Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: A Weak Market in the First Week of the New Year

In the first week of 2023, the leader of the Republicans could not win the election of USA Senate after several times of voting which was an unprecedented even in America during the last 100 years. This incident led to an easier path for Joe Biden for the next 2 years. In the last week...

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 ,...

Weekly oil Report: Silent Markets of January

Crude oil and all the other markets were quiet and dull in the last two weeks due to the Christmas Holidays. Brent oil closed at $85.95 and WTI settled at $80.42 on Dec 31. Watch the technical analysis of crude: https://youtu.be/4lAchTU-hCI The freezing days in the US and the hectic spread of covid in China...

Weekly Bitumen Report: End of 2022 with 2 Contradictory Scenarios in China

The last week of 2022 passed while Russia’s war against Ukraine started more than 310 days ago and it is heard that more severe attacks to Kherson will happen. This war led to hyperinflation in the world and recession in many of the regions. The approximate damages were estimated more than 500 billion dollars. In...

Weekly Lubricant Report: Slow Motion of Lubricant Market

Last week, with the publication of news about the reduction of Russian production to 700,000 barrels and the reduction of American strategic reserves, the price of Brent oil reached the threshold of 78 dollars. During this week and from Monday, after the publication of news from China about the removal of most of the corona...

Weekly Oil Report: Weak Markets At the End of 2022

Crude oil moves weakly as it gets closer to the end of the year. Bitumen and petroleum products continue with relative stability. Brent closed at $84.49 and WTI settled at $79.39 on Friday, 16 Dec. Watch crude oil technical analysis: https://youtu.be/t7ruzhAowvU In 2022, WTI started at $ 75 and it is ending the year at...

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...

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,...

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...

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...