Weekly Reports: Get updated about Bitumen Market

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...