian military reinforcements along Ukraine's borders have disrupted the supply of products and raw materials. Crude oil prices have also advanced amid concerns about a Russian invasion of Ukraine. Brent and WTI exceeded $90. Meanwhile, the Omicron strain of COVID-19 appears to be recovering despite the availability of vaccines. Different countries are... https://infinitygalaxy.org/report/weekly-oil-report-the-shortest-opec-meeting-pushed-prices-above-90/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/crude-oil-7Feb.jpg Weekly Oil Report: The Shortest OPEC+ Meeting Pushed Prices Above $90 Crude oil rose above $90 during the first week of February. WTI and Brent gap narrowed as the market become tighter. Finally, Brent closed at $91.99 and WTI got to $91.95 on Friday, 4th February. Bullish factors of the market are almost getting stronger than before which is causing more growth. Geopolitical tensions, tight supply... https://infinitygalaxy.org/report/weekly-bitumen-report-the-stormy-january-of-the-market-and-continuity-of-its-record-breaking-in-feb-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/InfinityGalaxy-Bitumen-133.jpg Weekly Bitumen Report: The Stormy January of the Market and Continuity of its record-breaking in Feb. 2022 The best monthly performance of crude oil with a growth of 17% was observed since February 2021. However, the global index of Brent was closed at higher than 91 US dollars on the last day of January 2022 which can be considered the highest productivity of Brent in the last 30 years. The reason for... https://infinitygalaxy.org/report/the-wild-beginning-of-february-along-with-a-sharp-rise-of-rates/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/02/IMG-20220125-WA0059.jpg The Wild Beginning of February Along with a Sharp Rise of Rates February, as predicted in previous reports, started with a sharp rise in oil prices. Markets of base oils and lubricants faced many issues during last week: Supply chain problems with increasing Omicron cases Reduction of labor and raw materials Political tensions in different parts of the world A sharp and unprecedented increase in crude oil... https://infinitygalaxy.org/report/weekly-oil-report-crude-rally-speeds-up/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/crude-oil-32Jan.jpg Weekly Oil Report: Crude Rally Speeds Up Brent rocketed through $90 in the last week of January, the price that it could not regain since 2014. Although the break was short and unstable, it reinforced the $100 forecast along with supply disruptions. Brent closed at $88.66 and WTI closed at $87.24 on the final trading session of Friday. Geopolitical risks are still... https://infinitygalaxy.org/report/weekly-bitumen-report-the-lights-of-an-increasing-bitumen-market-are-on/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/IMG-20220123-WA0111.jpg Weekly Bitumen Report: The Lights of an Increasing Bitumen Market are ON! Crude oil started the week at the level of 86 US dollars and till the time of preparing this report, it reached 89 US dollars. Although on Tuesday it dropped around 1 US dollars up to 85 US dollars, the analysts of the oil market do not forecast any sign or risk on the fall... https://infinitygalaxy.org/report/geopolitical-impacts-on-the-base-oil-and-lubricant-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/IMG-20220125-WA0057-1.jpg Geopolitical Impacts on the Base Oil and Lubricant Market Uncertainty over future political events will have a profound effect on trade and business around the world. Asia's base oil market’s players appear to be on hold. As the risk of a military conflict between Russia and Ukraine rises, energy prices are skyrocketing in Europe. This invasion has obvious effects on all physical markets. Base... https://infinitygalaxy.org/report/weekly-oil-report-geopolitical-tensions-driving-crude-higher/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/oil-24Jan.jpg Weekly Oil Report: Geopolitical Tensions Driving Crude Higher The market slowed down last week after the fearful starting days of the week. The increasing US oil inventory lit up the idea that the growth pace might have been fast. The two benchmarks, Brent and WTI, closed at $86.76 and $84.76 on Friday. But doubts did not last long. Tensions in Eastern Europe and... https://infinitygalaxy.org/report/weekly-bitumen-report-will-the-record-of-bitumen-price-in-november-2021-be-broken/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/IMG-20220120-WA0123.jpg Weekly Bitumen Report: Will the Record of Bitumen Price in November 2021 be broken? Observing last week's happenings, maybe it can be said that now the main concern of traders and importers is whether the bitumen price will touch the same price level of Nov. 2021. The tournament of crude oil seems to continue non-stop and brent touched its highest level after the attacks on the outskirts of Abu... https://infinitygalaxy.org/report/the-turning-point-of-base-oil-and-lubricant/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/VideoCapture_20220119-110635.jpg The Turning Point of Base Oil and Lubricant The base oil market was almost steady last week and might find more stability in the next few days. The conditions of the base oil market have been better than the same time last year when there was a shortage of production and a sharp rise in prices. With growing tensions in the Middle East... https://infinitygalaxy.org/report/weekly-oil-report-crude-surged-ignoring-china-attempts-to-stop-it/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/oil-17Jan.jpg Weekly Oil Report: Crude Surged Ignoring China Attempts to Stop It Supply constraints and dollar weakness stimulated crude oil by over 6% during the week. Brent closed at $85.66 and WTI got to $84.39 on the Friday session. Geopolitical risks led to more gains. The price is likely to remain above $80 for the rest of the week. China tried to kill the crude oil rally... https://infinitygalaxy.org/report/weekly-bitumen-report-the-turbulent-market-is-surprising-its-role-players/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/Infinity-Article.jpg Weekly Bitumen Report: The Turbulent Market is Surprising its Role Players On 31st Dec. 2021 and when such a volatile market was not expected, Infinity Galaxy correctly predicted the calm before storm and on 7th Jan. 2022, it was also reported that the whole determining factors of bitumen price are in line with each other and the only unknown factor can be the effect of COVID-19... https://infinitygalaxy.org/report/the-markets-wakes-from-hibernation/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/12JanReport.jpg The Market Wakes from Hibernation Crude oil persists to rise despite pledges from OPEC+ and other major producers to increase supply and control crude prices. crude increased around 4$ compared to the end of 2021. The price trend of base oil and lubricant products appeared to grow at the start of 2022. Rising prices for crude oil and raw materials... https://infinitygalaxy.org/report/weekly-oil-report-gains-following-supply-uncertainty/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/oil-10Jan.jpg Weekly Oil Report: Gains Following Supply Uncertainty Crude price gain amused many market participants for the third week. Brent and WTI managed to grow by over 5% during the week. Finally, Brent closed at $81.34 and WTI closed at $78.85 on Friday, 7 January. Technically, the price is strong enough to stay above $80 for a while. The market can face better... https://infinitygalaxy.org/report/weekly-bitumen-report-factors-affecting-bitumen-price-are-in-line-to-see-an-upward-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/IMG-20220106-WA0004.jpg Weekly Bitumen Report: Factors Affecting Bitumen Price are in Line to See an Upward Market As it was mentioned in last week report of Infinity Galaxy, the New Year started with a calm before the storm. Although many of the readers did not agree with this prediction, it came true by frequent and heavy competitions among the refineries, surge of oil price, and other factors that will be discussed here.... https://infinitygalaxy.org/report/base-oil-lubricants-and-caustic-soda-prices-moving-further/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/22-01-05-11-35-34-274_deco.jpg Base Oil, Lubricants and caustic soda Prices Moving Further Since January, the oil price has reached about $79. The reasons for the increase are as follows: Every year, the market faces the new year holidays with a lower volume of trades that can change the price for a while Oil demand expectations have risen for the new year. OPEC has still stuck with the... https://infinitygalaxy.org/report/weekly-oil-report-tighter-supply-and-omicron-concerns/ https://infinitygalaxy.org/wp/wp-content/uploads/2022/01/oil-3Jan.jpg Weekly Oil Report: Tighter Supply and Omicron Concerns Finally, 2022 is here and many countries are in their Christmas holidays. Stock markets and banks were almost closed as well; therefore, market activities and trade volumes were not as normal days. Crude oil started the year with gains that were stimulated by the supply cuts of Libya ahead of the OPEC+ meeting. Brent opened... https://infinitygalaxy.org/report/weekly-bitumen-report-the-fragile-stability-of-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/InfinityGalaxy-61.jpg Weekly Bitumen Report: The Fragile Stability of the Market Within the last one week, the market experienced fragile stability due to lack of demand and hence, prices were dropped by some of the suppliers while significant competition was observed among the refineries. In an overall look, the market was under the influence of the below factors in the recent days of 2021: Competition on... https://infinitygalaxy.org/report/the-calm-market-waiting-toignite-again-in-2022/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/rep29Dec.jpg The calm market waiting to ignite again in 2022 The base oil market has been slow over the past few days, as many operations have either been shut down or were operating slowly during the Christmas and New Year periods. There weren't any signs of price movements in the market, and most levels remained the same from the last report. However, there are some... https://infinitygalaxy.org/report/weekly-oil-report-holidays-and-lockdowns-ruling-over/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/Oil-27Dec.jpg Weekly Oil Report: Holidays and Lockdowns Ruling over Christmas is here and crude oil finished the year in the same range as last two weeks. Holidays got markets into sleep in many countries. Brent started Monday’s market at $75.75 and WTI began with $73.72 and climbed slightly down. The downtrend is not over yet with the negative sentiment of Omicron and demand fall.... https://infinitygalaxy.org/report/weekly-bitumen-report-fears-and-hopes-of-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/razieh-1.jpg Weekly Bitumen Report: Fears and Hopes of the Market The world is struggling with the latest variant of COVID-19, Omicron. It has affected lifestyles, businesses, economies, etc. The commodity market is not an exception as well. There is not any clear estimation of the market trend. Currently, lockdowns have been reapplied in some European countries. Implementation of lockdowns in more regions can be expected.... https://infinitygalaxy.org/report/base-oil-lubricants-and-caustic-soda-trend-in-the-last-days-of-2021/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/21-12-22-15-01-07-358_deco.jpg Base Oil, Lubricants and caustic soda Trend in the Last Days of 2021 In the remaining days of 2021, crude oil prices have fluctuated between $70 and $76. It looks like 2021 will end with the same price range. The base oil and recycled base oil transactions are slower than the same time last year and the first half of this year. Here are some of the reasons:... https://infinitygalaxy.org/report/weekly-oil-report-crude-slides-under-pressure-of-omicron/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/oil-20Dec.jpg Weekly Oil Report: Crude Slides Under Pressure of Omicron Getting closer to the end of 2021, crude oil is still under $75, as we mentioned in last week report on Monday. The market is full of fears of the new variant of covid once again. On Friday, Brent and WTI closed at $72.78 and $70.35 at the end of the session. They also started... https://infinitygalaxy.org/report/weekly-bitumen-reports-dynamic-market-possibility/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/16dec.jpg Weekly Bitumen Report: Dynamic Market Possibility Last week market was almost turbulent under the influence of the perpetual determining factors: With the spread of the Omicron variant in Europe, gradual lockdowns appeared in different countries as a result of a quick outbreak. However, the deaths rate has not been much higher. Oil price was fluctuating in the channel of 72-76 