Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Mixed Sentiments of the Market

Slightly Growing up, crude made many optimistic toward increase continuation. Technically, charts are still weak for turning up. Fundamentally, the market is in a mixed condition. On Friday, Brent closed at $97.84 and WTI closed at $91.87. On the Weekly chart of WTI, last week's growth was not much promising against the prior fall of...

Weekly Bitumen Report: The Market is Hoping a New Start by the End of Monsoon

On the 169th day of Russia's war against Ukraine, the critical war situation changed with the attack of Ukraine to Crimean Peninsula. As a result of this attack, the military base of Russia exploded, whose impacts can be strongly felt in the war process. During the last week and by the publication of a new...

Weekly Lubricant Report: Lubricant Market under the Crude Fluctuations

Over the past week, by the publication of US Non-Farm Payrolls report with the increase of employment in July, and the increase in the salary level for the private sector in the United States, the optimism that the United States can overcome the current conditions has increased, and thus with the changes in dollar, the...

Weekly Oil Report: Crude Slumps by Demand and Dollar

The first week of August brought a deeper plunge for oil. Uncertainty grew larger in markets as the outlook of demand and dollar surprised traders. Breaking a strong resistance level at $92, WTI closed at $88.53 and Brent settled at $93.66 on Friday. Price is currently under a yearly and monthly pivot point, probably strong...

Weekly Bitumen Report: The Return of Doubts to the Market by the Recent Drop of Crude Oil Prices

In the 163rd of the Russia- Ukraine war, although it seems that Russia is partially overcoming Ukraine, the military aids of the West to Ukraine has reduced the speed of Russia’s progression. However, the various contradictory events and incidents in the market of energy and economy have raised the doubts and the market players are...

Weekly Lubricant Report: The Promising Movements in the Market after the Long-lasting Recession

On Monday, 1st August, oil markets opened with oil below 100 dollars, while reports from Singapore showed the slowing economic growth in China and Japan, fears of a resurgence of the Coronavirus, and re-quarantine in China. These reports illustrated that China could not reach zero corona in July, this fear caused the price of oil...

Weekly Oil Report: Is Crude Slump Over?

Bullish sentiment ignited in crude and bitumen in the last days of July. Movements are growing are growing in various markets. Brent closed at $103.31 and WTI settled at $98.28 on Friday. Brent and WTI closed below last month in July. The price had a small growth on Friday due to a stronger concept of...

Weekly Bitumen Report: The More Market Dynamicity to be Expected from First August and Fall of Bitumen Prices in India

During the last week, no special fundamental incident was observed in the international arena whose effects can have a serious impact on the economic trend of the market. The only notable point is the ongoing war of Russia and Ukraine after 155 days. The attacks to western fronts of Ukraine are going on. On the...

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...