Weekly Reports: Get updated about Bitumen Market

Unexpected Demand Growth In Base Oils and Lubricants 

Enduring tensions over Russian military reinforcements along Ukraine's borders have disrupted the supply of products and raw materials. Crude oil prices have also advanced amid concerns about a Russian invasion of Ukraine. Brent and WTI exceeded $90. Meanwhile, the Omicron strain of COVID-19 appears to be recovering despite the availability of vaccines. Different countries are...

Weekly Oil Report: The Shortest OPEC+ Meeting Pushed Prices Above $90

Crude oil rose above $90 during the first week of February. WTI and Brent gap narrowed as the market become tighter. Finally, Brent closed at $91.99 and WTI got to $91.95 on Friday, 4th February. Bullish factors of the market are almost getting stronger than before which is causing more growth. Geopolitical tensions, tight supply...

Weekly Bitumen Report: The Stormy January of the Market and Continuity of its record-breaking in Feb. 2022

The best monthly performance of crude oil with a growth of 17% was observed since February 2021. However, the global index of Brent was closed at higher than 91 US dollars on the last day of January 2022 which can be considered the highest productivity of Brent in the last 30 years. The reason for...

The Wild Beginning of February Along with a Sharp Rise of Rates

February, as predicted in previous reports, started with a sharp rise in oil prices. Markets of base oils and lubricants faced many issues during last week: Supply chain problems with increasing Omicron cases Reduction of labor and raw materials Political tensions in different parts of the world A sharp and unprecedented increase in crude oil...

Weekly Oil Report: Crude Rally Speeds Up

Brent rocketed through $90 in the last week of January, the price that it could not regain since 2014. Although the break was short and unstable, it reinforced the $100 forecast along with supply disruptions. Brent closed at $88.66 and WTI closed at $87.24 on the final trading session of Friday. Geopolitical risks are still...

Weekly Bitumen Report: The Lights of an Increasing Bitumen Market are ON!

Crude oil started the week at the level of 86 US dollars and till the time of preparing this report, it reached 89 US dollars. Although on Tuesday it dropped around 1 US dollars up to 85 US dollars, the analysts of the oil market do not forecast any sign or risk on the fall...

Geopolitical Impacts on the Base Oil and Lubricant Market

Uncertainty over future political events will have a profound effect on trade and business around the world. Asia's base oil market’s players appear to be on hold. As the risk of a military conflict between Russia and Ukraine rises, energy prices are skyrocketing in Europe. This invasion has obvious effects on all physical markets. Base...

Weekly Oil Report: Geopolitical Tensions Driving Crude Higher

The market slowed down last week after the fearful starting days of the week. The increasing US oil inventory lit up the idea that the growth pace might have been fast. The two benchmarks, Brent and WTI, closed at $86.76 and $84.76 on Friday. But doubts did not last long. Tensions in Eastern Europe and...

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...