US... https://infinitygalaxy.org/report/hazy-markets-of-base-oil-and-lubricant/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/recycles.jpg Hazy Markets of Base Oil and Lubricants Base oil prices are experiencing calm this week across Europe, the Middle East and Africa. The Omicron variant of the coronavirus has reduced activity in markets around the world. Many countries are trying to prevent the spread of new species with new restrictions and temporary quarantines. Uncertainties continue to affect consumers' buying interests. Due to... https://infinitygalaxy.org/report/weekly-oil-report-2021-the-year-of-uncertainties-and-doubts/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/oil-13Dec.jpg Weekly Oil Report: 2021, the Year of Uncertainties and Doubts Crude got the chance to gain around 9% last week after news about the low risks of Omicron. Brent closed at $74.96 and WTI closed at $71.94 on Friday, 13 December. The current zone of crude seems to be dominating for the last days of 2021. Financial Market participants expected stronger economic reports during last... https://infinitygalaxy.org/report/weekly-bitumen-report-will-the-market-stick-to-its-current-stable-position/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/IMG-20210307-WA0051.jpg Weekly Bitumen Report: Will the Market Stick to its Current Stable Position? Last week was replete with numerous incidents, with fears and hopes! The price of vacuum bottom dropped by about 17 US dollars in the latest announcement of the IME. Simultaneously, some refineries like Isfahan, Tehran, and Bandar Abbas competed on VB around 4-11%. As a result of failure in the nuclear negotiations, US dollar value... https://infinitygalaxy.org/report/will-2021-end-with-an-inflamed-market-for-base-oil-and-lubricant/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/IMG-20211127-WA0099.jpg Will 2021 end with an inflamed Market for base oil and lubricant? Last week, there was some uncertainty in the market for base oils and lubricants due to infection of the new Corona variant, named Omicron which was discussed in this article. Many countries closed their borders and imposed travel restrictions to reduce the spread of the mutated virus. This situation and OPEC+'s decision to increase the... https://infinitygalaxy.org/report/weekly-oil-report-opec-soothed-the-tensions/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/oil-6Dec-1.jpg Weekly Oil Report: OPEC Soothed the Tensions Crude was still under negative sentiments during the last week of November. Falling by about 10%, Brent closed at $69.56 and WTI touched $66.39 at the end of the trading session of Friday. OPEC confidently approved the increase of supply for January 2022. On the start session of Monday, the market opened above the closed... https://infinitygalaxy.org/report/weekly-bitumen-report-the-storm-of-omicron-is-leading-the-commodity-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/2DecReport.jpg Weekly Bitumen Report: The Storm of Omicron is Leading the Commodity Markets During the last week, all of the factors determining bitumen prices significantly affected each other compared to the previous weeks and it resulted in the severe fall of bitumen prices and it can be stated that it was devalued around 15% in the last month. The dynamic variables of this unprecedented fall can be mentioned... https://infinitygalaxy.org/report/omicron-variant-resurge-brings-markets-turmoil-and-confusion/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/12/20211125_190155.jpg 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 partners. Infinity Galaxy was proud to be among Indian friends and customers. In recent days, the trend of rising prices was stopped by the unexpected news of a new variant... https://infinitygalaxy.org/report/weekly-oil-report-covid-helped-biden-with-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/crude-oils.jpg 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 the plunge. Brent was closed at $71.65 and WTI Fell to $68.16 on Friday. The sharp falling movement and closing under the relative support might indicate more decrease during the... https://infinitygalaxy.org/report/weekly-bitumen-report-confusion-of-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/25NovReport.jpg Weekly Bitumen Report: Confusion of Market The current week's report was prepared after the latest conference of Rex Fuels' Bitumen and Bitumen Modification in Taj Palace, New Delhi. Infinity Galaxy as the exhibitor of the conference could attend the event to meet all the valued clients and give the speech on the latest status of the bitumen market. It seems that... https://infinitygalaxy.org/report/base-oil-and-caustic-soda-still-have-bright-future/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/24NOV.jpg Base oil and Caustic Soda Still Have Bright Future We are preparing Infinity Galaxy’s base oil and lubricant market review while we are getting ready for the AME Conference in beautiful Delhi, India. Tomorrow, Infinity Galaxy stands as one of the exhibitors at the Rex fuels' bitumen and modification bitumen conference. We are all honoured to have Shri Nitin Jairam Gadkari, Ministry of Road... https://infinitygalaxy.org/report/weekly-oil-report-situation-turns-against-crude-rally/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/crude-oil.jpg 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 $75.64 at the end of the market on Friday. The gap between Brent and WTI has slightly increased again. Technically, the price has not passed over the critical $76... https://infinitygalaxy.org/report/weekly-bitumen-report-transportation-issues-the-main-concern-of-current-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/bitumenRep.jpeg Weekly Bitumen Report: Transportation Issues, the Main Concern of Current Market Within last week, the rally of competitions continued among the refineries. The minimum and maximum percentages of the competitions were 14.64% in Tabriz and 43.57% in Bandar Abbas. On 16th November, the Indian refineries increased bitumen price by 57 US dollars per ton. Demands also seem to be recovering as many pending projects need to... https://infinitygalaxy.org/report/chaos-continues-to-confuse-traders/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/baseoilReport-1.jpg Chaos Continues to Confuse Traders In some parts of Europe, the Middle East, and Africa, demand is strong for base oil, while it is slowing down in some other countries as usual at this time of year. In recent weeks, oil was fluctuating between $80 - $85. This could be due to declining demand and the need to reduce inventories... https://infinitygalaxy.org/report/weekly-oil-report-hesitations-lingering-in-the-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/crudeoilReport.jpg 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 and WTI at $80.82 on Friday. Although bearish factors have mounted, options traders are still betting on higher prices around $250. It is vividly clear for every market participant... https://infinitygalaxy.org/report/weekly-bitumen-report-the-waves-of-prices-are-still-upward/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/nov11.jpg Weekly Bitumen Report: The Waves of Prices are still Upward On 7 November 2021, the rate Iran vacuum bottom dropped around 6% considering fall of fuel and the bitumen market experienced a temporary fall of rates up to 25 US dollars but from 8 November 2021 and from the first supply of vacuum bottom by IME, frequent competitions happened during the weeks in different levels... https://infinitygalaxy.org/report/failure-of-expectations-for-lower-recycled-base-oil-rates-despite-fuel-reduction/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/baseoilReport.jpg Failure of Expectations for Lower Recycled Base Oil Rates Despite Fuel Reduction Fuel prices remained unchanged for the sixth day following the tax cuts in Indian states and the sharp reduction of petrol and diesel prices. Global crude oil prices have once again hit a three-year high and reached more than $ 85. OPEC+ decision to gradually increase production in December might push up crude oil prices... https://infinitygalaxy.org/report/weekly-oil-report-bullish-and-bearish-aspects-of-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/oil-7Nov.jpg 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 $81.34 on Friday. Technically speaking, the chart is still on an uptrend and there is strong resistance at $79. There are both bullish and bearish factors on the market.... https://infinitygalaxy.org/report/weekly-bitumen-report-chaos-of-market-under-the-influence-of-oil-demand-and-competitions/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/IMG_9964.jpg Weekly Bitumen Report: Chaos of Market under the Influence of Oil, Demand, and Competitions Within the last week, the market was stormy by the beginning of the week and the IME observed 22% competition on VB by Bandar Abbas refineries but after that, a downward trend was observed on VB competition that can be contributed to the start of Diwali in India, rejection of FOB price of 500 US... https://infinitygalaxy.org/report/base-oil-and-lubricant-markets-affected-by-various-changes/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/recycle-3Nov.jpg Base Oil and Lubricant Markets Affected by Various Changes Last week, major changes happened in the market of base oil and lubricants, including the following: Oil prices continued to break records of past seven years. OPEC decisions will be decisive at the meeting on November 4. Some sources predict that the decision won't increase supply by OPEC and will keep prices stable in 83-84$... https://infinitygalaxy.org/report/weekly-oil-report-fundamentalists-are-still-in-fond-of-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/11/oil-1Nov.jpg 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 gains. Therefore, fundamentalists are not much worried about Brent closing at $83.28 and WTI at $83.28 on the last session of the Market. On Monday, prices fell again after... https://infinitygalaxy.org/report/weekly-bitumen-report-record-breaking-bitumen-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/new-report.jpg Weekly Bitumen Report: Record Breaking Bitumen Prices Within the last week, the market of bitumen was affected by considerable changes. The severe competitions on vacuum bottom, the stability of oil price in the channel of 85 and too much demand to purchase bitumen caused the FOB price of Bandar Abbas to exceed more than 475 US dollar per ton in less than... https://infinitygalaxy.org/report/sharp-price-increase-has-evoked-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/recycle-27Oct.jpg Sharp Price Increase Has Evoked the Market Various factors have affected the market last week. changes in the base oil, lubricant, and recycled base oil market were mixed up. While some grades had increased, some fell or got out of the competition. Demand is rising, especially from the Indian market. Fuel prices in this country are rising steeply, which is further due... https://infinitygalaxy.org/report/weekly-oil-report-slight-hesitation-crawling-to-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/crude-oil.jpg 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 first of the week, Brent closed at $84.68 and WTI closed the week at $84.15 on Friday. However, it does not exactly mean the end of the rally. Reports... https://infinitygalaxy.org/report/weekly-bitumen-report-global-surge-of-bitumen-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/21-oct.jpg Weekly Bitumen Report: Global Surge of Bitumen Price As reported by Infinity Galaxy on Monday, oil price experienced another growing week and succeeded to reach near 85 US dollar. At the time of preparing this report, Brent crude oil stopped at the level of 84 US dollar which is a new record. Based on technical analyses, oil dealers have predicted oil price will... https://infinitygalaxy.org/report/stable-lubricant-and-base-oil-market-with-the-chance-of-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/recycle-20-oct.jpg Stable Lubricant and Base Oil Market with The Chance of Growth Significant consequences of the Covid-19 epidemic continue to affect the markets of base oils, lubricants and recycled oil. Demand in the market has not yet recovered and oil products, especially fuel, have not been much attractive. In the base oil market, production has been restricted due to limited raw materials. Meanwhile, most refineries in the... https://infinitygalaxy.org/report/weekly-oil-report-energy-crisis-worsens-along-crude-rapid-rise/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/oil-18Oct.jpg 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 the week at $84.24 and WTI could get to $82.47 on Friday. On Monday, the market continued the rising path. At the time of writing the report, Brent