Weekly Reports: Get updated about Bitumen Market

Weekly Lubricant and Base Oil Report: In Spite of Predictions, Recycled Base Oil Prices Continue to Rise

In the 12th week of the Russia-Ukraine war, crude oil prices continued to rise and reached $114 as Ukraine appeared to have won victories in some cities, along with Finland and Sweden announcing for the first time that they wanted to join the NATO military alliance. This is in a situation where due to the...

Weekly Oil Report: Lower Demand Claims Could Not Pull the Price Back

Oil prices increased at the end of the week despite forecasts about weaker demand in 2022. Reports, mostly by OPEC and IEA, show that there will be a lower demand for oil in 2022 since inflation is still rising. However, the reports could not suppress the prices and Brent closed at $111.19 and WTI closed...

Weekly Bitumen Report: Shadow of Recession over the Bitumen Market

The 78th day of Russia-Ukraine war ended with conditions threatening Finland after it expressed its interest in joining NATO. During these 78 days and huge losses to both countries and the global economy; US inflation is estimated at around 8.5% and Indian inflation between 6.95% to 7.5%. This unprecedented inflation and the fact that crude...

Weekly Lubricant and Base Oil Report: Predict to stop rising Recycled Base Oil prices after a period of the sharp rise

Over the last week, crude oil prices have fluctuated between $105 and $113. Despite last week's meeting of OPEC and their decision to increase the capacity to 480,000 barrels from 1st June, this decision did not have a serious impact on the market and the market did not show a serious decline.However, the more open...

Weekly Oil Report: Supply Disruptions Intensify

The first week of May brought another consecutive week of growth for crude. Brent oil closed at $112.34 and WTI touched $110.49 at the end of Friday’s session. Russia’s new war deadline fears, the EU's disappointment to find new suppliers, and the new US attempts to stop the oil monopolies intensified the supply disruptions. May...

Weekly Bitumen Report: Shall the Bitumen Prices Fall?

During the last weeks, most of the buyers in different regions of the world were searching whether the bitumen prices will decrease or not? Due to this matter, many of the buyers stooped purchasing and significant confusions were observed among the market activists. In response to this question, we should consider the factors affecting raise...

Concerns About Production Shortage in the Market

In the past two weeks, Russia has captured two major Ukrainian cities. Reports indicate that three major Ukrainian ports will also be closed. These issues caused a direct impact, especially on agriculture. It seems that the market will face many deficiencies in the summer. One of the most important effects of the Ukraine war is...

Weekly Oil Report: Persistent Growth of Commodities

Crude oil recorded over 2% growth for the fifth consecutive month. Brent closed at $105.85 and WTI closed at $104.13 on the Last week of April. The situation with fundamental concerns stays similar to former weeks. Technically, the momentum of the price growth has slowed down and we might have a price correction in May...

Weekly Bitumen Report: The Potential Factors Running Market Ambiguously

Considering the extent of the last week’s events, we will discuss each one separately. Russia- Ukraine War In the 64th day of Russia- Ukraine war, its consequences are affecting on the complexity of the market variables. Guterres, the secretary general of the United Nations, travelled to Moscow three days ago and visited Putin, the president...

Temporary Fluctuations Disrupting the Market

As Russia's war with Ukraine continues, hopes for a better crude oil market waned. In recent weeks, Russian oil exports have declined and cross-sectional fluctuations have continued to disrupt the market. This has caused energy and fuel prices to rise around the world. Disorders in the supply chain and price pressure are still continuing due...