Weekly Reports: Get updated about Bitumen Market

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...

The calm market waiting to ignite again in 2022

The base oil market has been slow over the past few days, as many operations have either been shut down or were operating slowly during the Christmas and New Year periods. There weren't any signs of price movements in the market, and most levels remained the same from the last report. However, there are some...

Weekly Oil Report: Holidays and Lockdowns Ruling over

Christmas is here and crude oil finished the year in the same range as last two weeks. Holidays got markets into sleep in many countries. Brent started Monday’s market at $75.75 and WTI began with $73.72 and climbed slightly down. The downtrend is not over yet with the negative sentiment of Omicron and demand fall....