achieved... https://infinitygalaxy.org/report/weekly-bitumen-report-market-experiencing-the-firsts/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/Galaxy.jpg Weekly Bitumen Report: Market Experiencing The Firsts As it was reported in the last 4 articles of Infinity Galaxy, the market has been experiencing a continuous price rise. Therefore, we suggested the strategy of investment based on market trends. For the first time in the last 7 years, crude oil got almost stable in the level of 80 US dollar and no... https://infinitygalaxy.org/report/india-shocked-the-market-by-ceasing-the-shipping-from-several-origins/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/recycle-13Oct.jpg India Shocked the Market by Ceasing the Shipping from Several Origins The price of recycled base oil and lubricant peaked in the first half of the year due to declining production and high demand. Last week, while production continued to rise, demand levels were moderated. Downward pressure on prices remains but they are looser after the sharp rise in oil prices due to the OPEC+ decision... https://infinitygalaxy.org/report/weekly-oil-report-reasons-of-crude-price-rebound/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/oil-11Oct.jpg 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 reduce the oil sharp growth, OPEC did not consent to boost production significantly. After the meeting, Brent took back the three-year high and closed at $82.05 On Friday. WTI... https://infinitygalaxy.org/report/bitumen-weekly-report-shadow-of-demand-on-the-golden-days-of-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/Bitumen-7Oct.jpg Bitumen Weekly Report: Shadow of Demand on the Golden Days of Market Infinity Galaxy expectations regarding the reasons behind a flourishing market in last week's report came true. A stormy and absolutely active market was observed during the week. Crude oil touched $83 on Monday as a result of OPEC+ decision to stick to its plan to increase its collective crude production quota by 400,000 b/d next... https://infinitygalaxy.org/report/expectations-for-a-rise-of-recycled-oil-after-the-sudden-reduction/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/base-oil-report.jpg Expectations for a Rise of Recycled oil After the Sudden Reduction The price of base oil and lubricant has been steady in the last week, unlike expectations. Meanwhile, oil prices continue to rise sharply. This increase in oil prices will also increase the initial costs of producing base oil. Oil prices are expected to rise by the end of 2021. The OPEC agreement on the previous... https://infinitygalaxy.org/report/caustic-soda-market-report/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/caustic.jpg Caustic Soda Market Report What is going on in the Eastern Caustic Soda markets? China's electricity rationing problem persists, and over the last week, the price of Caustic Soda has increased by between $ 7 and $ 15 per day in China (most notably in North and East China). There is little indication that this trend will reverse in... https://infinitygalaxy.org/report/weekly-oil-report-crude-waiting-for-opec/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/10/oil-4Oct.jpg 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 WTI took over $75.72 on Friday. The market situation has both strong bullish and bearish sentiments. Bulls of the market still believe that prices will hike as the dollar... https://infinitygalaxy.org/report/weekly-bitumen-report-the-powerful-return-of-market-after-monsoon/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/bitumen-30Sep.jpg Weekly Bitumen Report: The Powerful Return of Market after Monsoon By the end of monsoon season in 2021, all the potential components of the market let the prices grow and as it was reported last week, the market got ready for a significant jump. Thus, during 23- 30Septemebr, by the increase of transportation costs, Iran increased its bitumen price about 7.07% in one step and... https://infinitygalaxy.org/report/base-oil-recycled-oil-and-lubricants-outlook-following-the-unprecedented-rise-of-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/recycleoil.jpg Base Oil, Recycled Oil, and Lubricants Outlook Following the Unprecedented Rise of Crude While vaccination is expanding in many countries and governments are easing corona restrictions, oil is rising to the $80 range. Goldman Sachs predicts that oil prices will get to $90 by the end of 2021. Here are several reasons for the hike: Disruption of oil supply in the world market Demand growth due to the... https://infinitygalaxy.org/report/caustic-soda-market-review/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/Caustic-Soda.jpg Caustic Soda Market Review Sharp increase in global Caustic Soda price and DG Cargo freight While the Caustic Soda market in the Western markets remained stable this week, with US and European prices remaining almost unchanged, Eastern markets were in a state of chaos. The prices of Caustic Soda Flakes and Pearls have increased by $ 60 per ton... https://infinitygalaxy.org/report/weekly-oil-report-crude-appeared-determined-to-rise/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/27-sep.jpg 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 overvalued at the stated levels. Ultimately, Brent closed at $76.99, and WTI touched $73.96 at the end of the trading session of 24 September. Crude closed the third week... https://infinitygalaxy.org/report/weekly-bitumen-report-optimism-and-price-increase-after-a-period-of-recession/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/bitumen-report.jpg Weekly Bitumen Report: Optimism and Price Increase after a Period of Recession As it was mentioned in last week's report of Infinity Galaxy, the market of bitumen is completely dynamic following the trend of the price increase. Also, it was reported that India cut down bitumen price by about 700 INR on 15 September, but it will be a temporary and fragile fall that will be replaced... https://infinitygalaxy.org/report/soaring-freights-shocked-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/Recycle-oil-report-scaled-1.jpg Soaring Freights Shocked the Market Last week, natural disasters disrupted the export and import schedules. Hurricane Ida caused severe power outages that disrupted the normal operation of ports and terminals. It delayed the shipping procedures. Many plants faced shortages of raw materials for the production of synthetic lubricants, which were exacerbated by shortages of additives and other chemicals. Energy companies... https://infinitygalaxy.org/report/weekly-oil-report-price-stability-of-oil-and-factors-influencing-its-upward-trend/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/20-September.jpg 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 September 20. The maintenance of this price over the past week indicates that the world economic situation is improving. On the other hand, the number of Corona cases around... https://infinitygalaxy.org/report/weekly-bitumen-report-dynamic-market-in-the-shadow-of-vaccines-and-crude/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/16-sep-bitumen.jpg Weekly Bitumen Report: Dynamic Market In the Shadow of Vaccines and Crude Within the last week, crude oil followed its upward trend and at the time of preparing this report, it touched the level of 75 US dollars. Bahrain increased its bitumen price by $20 once again and stopped at $425 per ton, and generally, a surge of $40 was observed in its bitumen prices during two... https://infinitygalaxy.org/report/china-mega-storm-and-general-rate-increase-changing-the-game/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/recycle-15Sep-scaled-1.jpg China Mega Storm and General rate increase Changing the Game In addition to all the unpredictable events that have plagued businesses and traders, natural disasters have also hit the market in recent weeks. Rather than affecting the oil market and prices, these events have turned shipping operational disarray into a disaster. As we mentioned in last week's report, Hurricane Ida made some markets volatile while... https://infinitygalaxy.org/report/weekly-oil-report-hopes-are-still-keeping-the-market-bullish/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/oil-12Sep.jpg Weekly Oil Report: Hopes Are Still Keeping the Market Bullish Crude price bounced back during the last three weeks after stronger hopes for a steadier market and demand. Last week, oil fluctuated in the range of $ +2 / -2 as we expected. With a growth of about 2.5%, Brent could close at $73.34 and WTI got to $69.58 on the last seconds of the... https://infinitygalaxy.org/report/bitumen-weekly-report-market-tendency-to-increase-in-near-future/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/bitumen-9Sep.jpg Bitumen Weekly Report: Market Tendency to Increase in Near Future The market of bitumen in India had a slow flow within the last week due to the factors like devaluation of Indian Rupees against the US Dollar and less demand. Therefore, buyers expect a drop in rates in other countries such as Iran. Here are several facts opposing such expectation: Increase in crude oil rate... https://infinitygalaxy.org/report/expectations-for-price-reductions-failed/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/recycleoil-report-8-sep.jpg Expectations for Price Reductions Failed In recent weeks, there have been developments in the oil and lubricant market that did not last long. At the beginning of the week, due to the fall in oil prices, the recycled oil price tended to fall. Even though, the recycled base oil SN 150 FOB price fell to around $680. Since Monday, Pfizer... https://infinitygalaxy.org/report/weekly-oil-report-the-vicious-cycle-of-covid-and-economic-transformations/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/oil-6Sep.jpg Weekly Oil Report: The Vicious Cycle of Covid and Economic Transformations Crude succeeded to rise a bit higher in the first week of September. However, the rise was not significant due to several incidents, including the oil spill of the Ida hurricane in the Gulf of Mexico and a variant of interest of covid. The crude ended Friday with Brent at $72.05 and WTI at $69.20.... https://infinitygalaxy.org/report/weekly-bitumen-report-growing-hopes-tame-covid-fears/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/09/bitumen-2Sep.jpg Weekly Bitumen Report: Growing Hopes Tame Covid Fears As Infinity Galaxy expected last week, Indian refineries decreased the rates on first September 2021. The fall was confirmed to be almost 8 US dollars. We had also mentioned that by the improvement of vaccination and recovery of oil price, this fall will not last long. It seems rates will follow the upward trend. Within... https://infinitygalaxy.org/report/weekly-oil-report-demand-outlook-overcome-the-delta-crisis/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/oil-30Agu.jpg Weekly Oil Report: Demand Outlook Overcome the Delta Crisis Crude could recover the former fall at the end of August. The fall that was imposed by the fear of the Delta variant of covid settled down after the approval of Pfizer by the FDA. The vaccinations are giving hope to the markets for once more. Therefore, Brent and WTI reacted to their price resistance... https://infinitygalaxy.org/report/weekly-bitumen-report-pfizer-approval-by-fda-survived-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/26-aug-bitumen-report.jpg Weekly Bitumen Report: Pfizer Approval by FDA Survived Crude Oil The last week's assumption of Infinity Galaxy about "any sudden increase/decrease of rates is expected, and we still recommend the “Spot Purchase” as the best applicable strategy in the current market" came true during this week. In Iran, vacuum bottom faced a drop of about 4.9% which was almost neutralised by the implementation of GRI.... https://infinitygalaxy.org/report/the-contest-of-market-new-factors/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/25-aug.jpg The Contest of Market New Factors The Contest of Market New Factors New conditions of the market have changed the fundamentals of the Middle East base oil markets. It seems that new arbitrage opportunities are available in several regions. Supply seems to be growing and demand is weakening during the holiday season. Therefore, product availability has increased in Europe, the Middle... https://infinitygalaxy.org/report/weekly-oil-report-oil-dents-as-covid-and-demand-outlook-slump/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/oil-23Agu.jpg Weekly Oil Report: Oil Dents As Covid and Demand Outlook Slump Market participants experienced disappointing days last week. Oil and fuel resumed the descending pattern all along. Negative sentiments empowered the situation for Brent to drop to $64.41 and WTI to get to $61.92 at the end of the market on Friday. The Brent resistance at $64 has been strong enough to hold the price