Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Tensions Rising in Crude Market

Crude oil had tough days during last week. Russia’s threat to cut gas import to Europe, a missile attack on Aramco oil terminal and covid resurge resulted in prices over $120 during the week. However, Brent closed at $116.05 and WTI closed at $112.64 on Friday’s last trading session. Fundamentals are mixed but they mostly...

Weekly Bitumen Report: Ambiguity and Confusion in the Market

During the last week, the bitumen market faced frequent ups and downs. On 18 March 2022, while crude oil stood at the level of 106 US dollars, in less than one week and till 24 March 2022, it reached 119 US dollars. Such a severe increase after the fall of 11% made the market more...

High Demand vs. Tight Supply of Recycled Oil

Iran's Nowruz holiday has started on March 20; therefore, companies stopped their production about 10 days ago. Due to delivery schedule problems, the price has gone up and the issues seem to continue until the first week of April. Base oil prices reacted to the volatility of energy and oil markets. Prices have been evoked...

Weekly Oil Report: Is Crude Preparing for Another Rally?

Oil prices set back in the middle of the last week due to the calmer situation of the war and a sudden sentiment for the increasing supply and rising interest rates of the US. The prices even touched below $100 but on the last session of the market, Brent closed at $105.75 and WTI touched...

Weekly Bitumen Report: The Parallelism of Crude Oil and Bitumen Price

Within the last week, the start of negotiations between Ukraine and Russia about the war modified crude oil price somehow and till the time of preparing this report, the level of crude oil was 106 US dollars. However, the outbreak of a new variant of COVID in China and new lockdowns in some of its...

Remarkable Augmentation in India's Fuel and Petroleum Market

Markets have been volatile in recent weeks as crude oil prices have risen to around $135 sharply. However, in the last few days, there was a collapse to around $101 and even slipped below $100 in a few hours of Tuesday, March 15th. This downward trend doesn't seem to have an analytical foundation and seems...

Weekly Oil Report: No Short-Term fix for Energy

Crude oil had quite a surprising week in which it could see both a bursting surge and dump. It opened at almost $126 at the first of the week and touched over $130. After several positive sentiments for supply, it retreated about 12%, the biggest decline in months. Ultimately, Brent closed at $109.94 and WTI...

Weekly Bitumen Report: The Shadow of War and its Unclear Impact on the Commodity Markets

During the last week, the commodity markets in all over the world were strongly under the influence of the Russia-Ukraine war. Imposing the official sanctions against Russia’s oil, gas, and coal by the USA led to the surge of crude oil price up to 135 US dollars. The threat of Russia to stop the export...

Threats of Sanctions on Russian Oil Shocked the Markets

With the escalation of the war in Ukraine and the fall of Kherson City, oil prices crossed USD 130 and reached its highest level in ten years. Factors that hit the markets the most are as below: European threats of sanctions on Russian oil US sanctions on Russian oil The departure of international companies from...

Weekly Oil Report: On the Brink of an Energy Crisis

Crude strongly surpassed $100 during the first week of March after no sign of weaker demand or increasing supply. Brent closed at $118.04 and WTI reached $115.00 on the Friday session. The high prices are an alarm to countries and governments but OPEC+ members seem to be enjoying as decided to stick with the former...