Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Will the Record of Bitumen Price in November 2021 be broken?

Observing last week's happenings, maybe it can be said that now the main concern of traders and importers is whether the bitumen price will touch the same price level of Nov. 2021. The tournament of crude oil seems to continue non-stop and brent touched its highest level after the attacks on the outskirts of Abu...

The Turning Point of Base Oil and Lubricant

The base oil market was almost steady last week and might find more stability in the next few days. The conditions of the base oil market have been better than the same time last year when there was a shortage of production and a sharp rise in prices. With growing tensions in the Middle East...

Weekly Oil Report: Crude Surged Ignoring China Attempts to Stop It

Supply constraints and dollar weakness stimulated crude oil by over 6% during the week. Brent closed at $85.66 and WTI got to $84.39 on the Friday session. Geopolitical risks led to more gains. The price is likely to remain above $80 for the rest of the week. China tried to kill the crude oil rally...

Weekly Bitumen Report: The Turbulent Market is Surprising its Role Players

On 31st Dec. 2021 and when such a volatile market was not expected, Infinity Galaxy correctly predicted the calm before storm and on 7th Jan. 2022, it was also reported that the whole determining factors of bitumen price are in line with each other and the only unknown factor can be the effect of COVID-19...

The Market Wakes from Hibernation

Crude oil persists to rise despite pledges from OPEC+ and other major producers to increase supply and control crude prices. crude increased around 4$ compared to the end of 2021. The price trend of base oil and lubricant products appeared to grow at the start of 2022. Rising prices for crude oil and raw materials...

Weekly Oil Report: Gains Following Supply Uncertainty

Crude price gain amused many market participants for the third week. Brent and WTI managed to grow by over 5% during the week. Finally, Brent closed at $81.34 and WTI closed at $78.85 on Friday, 7 January. Technically, the price is strong enough to stay above $80 for a while. The market can face better...

Weekly Bitumen Report: Factors Affecting Bitumen Price are in Line to See an Upward Market

As it was mentioned in last week report of Infinity Galaxy, the New Year started with a calm before the storm. Although many of the readers did not agree with this prediction, it came true by frequent and heavy competitions among the refineries, surge of oil price, and other factors that will be discussed here....

Base Oil, Lubricants and caustic soda Prices Moving Further

Since January, the oil price has reached about $79. The reasons for the increase are as follows: Every year, the market faces the new year holidays with a lower volume of trades that can change the price for a while Oil demand expectations have risen for the new year. OPEC has still stuck with the...

Weekly Oil Report: Tighter Supply and Omicron Concerns

Finally, 2022 is here and many countries are in their Christmas holidays. Stock markets and banks were almost closed as well; therefore, market activities and trade volumes were not as normal days. Crude oil started the year with gains that were stimulated by the supply cuts of Libya ahead of the OPEC+ meeting. Brent opened...

Weekly Bitumen Report: The Fragile Stability of the Market

Within the last one week, the market experienced fragile stability due to lack of demand and hence, prices were dropped by some of the suppliers while significant competition was observed among the refineries. In an overall look, the market was under the influence of the below factors in the recent days of 2021: Competition on...