at... https://infinitygalaxy.org/report/weekly-bitumen-report-vaccination-and-political-transformations-leading-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/bitumen-19Agu.jpg Weekly Bitumen Report: Vaccination and Political Transformations Leading the Market It can be stated that within the last weeks and the next coming weeks, bitumen price is mostly under the influence of international incidents and the outbreak of the Delta Variant rather than the factors of supply and demand. Generally, about 32% of the people all over the world have received their first jabs. India... https://infinitygalaxy.org/report/freights-and-political-changes-triggering-market-outlook/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/recycle-18Agu.jpg Freights and Political Changes Triggering Market Outlook Following the sustained demand, base oil production which has been evolving in recent months has improved the supply of more grades. Suppliers seem to be targeting the export market. The seasonal decrease and rise in the number of coronavirus Delta variant cases act as a barrier to the consumption of base oils and lubricants in... https://infinitygalaxy.org/report/weekly-oil-report-clouds-of-doubts-hovering-over/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/oil-16Agu.jpg Weekly Oil Report: Clouds of Doubts Hovering Over Crude market participants passed a flickering week ended in following the descending trend of Brent and WTI. The global covid condition and demand outlook is now dim for traders. Weekly charts of crude state a powerful uncertainty within the market during the second week of August. On Friday, Brent closed at $69.79 and WTI had... https://infinitygalaxy.org/report/weekly-bitumen-report-time-for-acting-agile/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/report-13agu.jpg Weekly Bitumen Report: Time for Acting Agile During the last week, oil price surprised all the commodity markets by its drop to $68. The main reason of this fall can be attributed to the Delta Variant and lockdowns in the different countries. Due to the existing global inflation and the existing demands of the market, oil price recovered and touched the level... https://infinitygalaxy.org/report/base-oil-and-lubricants-looking-forward-to-a-price-modification/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/recycle-11Agu.jpg Base Oil and Lubricants Looking Forward to a Price Modification The base oil market is getting more balanced than recycled and paraffin oils. The upward trend in prices stopped in June. Finally, the prices of base oil, recycled oil, and lubricant settled at their highest level ever. The situation of Covid-19 in some main markets has led refineries to be more cautious about increasing their... https://infinitygalaxy.org/report/weekly-oil-report-a-surprise-for-crude-traders/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/oil-9Agu.jpg Weekly Oil Report: A Surprise for Crude Traders Crude started disappointingly in August due to the resurgence of Covid in more regions and tensions in the Middle East. Brent closed at $69.94 and WTI fell to $67.97 on the Friday session. The price is showing resistance to $70 prices. Technically, the price of crude is at a critical point which may see lower... https://infinitygalaxy.org/report/bitumen-weekly-report-trade-war-affecting-markets/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/IMG_0845.jpg Bitumen Weekly Report: Trade war Affecting Markets The variant of Delta is breaking out in China and new strict lockdowns are being applied over the country. In some commodities markets, a fall in rates was observed. On the other hand, some countries including Asia-Pacific, Indonesia, Thailand are facing lockdowns as the Delta variant has got severely spread. In the last days of... https://infinitygalaxy.org/report/turbulent-market-for-base-oil-and-lubricants/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/weekly-oil-report.jpeg Turbulent Market for Base Oil and Lubricants After months of severe supply shortages and constant upward price adjustments, the situation of production and supply of base oils has developed. However, with the rising corona infection and the expansion of restrictions, transportation and travel have declined. There are fewer raw materials for the production of recycled base oil. Demand has not fully recovered,... https://infinitygalaxy.org/report/weekly-oil-report-hopes-for-a-steady-crude-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/08/oil-2Agu.jpg Weekly Oil Report: Hopes for a Steady Crude Market Crude had a stable week at the end of July. Brent closed the week at $74.85, and West Texas Intermediate stopped at $73.66 on Friday, succeeding to keep close to Brent price. According to the technical analysis, the price has already stabilized between $70 to $75. We expect a steady market in the mentioned range.... https://infinitygalaxy.org/report/weekly-bitumen-report-flourishing-markets-waiting-ahead/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/bitumen-29July.jpg Weekly Bitumen Report: Flourishing Markets Waiting Ahead Crude oil dominantly ran the market forward during the week. As it was mentioned by Infinity Galaxy on Monday, crude oil fell down to $68 per barrel, but in the next few days, it touched the level of $75 again. This growing trend seems to continue for the time being. By the beginning of the Persian... https://infinitygalaxy.org/report/weekly-oil-report-quick-recovery-gave-hope/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/oil-26July.jpg Weekly Oil Report: Quick Recovery Gave Hope Oil crashed to $65 - $66 during last week after the OPEC decision. As we reported in last week review, the drop was predictable after the inconsistency and uncertainty among traders. Despite the sharp drop of crude, it could revive above $70 gradually. Brent could close the week at $73.36 and WTI ceased at $72.06... https://infinitygalaxy.org/report/covid-changed-traditional-trading-patterns-of-base-oil-and-lubricant/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/recycle-24July.jpg Covid Changed Traditional Trading Patterns of Base Oil and Lubricant The market of recycled base oil, like bitumen and many other petrochemicals, did not experience any major movement. The main reasons might be the market confusion over the OPEC+ decisions, the rise of delta variants of COVID, and uncertainty about the future of oil products. Brent fell below $70 per barrel last week and It... https://infinitygalaxy.org/report/weekly-bitumen-report-confusions-over-oil-and-pandemic/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/bitumen-22July-scaled-1.jpg Weekly Bitumen Report: Confusions Over Oil and Pandemic The market has been acting confusingly after the decision of OPEC to increase production, and the fear of the Delta variant outbreak and its unclear global outcomes. Oil price experienced several ups and downs from 68$ to 72$ within the week. The fluctuations resulted in confusion of buyers in the markets of commodity whether it... https://infinitygalaxy.org/report/weekly-oil-report-calming-the-market-by-supply-boost/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/oil-19July.jpg Weekly Oil Report: Calming the Market by Supply Boost [vc_row][vc_column][vc_column_text]Crude sudden rising movements frightened all the covid-reviving economies and central banks. WTI and Brent could reach a 1-2 year highs during July after the OPEC+ dispute. However, the OPEC+ ministers ultimately agreed on boosting supply last week. The agreement caused several days of the red-colored market for crude. Finally, Brent closed at $72.49 and... https://infinitygalaxy.org/report/weekly-bitumen-report-power-of-crude-and-political-transformation/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/bitumen-15July.jpg Weekly Bitumen Report: Power of Crude and Political transformation [vc_row][vc_column][vc_column_text]Weekly Bitumen Report: Power of Crude and Political transformation Crude oil fluctuated in the channel of $70-$75 during the last week. In the last 250 days, oil price followed an upward trend as well. Based on the technical analysis, the current channel is very strong, and there is no sign of price drop yet. In... https://infinitygalaxy.org/report/weekly-oil-report-fears-of-crude-surge/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/oil-12July.jpg Weekly Oil Report: Fears of Crude Surge [vc_row][vc_column][vc_column_text]OPEC+ meeting ended up in an unsolved dispute with no consensus on the distribution. The group refused to stop the tight output plan while UAE had requested to increase its output. UAE is neglecting a huge proportion of its oil production capacity following the OPEC+ agreement, and it is not satisfied. OPEC’s de facto leader,... https://infinitygalaxy.org/report/weekly-bitumen-report-crude-and-covid-resulted-in-a-vague-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/bitumen-8July.jpg Weekly Bitumen Report: Crude and Covid Resulted In a Vague Market Oil price touched the level of $77 by Wednesday, the highest price within the last three years. It is expected to hit up to $100 as well. Meanwhile, IME increased the vacuum bottom up to $15. It is likely to rise more in the next half of the month. Based on some received reports, some... https://infinitygalaxy.org/report/supply-shortage-and-soaring-petrochemical-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/recycle-oil-8-jul.jpg Supply Shortage and Soaring Petrochemical Prices The base oil market has undergone a complex situation in the Middle East, Europe, and Africa during the previous weeks. In contrary to the former meetings of OPEC, the allies could not reach a consensus on the supply plans. Disagreements were imposed by Saudi Arabia and the UAE. Experts believe that oil prices may surge... https://infinitygalaxy.org/report/weekly-oil-report-crude-demand-motivating-suppliers/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/oil-5July.jpg Weekly Oil Report: Crude Demand Motivating Suppliers [vc_row][vc_column][vc_column_text]Crude continued the rally over the first week of July. The OPEC controversy caused a bit of fluctuation on Friday, but it did not stop the trend. Ultimately, Brent closed the week at $75.71, and WTI succeeded to decrease the gap with Brent by getting to $75.10. Crude oil price seems stabilized over $70. UAE... https://infinitygalaxy.org/report/weekly-bitumen-report-market-rising-approach-amid-unstable-rates/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/07/bitumen-1july.jpg Weekly Bitumen Report: Market Rising Approach Amid Unstable Rates During the last week, the dollar value rose against Rial. Professional economic analysts predict a range of 210,000 to 230,000 Rial for a dollar. As a result of this hike, the buyers were looking for lower offers in the market. The Iranian refineries competed on the base price of VB up to 12% in Tehran.... https://infinitygalaxy.org/report/weekly-oil-report-crude-and-petrochemicals-amused-traders/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/oil-28June.jpg Weekly Oil Report: Crude and Petrochemicals Amused Traders [vc_row][vc_column][vc_column_text] The crude oil market amused traders in the last week of June by reaching pre-pandemic levels. Brent closed the week at $75.11 and WTI soared to $73.97. We did not have any market mover news during the week; therefore, the oil kept moving on. The purchasing power is nearly weak at the moment. Accordingly,... https://infinitygalaxy.org/report/weekly-bitumen-report-iran-election-and-crude-oil-making-an-upward-trend/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/bitumen-24June.jpg Weekly Bitumen Report: Iran Election and Crude Oil Making an Upward Trend [vc_row][vc_column][vc_column_text] The rally of Iran’s presidential election is over and as it was predicted, Ebrahim Raisi became the eighth president of Iran. The capital markets, such as the stock exchange and currency, reacted positively to this election. In long term, the national currency will most probably get stronger against the dollar. As Infinity Galaxy reported on... https://infinitygalaxy.org/report/prior-unsolved-issues-still-affecting-the-recycled-oil-and-paraffin/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/recycle-23June.jpg Prior Unsolved Issues Still Affecting the Recycled Oil and Paraffin Iran's presidential election was held on June 18. Considering the Iranian President-elect perspectives, the Iran-US agreement can confront some new problems. Iran's overall oil, gas and energy policies may change from September. The transform will affect the shape of the market. During the week, oil reached $75 as was mentioned in Infinity Galaxy Monday's report.... https://infinitygalaxy.org/report/weekly-oil-report-crude-rising-in-the-unsettled-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/oil-21June.jpg Weekly Oil Report: Crude Rising in the Unsettled Market In the third week of June, Brent