Weekly Reports: Get updated about Bitumen Market

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...