Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: How Did the Market Get Confused?

After 288 days of Russia’s war against Ukraine, G7 Group announced its final decision about Russia’s price cap on 5 December. Based on this decision, the price cap of Russia’s oil was determined USD 60. According to the estimations of some authentic experts and analysts such as Standard Chartered believe that the price cap cannot...

Weekly Lubricant & Chemical Report: New Wave of Uncertainty in the Market

After releasing new data on the US service sector and increasing concerns about the contractionary policies of the US central bank, the price of oil reached its lowest level in the past year. Crude experienced a noticeable decrease on Tuesday and Wednesday and Brent got below 80. On the other hand, the increase in Venezuela's...

Weekly Oil Report: Fear Rising by Tensions in Markets

  A bit of growth in crude oil could not fade the fear in the market. Fuel and bitumen were almost downward. Brent closed at $85.90 and WTI settled at $80.21 on Friday, 2 Dec.   [embed]https://youtu.be/acGbUjdJYL8[/embed] Crude oil, as expected last week, had a slight comeback after a moderately sharp fall. The price movement...

Weekly Bitumen Report: The Market Under the Influence of COVID Outbreak in China

During the last week, the world of economy was following the outbreak of COVID in China worryingly. By the announcement of new cases in China and more new restrictions in the 7 cities of China, there were objections to the zero COVID policy. This wave of objections and the outbreak of the virus led crude...

Weekly Lubricant Report: China's Protests and the Price Reduction of Oil Products

Due to the spread of Corona, the price of crude oil has decreased to 81 dollars and the average for November has been around 86-87, while in October it was around 92-93. Generally, the market has been affected by the fear of Corona. In a situation where most of the countries in the world have...

Weekly Oil Report: Conflict of Market Directions in Crude and Petroleum Products

Crude oil had another sharp decline but bitumen stayed confused with the trend. Brent closed at $83.79 and WTI settled at $76.53 on Friday, 25 Nov. Watch the technical analysis of WTI: https://youtu.be/0QtVweQMQ2w The third week ended for oil with a sharper fall. The downward momentum is strong and we can expect lower prices in...

Weekly Bitumen Report: Market Confusion after the 3.75% Fall in Crude Oil Price on Wednesday

On 274th day of Russia’s war against Ukraine, the widespread attacks of Russia led to power cut in most of the regions of Ukraine and millions of the Ukrainian did not have water or heating appliances accordingly. However, the severe sanctions against Russia led to the partially zero export of Russia’s oil to Europe in...

Weekly Lubricant Report: 4.5% Increase in the Price of Lube-Cut

On Monday, the price of  crude oil opened negative, and it is expected that the price of crude oil will decrease due to the increase of Covid in China and the continuation of zero-Covid policies. Singapore fuel also opened negative and it seems that the market cannot tolerate these high prices yet. Generally, the conditions...

Weekly Oil Report: Battling with Market Imbalances

Crude oil's sudden plunge caused a confusing market with mixed directions in Bitumen and other petroleum products. Brent closed at $87.82 and WTI settled at $80.14 on Friday, 18 Nov. Watch WTI Technical Analysis: https://youtu.be/XTO1qjgqiTk The expected double-top pattern was almost completed in the week! The fall was quick and it left a long tail...

Weekly Bitumen Report: The Stability of Bitumen Price in Singapore and its Increase in Iran and India

After more than 9 days, the final results of election of US Senate and US House were released and finally the Democratic party became the winner of Senate and the Republican party got the seats of the parliament. On November 16, Donald Trump also announced his candidacy for the next presidential election.  These political changes...