closed at $72.43 and WTI hit $71.41 on Friday. During the week, crude faced two red days in a row but OPEC could turn the page on the next day after emphasizing the future demand as before. However, technically, the chart of crude is not promising for the... https://infinitygalaxy.org/report/weekly-bitumen-report-election-shadow-on-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/bitumen-17June.jpg Weekly Bitumen Report: Election Shadow on the Bitumen Market As reported in last week's report of Infinity Galaxy, the upward trend of oil and fuel price was the main player of the market since the rise of demand and fall of oil storages encouraged the investors to enter this market. Iraq, as OPEC’s second-biggest oil producer, said crude will be traded between $68 to $75... https://infinitygalaxy.org/report/warnings-on-trading-substandard-oil-instead-of-recycled-base-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/Baseoil-report-16-jun.jpg Warnings on Trading Substandard Oil Instead of Recycled Base Oil In recent weeks, supply constraints have been a concern for the recycled base oil market. As mentioned in Infinity Galaxy last week's recycled article, legal barriers for the production of this product and the ongoing shortage of raw materials are among the main reasons for this issue. Oil prices are fluctuating on a scale above... https://infinitygalaxy.org/report/weekly-oil-report-blessed-with-crudes-market-powers/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/oil-14June.jpg Weekly Oil Report: Blessed with Crude’s Market Powers Last week, OPEC and IEA (International Energy Agency) brought more optimism to the market. The boost was expected as we were getting more successful vaccination programs. As the vaccination is getting faster, mobility rises in countries. Therefore, the demand for crude oil will be expanding. The chart of Brent oil and WTI is still not... https://infinitygalaxy.org/report/weekly-bitumen-report-unprecedented-gap-in-rates-has-not-stopped-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/InfinityGalaxy-Report-10Jun.jpg Weekly Bitumen Report: Unprecedented Gap in Rates Has not Stopped Market  The market experienced a very surprising week. Within the last weeks, there was a big gap of about 45 US Dollars per metric ton between low-quality bitumen and Iranian embossed bitumen. The interesting point was the demand of buyers on all these offers. Any type of bitumen, at any rate, was purchased by Indians and... https://infinitygalaxy.org/report/new-export-rules-and-production-restrictions-limiting-recycled-oil-trades/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/recycle-9June.jpg New Export Rules and Production Restrictions Limiting Recycled Oil Trades With the start of monsoon in Southeast Asia and India, contrary to expectations, the demand for recycled oil and base oil has continued to increase. The price of this product crossed $700 again. Considering the onset of summer and the development of vaccination, global demand for these products has surged as transportation and fuel consumption... https://infinitygalaxy.org/report/weekly-oil-report-demand-projections-boosted-price-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/oil-7June.jpg Weekly Oil Report: Demand Projections Boosted Price Growth Crude finally succeeded to reach above 70 during the first week of June. On Friday, Brent closed at $71.27 and WTI closed at $69.38. Several stimulations helped the oil, including the OPEC meeting and dollar devaluation. Currently, Brent and WTI are at the strong statistic zone of $70 which they could not pass about 3... https://infinitygalaxy.org/report/weekly-bitumen-report-crude-leading-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/bitumen-3June.jpg Weekly Bitumen Report: Crude Leading the Market The 12th international exhibition of Bitumen, Asphalt, Insulations and related Machinery (BAIEX 2021) was held during 27-30 May 2021 following the hygienic protocols in Tehran International Exhibition. More than 70 companies attended this exhibition to explore more developmental opportunities in the field. The political atmosphere of Iran is getting critical by approaching the day of... https://infinitygalaxy.org/report/india-cyclone-and-pandemic-curbed-the-base-oil-and-lubricant-deals/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/06/recycle-3June.jpg India Cyclone and Pandemic Curbed the Base Oil and Lubricant Deals As Infinity Galaxy mentioned in Monday's article, the decision of the OPEC+ meeting finally changed all variations. Oil prices hit two-year highs up to $70 after OPEC and its associates predicted higher demand and boosted output. In addition to the meeting effects, oil demand showing clear signs of improvement as vaccination plans are accelerated, and the... https://infinitygalaxy.org/report/weekly-oil-report-market-waiting-for-the-opec-meeting/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/oil-31May.jpeg Weekly Oil Report: Market Waiting for the OPEC Meeting [vc_row][vc_column][vc_column_text]In the last week of May, Brent closed at $68.74 and WTI closed at $66.60. The market was green but there was no sign of powerful purchase. Crude did not get to their last high prices and the trend seems to be weak. Technically, the chart is not still determined to move up further. However,... https://infinitygalaxy.org/report/weekly-bitumen-report-market-elements-indicating-a-state-of-uncertainty/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/28may.jpg Weekly Bitumen Report: Market Elements Indicating a State of Uncertainty [vc_row][vc_column][vc_column_text] The market of bitumen export passed a quiet environment within the last week. Continuity of lockdown in different states, the outbreak of a new disease called “Black Fungus”, and fire at HPCL were among the top news in India. On the other hand, the final candidates of the presidential election in Iran were announced... https://infinitygalaxy.org/report/supply-growth-and-demand-ambiguity-in-base-oils-and-lubricants/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/recycle-26May.jpg Supply Growth and Demand Ambiguity in Base Oils and Lubricants Considering the progress of the Iran-US negotiations and the expectation of a new wave of oil supply from Iran, it seemed that the prices would remain in a stable range after a 5% decrease mentioned in Monday's oil report. However, oil experienced a 2% increase on Monday. The reason could be the optimism of increasing... https://infinitygalaxy.org/report/weekly-oil-report-iran-us-negotiations-and-weak-demand-hit-sentiments/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/oil-24May.jpg Weekly Oil Report: Iran-US negotiations and weak demand hit sentiments Brent failed at $70 again and decreased about 5% last week. Brent closed at $66.39 and WTI closed at $63.85 after struggling with the strong resistance. Technically, crude oil price charts do not show enough strength to break through higher prices. It is strongly possible for Brent and WTI to see lower prices and continue... https://infinitygalaxy.org/report/weekly-bitumen-report-quiet-market-of-bitumen-anticipating-new-changes-in-coming-weeks/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/bitumen-20May-scaled-1.jpg Weekly Bitumen Report: Quiet Market of Bitumen Anticipating New Changes in Coming Weeks Unlike 2-3 weeks ago, the bitumen market passed quiet days over this week. The exchange rate of USD was still fluctuating in a range of 22,000 – 23,000 Toman. This fluctuation can continue until there is a conclusion on the negotiations between Iran and the USA, it seems that both parties will reach an ultimate... https://infinitygalaxy.org/report/recycled-oil-traders-moving-cautiously/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/recycle-19May.jpg Recycled Oil Traders Moving Cautiously Over the past week, recycled base oil prices have risen as mentioned in the last weekly report of the Infinity Galaxy. Reports indicate that coronavirus restrictions have been lifted in some parts of India. Therefore, demand is rising as expected. Due to concerns about the Covid-19 pandemic and cyclone in India, some importers have offered... https://infinitygalaxy.org/report/weekly-oil-report-opec-still-expects-more-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/Oil-17May.jpg Weekly Oil Report: OPEC Still Expects More Demand On 11 May, OPEC clearly stated to keep the supply steady as planned. The alliances have decided to increase production by about 2 million barrels per day. The demand from American and European countries rose after speeding the vaccination. Several cities succeeded to restrain the disease and made their cities mask free. Their fuel and... https://infinitygalaxy.org/report/bitumen-market-outlook-following-the-oil-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/bitumen-13May-scaled-1.jpg Bitumen Market Outlook Following the Oil Price The Middle East was under the influence of several political factors during last week: The serious war between Israel and Palestine Lifting 95% of sanctions that were imposed against Iran by Donald Trump Approaching the presidential election of Iran Negotiations between Iran and Saudi Arabia The exchange market of Iran observed a downfall trend during... https://infinitygalaxy.org/report/market-transformation-amid-political-games/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/12-may-recycle-oil-report.jpg Market Transformation amid Political Games While in recent weeks the market has been in a state of turmoil and confusion, the inevitable growth in prices is becoming more obvious after the market events and Iran's political situation. Many factors are affecting the growth of the market, among which the following can be mentioned: Rapid market changes due to political developments... https://infinitygalaxy.org/report/weekly-oil-report-crude-oil-surprised-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/Oil-10May.jpg Weekly Oil Report: Crude Oil Surprised the Market Oil moved up surprisingly up last week after two unexpected events. DXY devaluation Stocks rise DXY dropped during the week after some new financial reports, including Nonfarm Payrolls that was bearish for the market. With the dollar losing value consistently, commodities touch higher prices. It is for about three weeks that the dollar is depreciating... https://infinitygalaxy.org/report/bitumen-sellers-and-buyers-in-a-dilemma-of-market-to-find-the-right-path/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/6-may-bitumen-report.jpeg Bitumen Sellers and Buyers in a Dilemma of Market to Find the Right Path The export market of bitumen was struggling with four main issues: The general lockdown of India that was extended till 15th May 2021 for the time being, and it is expected to be extended more. There are some information showing that some importers reduced their rate to have a chance of faster sale of their... https://infinitygalaxy.org/report/unprecedented-usd-fall-amid-pandemic-led-to-a-disoriented-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/Recycle-5May.jpg Unprecedented USD Fall amid Pandemic Led to a Disoriented Market The growth in base oil prices throughout Europe, the Middle East, and Africa slowed down in the past couple of weeks, but there are a few signs of descending pressure. While feedstocks for base oils are constrained, refineries are operating at diminished rates because of the lower demand for fuels. Raw material prices have fallen... https://infinitygalaxy.org/report/weekly-oil-report-india-and-iran-shifting-the-market-short-term-outlook/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/05/oil-3May.jpeg Weekly Oil Report: India and Iran Shifting the Market Short-Term Outlook In recent weeks, oil experienced many contradictory reports. Some expecting the price to rise while some predicted a fall. Here we review the oil outlook for short term, mid-term and long-term visions. Oil short-term outlook is not much promising. Surprising events, including new waves of Covid-19 pandemic in many countries and Iran-US highly probable nuclear... https://infinitygalaxy.org/report/the-conflict-of-supply-demand-by-the-commencement-of-new-wave-of-covid-19/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/InfinityGalaxy-Article-Razieh.jpg The Conflict of Supply;Demand by the Commencement of New Wave of COVID-19 Market fluctuations and changes in the past week were very surprising. The shadow of the COVID-19 outbreak in the whole of India has disrupted the market of bitumen and other commodities. Based on the evidence, it is expected state-wise lockdowns to be extended till mid-May 2021 and even more. Aerial, rail, marine transportations to India... https://infinitygalaxy.org/report/the-shadow-of-pandemic-on-recycled-oil-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/28-April-recycled-oil.jpeg The shadow of pandemic on recycled Oil