Weekly Reports: Get updated about Bitumen Market

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...