Weekly Reports: Get updated about Bitumen Market

Weekly Lubricant Report: Fluctuations Pulling Prices Down

During the last week, compared to the same period of the previous week, crude oil prices fluctuated less and moved in the range of $99 and $107. However, Infinity Galaxy had indicated in its reports that this fluctuation may be between $90 and $110, this range has been maintained until today, and Brent oil sometimes...

Weekly Oil Report: Uncertainty in Demand and Supply

Crude oil and bitumen were volatile in the expected range of last week. Brent finally closed at $103.60 and WTI settled at $95.00 on Friday. In the daily chart of WTI and Brent, we can see that the falling momentum has decreased. The price level around 93 is very strong for WTI and it is...

Weekly Bitumen Report: The Two-Bladed Sword of Recession and Probable Dynamicity after the Recent Falls of Bitumen Price

After 148 days of Russia war against Ukraine, while some of the American magazines had reported that Russia is planning to make the invaded cities of Ukraine as a part of their own land, gas transfer of Russia to Europe i.e. Project Nord Stream 1 started after a 10-day gap due to the yearly maintenance....

Weekly Lubricant Report: Possible Price Reduction Stimulating Hopes in Lubricants

On Monday, the Brent crude oil price traded around $101 in the world markets, which had a serious decrease compared to last week. It reached below $100 after 5 months, and experienced a start above $100 again. Until Wednesday, by the time this report was prepared, the price of Brent oil reached around $105. Over...

Weekly Oil Report: Mixed Signals Within the Market

Crude oil price dropped by the fear of the recession in the first days of the week. But it recovered as the fear eased down and supply expectations failed. Despite the 12% plunge in the price, it did not cross the blue support in the chart. Brent bounced back above $100 at $100.79 on Friday...

Weekly Bitumen Report: The Equity of US Dollar against Euro after 22 Years and its Effects on the Export

As it was mentioned in our last week analyses in June 2022, the average of WTI and Brent observed a recession after six month that was a sign of control over oil price. In July, oil prices started at the level of 113 US dollars but from 5 July onwards, the fears in the financial,...

Weekly Lubricant Report: The Fears of International Trade

As mentioned in the Friday bitumen report of Ms. Razieh Gilani, hard choices are now on the table of the economy in different countries, whether they should deal with hyperinflation in their country or choose stagnation. Since last Tuesday, 5th July 2022, when the news about the increase in interest rates in the United States...

Weekly Oil Report: Recession Fears Shortly Suppressed Markets

Commodities experienced a sudden and temporarily plunge during the first week of July. Oil dropped about 9% on Tuesday because of an emotional reaction to fears of a possible recession following the interest rate increase. Brent, finally, grew back to $107.00 and WTI closed at $104.78 on Friday. In the 4h WTI chart, the price...

Weekly Bitumen Report: The Tough Options in front of the Economy

Infinity Galaxy team was planning to release its first videocast in the first week of July, which was prepared on 5 July, but the strong earthquake of oil price changed the whole prepared scenario. The first 7 days of July passed with a drop of more than 10% in oil price. During the last week,...

Weekly Lubricant Report: Unprecedented Fluctuations By Rising Fears

The crude oil price was reported at $116 on the last day of June and respectively it closed with a decrease in the average price compared to the previous months. On the 5th day of July, due to the intensification of the fear of stagnation in the market, the price of crude oil decreased by...