market The disquieting situation of India due to the new surge in COVID-19 cases remains strong and the news indicates that the lockdowns will be extended for another week. India's healthcare system is facing a severe pandemic, and the crisis of oxygen and medicine shortages is a serious issue. Before the pandemic situation in India, the... https://infinitygalaxy.org/report/weekly-oil-report-iran-increasing-crude-oil-exports/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/26-April.jpg Weekly Oil Report: Iran Increasing Crude Oil Exports Oil has been under pressure as the emission-free programs set to get stronger. On Thursday, U.S. President Joe Biden unveiled a new emissions-reduction target to cut greenhouse gas emissions by 50-52 percent from 2005 levels in 2030. China has also declared to get to carbon neutrality by 2060. According to studies, electric cars are getting... https://infinitygalaxy.org/report/re-positioning-main-players-of-the-market-amid-pandemic-and-supply-tightness/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/recycled-base-oil.jpeg Re-Positioning Main Players of the Market amid Pandemic and Supply Tightness on April 23 While future crude oil trades slumped for the third day, yesterday Oil prices surged in hopes of demand recovery for fuel in the United States and Europe. Despite rising COVID-19 cases in India, the world's third-biggest oil importer, and raising concerns in Japan, signs are still showing a fuel demand recovery. The... https://infinitygalaxy.org/report/the-transitional-status-of-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/22april.jpeg The Transitional Status of the Bitumen Market By an overall look at the commodity markets, generally it can be seen the rates were decreasing in Asia. For example, BAPCO, the National Oil Company of Bahrain, decreased its bitumen price up to 10$/Mt in last 4 months! Aramco in Saudi Arabia was attacked once again by Yemen missiles. The hidden negotiations between Iran... https://infinitygalaxy.org/report/weekly-oil-reportdemand-falling-amid-more-lockdowns/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/19-april.jpg Weekly Oil Report: Demand falling amid more lockdowns [vc_row][vc_column][vc_column_text]Oil price followed almost a stable trend, fluctuating about ±3 USD within the last week and it is predicted to observe the same stream in the current week. Based on reports, Iran reached its highest level of oil production in the last 15 months, and now Iran with the capacity of producing and exporting 2.5... https://infinitygalaxy.org/report/bitumen-market-waiting-for-negotiations-and-lockdowns/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/15April-bitume.jpg Bitumen Market Waiting for Negotiations and Lockdowns Negotiations between Iran and 5+1 in Vienna continue in a shadow conflict between Israel and Iran. An Israeli-owned ship was attacked near the shores of the Fujairah Emirate on Tuesday. The attack came a day after Iran vowed to avenge the explosion at Natanz nuclear facility. Up to now, none of the countries accepted any... https://infinitygalaxy.org/report/recycled-oil-demand-rising-amid-the-new-covid-surge/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/14April-rec.jpg Recycled Oil Demand Rising Amid the New Covid Surge This week, while the Iranian market was relatively calm compared to previous weeks, the Indian market fluctuated abundantly. On April 12, the Indian rupee depreciated against the USD. This is a new concern that the Indian market has to deal with along with lockdowns and restrictions for the new Covid-19 wave. Despite the recent rising... https://infinitygalaxy.org/report/weekly-oil-report-covid-concerns-flaring-up/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/12-april-report.jpeg Weekly Oil Report: Covid Concerns Flaring Up [vc_row][vc_column][vc_column_text]India established new lockdown policies last week. New case numbers are rising in many countries all over the world. The global scale vaccination is not fast enough to stop the virus. The recent flare-up is a concern for oil demand. In the last meeting and before the new Covid concern, OPEC eased the cut for... https://infinitygalaxy.org/report/steady-bitumen-demand-in-iran-and-india/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/Article-19Fravardin.jpg Steady Bitumen Demand in Iran and India Finally, Iran and the USA reached an agreement for indirect talks aimed at reviving the 2015 agreement to restrict Iran’s nuclear program in exchange for sanctions relief. It is heard that the U.S. is planning to lift some of the sanctions that were in line with JCPOA. This news was enough to see frequent fluctuations... https://infinitygalaxy.org/report/tight-supply-and-high-demand-for-recycled-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/8April-recycled.jpeg Tight Supply and High Demand for Recycled Oil and Paraffin The base oil market in Europe, Africa, and the Middle East is experiencing unprecedented conditions. The prices of lubricants and base oil have increased significantly since the beginning of 2021. Crude oil price declined more than $3 per barrel after the OPEC+ decision to increase the monthly production from May to July at Monday's meeting. Other countries... https://infinitygalaxy.org/report/weekly-oil-report-opec-shocking-rollover/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/5April-oil.jpeg Weekly Oil Report: OPEC Shocking Rollover [vc_row][vc_column][vc_column_text]On Thursday, the OPEC meeting shocked everyone by expanding the production plans. Saudi Arabia implicitly declared that it will decide on the voluntary production cut on its own. The reason for the increase was the anticipation of higher demand in summer. Although, OPEC was under pressure by the United States and India to supply more crude... https://infinitygalaxy.org/report/recycled-oil-price-rising-alongside-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/base.infinity.jpeg Recycled Oil Price Rising Alongside Demand While Iran's trading market is warming up again, market conditions appear to be changing after this break. During the last week, Infinity Galaxy observed a very smooth market of Recycled Base Oil because of the New Year holidays in Iran and lower supply levels. On March 28, a growth of about 2-11% happened to all... https://infinitygalaxy.org/report/new-deal-on-irans-oil-and-bitumen/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/04/InfinityGalaxy-Article27-1.jpg New Deal on Iran's Oil and bitumen In the last week, the Iran market almost started its activity but the shadow of the last days of unofficial holidays did not let us see a dynamic market. During the time, Jey and Pasargad refineries supplied bitumen and there was a balance between their demand and supply with no competition. On April 1st, Indian refineries increased... https://infinitygalaxy.org/report/weekly-oil-report-ever-given-briefly-flipping-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/29-mar-1.jpg Weekly Oil Report: Ever Given Briefly Flipping the Market On March 23, the Ever Given vessel, a 1,300-foot container ship, veered to the right as it was traversing the Suez Canal and blocked the traffic between the Red Sea and the Mediterranean. The Suez Canal links the Mediterranean Sea to the Red Sea, a major shipping route between Asia and Europe. Giants shipping companies... https://infinitygalaxy.org/report/a-bitumen-price-wave-on-the-way/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/MG_3236-scaled-1.jpg A Bitumen Price Wave On the Way Due to the New Year holiday in Iran, the internal market was almost quiet. Companies were busy with their last year commitments. The shipping lines were in the same situation, only two direct vessels sailed out to the Indian ports. Monitoring bitumen prices in Iran within the last year shows that from the beginning of... https://infinitygalaxy.org/report/recycled-oil-market-from-april-2020-till-april-2021-at-a-glance/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/Recycled-In-A-Glance.jpg Recycled Oil Market from April 2020 Till April 2021 At A Glance April is coming and many importers expect prices to fall while there is no sign of declining. Looking through the recycled Oil market from April 2020 to April 2021, we found out that this is the first year in recycled Oil export history that the price has doubled in less than a year. In April... https://infinitygalaxy.org/report/weekly-oil-report-the-rally-is-over/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/22-Mar.jpg Weekly Oil Report: The Rally Is Over [vc_row][vc_column][vc_column_text]It was a tough week for oil. As infinity Galaxy reported, Brent touched prices below $65. On 18 March, Brent and WTI dragged down about 9%. Yemen attacked Aramco, the world’s largest oil and gas company, with long-range missiles. Although Aramco’s oil reserves were safe, possible future attacks of Houthis are a real concern for... https://infinitygalaxy.org/report/surprising-demand-of-vb-inspired-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/infinity.jpeg Surprising Demand of VB Inspired Bitumen Market On March 15, the premium VB supply of the Isfahan refinery was surprising. In the event, 9 manufacturers purchased more than 1.2 million tons of VB for their next year consumption. The competition was about 8% among the manufacturers and the demand was about 3.6 million tons. This supply is equal to 20% of bitumen... https://infinitygalaxy.org/report/recycled-oil-demand-hit-the-market-ambiguity/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/PicsArt_03-17-09.45.15.jpg Recycled Oil Demand Hit The Market Ambiguity Price fluctuation is still dominating the market and has made a vague situation for traders and refineries. These sudden changes have confused even market analysts. As Infinity Galaxy reported on Monday, a part of the market expects a lower oil price to $ 65, some estimate it to rise to $75. The unpredictable conditions of... https://infinitygalaxy.org/report/weekly-oil-report-will-demand-take-over-the-supply/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/15-mar.jpg Weekly Oil Report: Will Demand Take Over The Supply? [vc_row][vc_column][vc_column_text]Brent started the second week of March at $70.46 and ended with $68.67. Although OPEC+ and Saudi Arabia helped the price by limiting production, the market has sensed upcoming rising production possibility. OPEC+ had giant losses in recent years, and the current price of the oil is enticing to raise the production. Russia and Kazakhstan... https://infinitygalaxy.org/report/bitumen-market-affected-by-oil-and-shipping-services/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/11marchinfintiygalaxy.jpg Bitumen Market Affected By Oil And Shipping Services As it was expected, Iran VB price increased up to $11 MT and the downward trend of USD against Rial led to an increase of bitumen price in the Iran market. The dollar descending value was due to a rumour of releasing Iran blocked dollars by Iraq and Oman. However, it did not happen. The sanctions against... https://infinitygalaxy.org/report/recycled-oil-soaring-along-crude-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/Recycle-InfinityGalaxy-1-scaled-1.jpg Recycled Oil Soaring Along Crude Oil Crude oil prices have risen to unprecedented levels in recent weeks. Attacks on Saudi Arabia's oil facilities, one of the world's top oil exporters, pushed oil prices above $70 for the first time since the pandemic. As Infinity Galaxy reported last week, OPEC+ agreed to limit oil production along Saudi Arabia agreed to stay low... https://infinitygalaxy.org/report/weekly-oil-report-what-could-stop-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/8-mar.jpg Weekly Oil Report : what could stop oil? [vc_row][vc_column][vc_column_text]March started surprisingly! Oil hit 13-months high price and Brent did a 35% rally since January. On Friday, Saudi Arabia agreed to continue the 1-million-barrel lower oil production for another month. OPEC+ declared they are going to increase the supply only for 150,000 barrels this month instead of 500,000 barrels. Formerly, Goldman Sachs had predicted... https://infinitygalaxy.org/report/bitumen-price-on-the-verge-of-change/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/BitumenPriceOnChange.jpg Bitumen Price On The Verge of Change The week started with the common challenges between the USA and Iran. The USA agreed that Korea releases $7.5 million of Iran’s blocked debt. The release could have affected the drop of USD value against Rial, but at the same time, the USA army attacked Iran bases in Syria with the airstrikes. Indian refineries decreased... https://infinitygalaxy.org/report/weekly-oil-report-us-government-bonds-riding-the-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/03/1-Mar.jpg Weekly Oil Report: US Government Bonds Riding The Market Last week was