Weekly Reports: Get updated about Bitumen Market

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...