Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Chaos Formed by Mixed News

All Markets lingered in shock of oil as crude suddenly fell by 8% and quickly recovered after. The bitumen market, though, stayed active. Brent finally closed at $92.11 and WTI settled at $86.19 on Friday. [embed]https://youtu.be/VhQPS8KxRr0[/embed] On the daily chart, you can see how sharply WTI plunged on Tuesday and Wednesday. Traders were all shocked...

Weekly Bitumen Report: The Oil Shock on 7 September and its Impacts on the Market

Based on the latest economic reports and investigating the different economic indexes in the world, most analysts believe that the rate of commodity production is lowering in the world can be because of a reduction in consumption and normally, the energy demands will decrease too. This was enough for OPEC to reduce oil supply by...

Weekly Lubricant & Chemical Report: Mixed Signals Rushing to Markets

During the last week, after Russia cut the Nord Stream 1 pipeline to Europe and announced in the last political positions that until Europe does not remove the sanctions, Russia will not open the pipeline either, as a result the oil and gas conditions have entered a new stage in the world.  Europeans claim that...

Weekly Oil Report: Confusion Running Through Markets

The fall of crude oil, for the third consecutive month, slowed down bitumen growth but couldn’t stop it for September. Brent closed at $93.31 and WTI settled at $87.06 on Friday. [embed]https://youtu.be/W0CmT8jbSbU[/embed] Oil plunged by about 10% in August, closing below $100 for the third consecutive month. The current daily chart of WTI shows a...

Weekly Bitumen Report: The Start of Export Season with a 42-USD Increase in India Bitumen Price

After 190 days of Russia's war against Ukraine, the USA warned its citizens to leave Ukraine more immediately which can be due to the fear of Russia's severe attacks on Ukraine. Russia stopped its gas transfer to Europe because of the repairs in the gas pipe of Nord Steam 1 for 3 days. However, only...

Weekly Lubricant & Chemical Report: Stable Condition in the Market

On Monday, after receiving weak signals regarding the upward trend of crude oil prices, the market became a little more optimistic about the future, and the price of Brent crude oil reached about $98 at the time of preparing this report. During the past week, after the celebration of Ukraine's independence day and Russia's threat...

Weekly Oil Report: Markets Are Still on Edge

Crude oil grew back slightly as expected leaving the bitumen market a bit confused. The weakness is not over. [embed]https://www.youtube.com/watch?v=c1yaTA6bZzY[/embed] Brent oil closed at $100.70 and WTI rose up to $92.96 on Friday. In WTI daily chart, the growth was not significant considering the buying pressure. The weakness is still diming the market and it...

Weekly Bitumen Report: The 100th Simultaneous Report with Positive Market Signals to its Activists

In the 100th weekly report of Infinity Galaxy, we would like to thank our valued readers.  As already predicted, by approaching September and the end of the monsoon, the market is expecting more growth. However, the unrest in the world is still going on. In the 183 days of Russia's war against Ukraine, the observers...

Weekly Lubricant & Chemical Report: Expectation of Positive Upward Trend for after Monsoon

On Monday, the price of Brent oil started at around $93 to $94. As mentioned by Infinity Galaxy in Monday 's report, the technical trend of the market shows the increase of oil prices, but it was reported in a very weak way, and by the time of preparing this report, the price of Brent...

Weekly Oil Report: Is A New Pump Coming for Crude?

Another week passed with new dips of oil caused by uncertainty and probable higher supply. Brent oil closed at $95.76 and West Texas Intermediate settled at $89.87 on Friday. Although the price of oil dropped last week, the daily chart of WTI is indicating a slight weakness toward moving down. Considering the MACD and the...