surprisingly unexpected for markets. WTI oil increased up to $63, and gold fell to about $1717. However, traders expected a resurge for oil price around $57. Let’s discuss some of the possible reasons for the contrast and the situation in the first week of March. In recent week, the US government bonds... https://infinitygalaxy.org/report/unexpected-oil-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/InfinityGalaxy-Report-25Feb.jpg Bitumen Market vs. Unexpected Oil Price By the exceed of Brent Crude Oil up to $65/barrel, 2 scenarios were proposed: a) This is not a real price and most probably it will drop again b) The trend will be stable in a range of 65-67$. In the first 2 days of the last week, oil price decreased up to 62$ then... https://infinitygalaxy.org/report/weekly-oil-report-over-supply-possibility/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/Over-Supply-Possibility-InfinityGalaxy.jpg Weekly Oil Report: Over Supply Possibility 3rd week of February was bullish for oil and stocks. As Infinity Galaxy reported oil could get to $65. Considering the financial reports, it was not surprising that oil did not stay all high and selling pressure took over the market. Core Retail Sales of USA appeared better than the forecasts which indicate an improving... https://infinitygalaxy.org/report/sudden-surge-of-energy-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/Sudden-Surge-Of-Energy-Demand.jpeg Sudden Surge Of Energy Demand Last week market was under the influence of several varying factors. In Iran, USD value against Rial was strengthened in late January 2021 due to purchase demand. This scenario was reversed once Joe Biden was officially elected and the currency value was falling. When it appeared to be no negotiation between Iran and the U.S,... https://infinitygalaxy.org/report/weekly-oil-report-a-week-for-oil-and-stocks/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/15-feb.jpg Weekly Oil Report : A Week For Oil And Stocks The second week of February was a calm and generous week for industries and oil. The market acted reasonably and played hopefully for a better future. Vaccines efficiency was approved with more certainty, in addition to the program of the pharmaceuticals to increase the doses. A wider and faster vaccine distribution leads to more immunity... https://infinitygalaxy.org/report/constructions-expansion-leading-bitumen-demand/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/InfinityGalaxy-Constructions-Expansion.jpg Constructions Expansion Leading Bitumen Demand As a result of OPEC+ decision to reduce the supply, oil prices are rising. Last week, Brent Crude Oil rose to more than $60 per barrel, Iranian refineries and suppliers expected the overall demand to rise from the various global market. However, such expectation did not come true and there were not any significant demands... https://infinitygalaxy.org/report/robust-demands-of-recycled-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/InfinityGalaxy-Recycledoil.jpg Robust Demands Of Recycled Oil After a couple of quiet weeks for the oil market, demand is raising from February 3rd. Since the price of raw materials used for recycled oil production decreased in Iran, Indian importers expect a reduction in prices. However, due to the unpredictable situation of the USD and the possibility of Iran and the USA negotiations,... https://infinitygalaxy.org/report/weekly-oil-report-sharp-oil-growth/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/8-feb-InfinityGalaxy-Oilreport.jpg Weekly Oil Report: Sharp Oil Growth [vc_row][vc_column][vc_column_text]Reports on vaccinations efficacy invoked the sentiments in the way of better Pandemic management. Pfizer and BioNTech declared 91% efficiency in shots. Several other vaccine makers also released successful results and announced programs of distributing more doses of vaccines to the countries. Last week, at the end of January, Infinity Galaxy reported soaring of negative... https://infinitygalaxy.org/report/ambiguity-in-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/Market-On-Hold-InfinityGalaxy.jpeg Ambiguity In Bitumen Market The last week was dilemmatic for both buyers and sellers of petrochemical markets. There was not a strong demand in the market due to the price fluctuations. On February 1st, India released new rates of bitumen. It was up by almost 23$, and demand was expected to increase. The escalated prices in India could also... https://infinitygalaxy.org/report/slow-movements-of-recycled-oil-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/movements-of-recycled-oil-Infinitygalaxy.jpg Slow Movements of Recycled Oil Market The week met volatile and unstable days for dollar and oil products. Prices have been fluctuating recently due to the uncertainty of the market about the pandemic and dollar rate. Indian refineries raised bitumen and petroleum products prices in February. The hike was about $ 22.9 for bitumen and about $ 4.8 for furnace oil.... https://infinitygalaxy.org/report/weekly-oil-report-the-world-in-hesitation/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/02/2-Feb-InfinityGalaxy-Oilreport.jpg Weekly Oil Report: The World In Hesitation Pharmaceutical giants and vaccine makers announced hopefully about their jabs last week. Novavax, an American vaccine maker, announced their shots were 89% effective in the UK. Although, the trials were 60% effective in Africa, where a highly contagious variant of the virus exists. Johnson & Johnson, the American pharmaceutical cooperation, also declared their new shots... https://infinitygalaxy.org/report/are-the-negotiations-on-the-table/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/negotiations-on-the-table-Infinity-Galaxy.jpeg Are The Negotiations On The Table? One of the main players of this week market was value fluctuation of USD against Rial in Iran. One dollar varied between 229,000-242,000 Rials. However, approaching the end of the week, the market got more stable and the price of the market was more realistic. At the moment, market demand is not very promising and... https://infinitygalaxy.org/report/weekly-oil-report-pfizer-come-into-play/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/25-jan-InfinityGalaxy-Oilreport.jpg Weekly Oil Report: Pfizer Come Into Play After the last week anxiety about another global lockdown, Pfizer and Biontech declared their positive prospect toward the future. They believe their vaccine can adjust to the new variant of coronavirus and protect the receivers. The news made the market more confident, and it brought a better sentiment for stability. However, the United Kingdom is... https://infinitygalaxy.org/report/recycled-oil-market-in-shadow-of-usd/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/WhatsApp-Image-2021-01-24-at-09.59.46.jpeg Recycled Oil Market In Shadow Of USD USD Fluctuations, in recent days, have caused the market to oscillate abundantly and recycled oil was not an exception. The price of petroleum products is constantly changing. As Infinity Galaxy pointed out in the recent analysis reports, the change in the US political situation has caused the USD to depreciate significantly against Rial, which has... https://infinitygalaxy.org/report/biden-inauguration-leading-the-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/WhatsApp-Image-2021-01-21-at-12.54.25.jpeg Biden Inauguration Leading The Bitumen Market During the last week, commodities were all influenced by the political changes in the Washington and Biden presidential inauguration, USD dropped by 3-16% and comparing to other currencies including Iran. In only 3 days USD decreased up to 16% compared to Rial; therefore, bitumen price increased by about USD 40/MT.While oil price and market demand... https://infinitygalaxy.org/report/weekly-oil-report-worldwide-lockdown-possibility/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/18th.jpg Weekly Oil report: worldwide lockdown possibility While the world was hoping for lockdowns to come to an end globally, new strains of the virus got stronger in the 2nd week of January. China, the origin of the first coronavirus in 2020, locked down two cities of Shijiazhuang and Xingtai. The lockdowns expanded to a couple of other districts in Beijing. The... https://infinitygalaxy.org/report/imbalance-of-supply-demand-cycle-due-to-the-shortage-of-vb-and-fall-of-usd-against-rial/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/WhatsApp-Image-2021-01-15-at-13.12.55.jpeg Imbalance of Supply-Demand Cycle due to the Shortage of VB and Fall of USD against Rial This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy By approaching the official commencement of Joe Biden’s presidency, Iran currency market followed a decreasing path and it is expected to be continuous for the next days with the hope return to JCPOA. On the other hand, the considerable imbalance of supply and demand... https://infinitygalaxy.org/report/weekly-briefing-a-brighter-year-for-oil/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/WhatsApp-Image-2021-01-12-at-10.43.21.jpeg Weekly Briefing: A Brighter Year For Oil   After the new year eve, markets pushed higher, and volatility seems to be lower. In lieu of the rising fear of new upcoming lockdowns and coronavirus strain, the market still expects brighter days. VIX dropped 25.40% in the first week of January, indicating more risk-tolerant traders. The stimulus package and released vaccines helped the... https://infinitygalaxy.org/report/commencement-of-2021-with-an-upward-trend-of-oil-products-prices/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/oil-price-infinitygalaxy.jpg Commencement of 2021 with an Upward Trend of Oil Products Prices This article was prepared by Tina Taghavi, the sales manager of Infinity Galaxy With the start of the New Year, as we predicted in previous weeks, prices have increased, and at the beginning of the New Year, there is no sign of declining prices. Although Some sources have reported that prices will remain stable in the first... https://infinitygalaxy.org/report/cut-down-of-oil-production-increase-of-demand-shortage-of-supply-how-will-be-the-beginning-of-2021-bitumen-market/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/infinitygalaxy2021.png Cut-down of Oil Production, Increase of Demand, Shortage of Supply! How will be the beginning of 2021 Bitumen Market? This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy Although New Year holiday was the dominant phenomenon of the week, it was simultaneously a very challenging one.Saudi Arabia announced it will make a 1mn b/d voluntary crude output cut in February and March through which the first signs of oil price increase were... https://infinitygalaxy.org/report/an-overview-of-the-bitumen-market-in-2020/ https://infinitygalaxy.org/wp/wp-content/uploads/2021/01/rsz_1rsz_img_1464.jpg An Overview of the Bitumen Market in 2020 This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy Finally the unpredictable 2020 came to an end and Infinity Galaxy wishes a very happy New Year, hoping for a better world in 2021.In the first article of the New Year, it is worth to have an overview of what occurred in the bitumen... https://infinitygalaxy.org/report/oil-market-review-till-first-of-january-2021/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/12/infinity-galaxy-1-1.jpg Oil market Review till first of January 2021 This article was prepared by Mahnaz GolMohammadian, the Office Manager of Infinity Galaxy. Despite the near-term bullish trend in the past few weeks and verified vaccines, the new variant of coronavirus in the UK brought a negative sentiment to the market again. As we know, the new strain is up to 70% more transmissible than... https://infinitygalaxy.org/report/continued-growth-in-recycle-base-oil-demand-and-supply-on-the-eve-of-2021/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/12/base-oil-2021.jpg Continued growth in Recycle Base Oil demand and Supply on the eve of 2021 This article was prepared by Tina Taghavi, the sales manager of Infinity Galaxy the new wave of coronavirus in the UK led to a drop in Brent oil prices on global markets but the price trend in the market continues to grow. on December 15, Indian refineries considered fuel prices constant and raising the price of bitumen... https://infinitygalaxy.org/report/oil-price-cut-down-will-not-affect-bitumen-price-constantly/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/12/infinity-galaxy-1.jpg Oil Price Cut-down will not Affect Bitumen Price Constantly This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy The road construction global demands have significantly led to the growth of market. However, the sudden and unexpected changes of the raw material price might affect the trend of market growth. As the wave of COVID-19 vaccination is getting stronger in all over the... https://infinitygalaxy.org/report/iran-market-bitumen-prices-hiked-up-15-mt-as-the-global-demands-have-increased/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/12/infinity-galaxy1.jpg Iran Market Bitumen Prices Hiked up 15$/MT as the Global Demands have Increased This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy During 12-17 Dec. 20, oil price had an upward movement and at the time of preparing this article, the current rate of Brent oil is $ 51.36 per barrel. On 14 Dec., the official results of Electoral College were announced by which Joe Biden... https://infinitygalaxy.org/report/for-the-first-time-recycled-base-oil-price-increased-two-times-in-less-than-3-months/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/12/Recycel.jpg For the first time, Recycled Base Oil price increased two times in less than 3 months This article was prepared by Tina Taghavi, the sales manager of Infinity Galaxy In recent weeks, fluctuations in the market for fuel and oil products have entered an upward trend. Reasons for this include a seasonal pattern of declining temperatures in the Northern Hemisphere that has increased fuel consumption, as well as rising Brent crude oil prices... https://infinitygalaxy.org/report/bitumen-price-increased-up-to-10-mt/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/12/InfinityGalaxy-Bitumen-137.jpg Bitumen price increased up to $10/MT, however, market has a stable trend. This article was prepared by Razieh Gilani, the sales manager of Infinity GalaxyDuring 5 - 11 Dec., IME announced new VB price, increasing approx. 10$.Exchange rate of USD against Rial was fixed at the level of 250,000 - 260,000 Rial.By the end of OPEC+ meeting, the cut-down of oil production was agreed and hence the... https://infinitygalaxy.org/report/bitumen-market-is-anticipating-sudden-and-unpredictable-changes/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/12/INFINITY-Glaxy-e1617027545942.jpg Bitumen Market is Anticipating Sudden and Unpredictable Changes During 28th till 30th November, competition on VB among the Iranian refineries was between 3-10% On November 30, IOCL increased bitumen price approximately 50$ /MT which was unprecedented within the past 4 years that made a relative balance between the rates of Iran and India For the past three days, oil price had an increasing... https://infinitygalaxy.org/report/market-is-anticipating-huge-changes-by-the-increase-of-oil-price/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/11/infinity-galaxy.jpg Market is Anticipating Huge Changes by the Increase of Oil Price, Drop of USD Exchange Rate Based on technical analysis of Brent oil, it is expected to reach to the level of 49$, if it exceeds the level of 46$. On Tuesday, at 1:30 PM and Thursday before analysis publication, it stands at the level of 48.49$. Concerning bitumen rate increase in Iran and decrease of USD against Rial, bitumen price... https://infinitygalaxy.org/report/bitumen-market-on-20-november-2020/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/11/WhatsApp-Image-2020-11-20-at-10.49.30.jpeg Bitumen Market on 20 November 2020 News about the discovery of Moderna vaccine with nearly 95% and Pfizer vaccine with 90% effectiveness, has significant signals on oil price, even some days up to 44$, finally stabilizing at the level of 41-42$. USD exchange rate is fixing at 250,000-260,000 Rial. Competition on VB is varying between 3-10%. In an official interview, the... https://infinitygalaxy.org/report/what-to-expect-from-bitumen-market-this-week14th-november-2020/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/11/8.jpg What to Expect from Bitumen Market This Week, 14th November 2020 Infinity Galaxy wishes a “Diwali” full of health, wealth, joy, and prosperity for its esteemed Indian friends all over the world. Last week, in the first two days, the lockdown was the main concern of many countries and as a result, oil prices dropped to 37$. On Monday, 9 November, hot news was out: Pfizer... https://infinitygalaxy.org/report/bitumen-market-ups-and-downs/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/10/InfinityGalaxy-CargoLoading-135.jpg Why the Current Market of Bitumen Faces Many Ups and Downs From 23-29 October, VB price in Iran increased by about 16%, and simultaneously Iran remained on the blacklist of FATF for 6 more months. Based on the latest polls, Biden has overtaken Trump and its effect on Iran was significant, in less than 3 days, US Dollar decreased from 325,000 Rial to approximately 285,000 Rial,... https://infinitygalaxy.org/report/fluctuated-market-of-bitumen-23th-october-2020/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/05/Banner-12.jpg Fluctuated Market of Bitumen-23th October 2020 Iran's weekend on Friday as well as the official holiday on Sunday (25 Oct.) are the reasons to say that practically the market will run from Monday by which it is predicted a new VB price might increase about 15-20$/MT. On the other hand, last Tuesday (20 Oct.) US Dollar decreased sharply in Iran but... https://infinitygalaxy.org/report/bitumen-market-analysis-on-9th-october-2020/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/10/Infinity-Galaxy-Bitumen-Market-Analysis.jpg Bitumen Market Analysis on 9th October 2020 During the last week below significant factors affected the market of bitumen: 1. If the Nagorno-Karabakh conflict gets longer, the regional powers might show directional bias to support each of the parties and it can affect oil price and regional equations. 2. On 8 Oct. 2020, the USA decided to impose new sanctions on all of... https://infinitygalaxy.org/report/bitumen-market-analysis-october-2020/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/10/VG-10-Bitumen-e1601831031179.jpg Bitumen Market Analysis on 2nd October 2020 Market analysis on 2nd October 2020, before a positive test of President Donald Trump. USD value exceeded more than 30,000 Toman but as VB competed more than 25% during the last 4 days, it is improbable to see bitumen price at a fixed rate and there is no prediction about the plan of the government... https://infinitygalaxy.org/report/future-of-bitumen-market-next-2-months/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/c8a55aebefde4cbfaf5222713957dd5e-e1601815126372.jpg Iran Reduced VB Prices by 6-7$ in September 2020 Razieh Gilani from Infinity Galaxy discusses how the future market of bitumen will be in the next 2 months. The final decision about the Dispute Mechanism was announced on 20 September 2020 in which the USA aimed to apply more sanctions against Iran, although Iran has an opposite point of view regarding the application of... https://infinitygalaxy.org/report/bitumen-market-forecast-in-next-40-days/ https://infinitygalaxy.org/wp/wp-content/uploads/2020/05/Banner-13.jpg Bitumen Market Forecast in Next 40 Days OPEC basket price fell below 40$ on Thursday, September 10, 2020. For the past two weeks, oil prices have been decreasing. Due to the current global situation and lockdowns, all the world seeks relative economic stability, especially in fuel and oil markets. According to the information gathered by Infinity Galaxy, the growing trend for fuel... https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-on-october-14th/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/10/October-14th-Infinity-Galaxy.jpg Infinity Galaxy analysis of the crude oil price on October 14th Complicated Political circumstance in the Persian Gulf, rocket attack on Iranian oil tanker in the Red Sea, the launch of Turkish offensives against northern Syrian Kurds, the escape of the ISIS prisoners in northern Syria, approaching Boris Johnson's deadline of Brexit and failure to find a solution agreed by all parties and less than two... https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-on-october-7th/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/10/7th-October-Infinity-Galaxy.jpg Infinity Galaxy analysis of the crude oil price on October 7th Today, 7th October 2019, by the return of Saudi Arabia to the pre-strike production level and the starting of the Autumn season in the northern hemisphere of the earth, the stability of the oil market is predicted. The result of the negotiation between China and the USA about the trade struggle in the next week... https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-on-september-30th/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/10/30-September-2019-Infinity-Galaxy.jpg Infinity Galaxy analysis of the crude oil price on September 30th Positive news according to the return of Saudi Arabia to the oil market and production cycle, simultaneously with the global fuel price reduction, all have resulted in a 1% drop in prices. Making a fragile calm in the Persian Gulf region, Saudi Arabia's new decision caused approximate stability this week. Desktop pc computers pattern is... https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-on-september-23rd/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/infinity-galaxy-23rd-September-price-.jpg Infinity Galaxy analysis of the crude oil price on September 23rd Today, 23rd September 2019, despite Saudi Arabia's official comments on the return to previous capacity, accredited risk assessment institutions conclude that this return will not happen this soon. Their assumption, the rise in the northern hemisphere markets, and the beginning of the cold season, all may result in the stability or an ignorable rise in... https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-on-september-16th/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/infinity-galaxy-news-sep16th.jpg Infinity Galaxy analysis of the crude oil price on September 16th Today, 16th September 2019, Saudi Arabia oil prices have risen by 4% to 6% by starting the International oil markets. This increase is considered as a result of recent Saudi Arabia oil facilities strikes and the 5 million reductions in the exported oil. Although the United States and Saudi Arabia have simultaneously announced that they... https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-in-the-second-week-of-september/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/Infinity-Galaxy.jpg Infinity Galaxy analysis of the crude oil price in the second week of September On the 2nd week of September, a 0.7 % to 2.5 % increase in the base Opec and West Texas oil price seems to appear. Therefore, there aren't many serious demands on the market. Buyers are waiting for the end of monsoons in East Asia and the beginning of the new markets. The more community... https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-in-the-first-week-of-september/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/09/Infinity-Galaxy-Analysis-.jpeg Infinity Galaxy analysis of the crude oil price in the first week of September Today, September 2nd, 2019, the global oil and energy markets have started by a 2.5% decline in the oil price. Due to the OPEC's decision to keep the production volume stable, the OPEC oil price has not changed over the past few weeks. https://infinitygalaxy.org/report/infinity-galaxy-analysis-of-the-crude-oil-price-in-the-fourth-week-of-august/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Crude-oil-price-Infinity-Galaxy-.jpeg Infinity Galaxy analysis of the crude oil price in the fourth week of August On the 4th week of August 2019, oil and gas energy markets have started with a deflation ranges from %0.16 to %1.78. So a 2% decrease in the price of petroleum products is expected this week. amortizethat all these clicks continue to approach cost-free after amortizing the cost of WEBSITE SEO over time, typically the... https://infinitygalaxy.org/report/infinity-galaxys-analysis-of-the-crude-oil-price-in-the-third-week-of-august/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Infinity-Galaxys-analysis-of-the-crude-oil-price-in-the-third-week-of-August-2019.jpg Infinity Galaxy's analysis of the crude oil price in the third week of August Today 19 August 2019, the world oil price has raised about 1% and the OPEC oil price has started at about 1.87% depreciation. It seems that the products price will rise this week with an average pace, which can be neglected. Western, you are fine! Snowy screamed anxiously, Exams Material then 2 exam 3 strode... https://infinitygalaxy.org/report/infinity-galaxys-analysis-of-the-crude-oil-price-in-the-second-week-of-august/ https://infinitygalaxy.org/wp/wp-content/uploads/2019/08/Infinity-Galaxys-analysis-of-the-crude-oil-price-in-the-second-week-of-August-2019.jpg Infinity Galaxy's analysis of the crude oil price in the second week of August Today 13 August 2019, the crude oil market has started on declining prices compared to last week. It seems the market tend to have a monotonous status these days. Therefore, petrochemical products such as bitumen, paraffin wax, rubber process oil, slack wax, residue wax, base oil, and white spirit appear to be stable in price...