Weekly Reports: Get updated about Bitumen Market

Stable Lubricant and Base Oil Market with The Chance of Growth

Significant consequences of the Covid-19 epidemic continue to affect the markets of base oils, lubricants and recycled oil. Demand in the market has not yet recovered and oil products, especially fuel, have not been much attractive. In the base oil market, production has been restricted due to limited raw materials. Meanwhile, most refineries in the...

Weekly Oil Report: Energy Crisis Worsens Along Crude Rapid Rise

Oil had another gaining week and succeeded to reach near $85. The price has not been seen in the market for a long time. Brent closed the week at $84.24 and WTI could get to $82.47 on Friday. On Monday, the market continued the rising path. At the time of writing the report, Brent achieved...

Weekly Bitumen Report: Market Experiencing The Firsts

As it was reported in the last 4 articles of Infinity Galaxy, the market has been experiencing a continuous price rise. Therefore, we suggested the strategy of investment based on market trends. For the first time in the last 7 years, crude oil got almost stable in the level of 80 US dollar and no...

India Shocked the Market by Ceasing the Shipping from Several Origins

The price of recycled base oil and lubricant peaked in the first half of the year due to declining production and high demand. Last week, while production continued to rise, demand levels were moderated. Downward pressure on prices remains but they are looser after the sharp rise in oil prices due to the OPEC+ decision...

Weekly Oil Report: Reasons of Crude Price Rebound

The market was extremely positive about oil conditions after knowing supply is still under control. While the US had asked OPEC to increase the supply to reduce the oil sharp growth, OPEC did not consent to boost production significantly. After the meeting, Brent took back the three-year high and closed at $82.05 On Friday. WTI...

Bitumen Weekly Report: Shadow of Demand on the Golden Days of Market

Infinity Galaxy expectations regarding the reasons behind a flourishing market in last week's report came true. A stormy and absolutely active market was observed during the week. Crude oil touched $83 on Monday as a result of OPEC+ decision to stick to its plan to increase its collective crude production quota by 400,000 b/d next...

Expectations for a Rise of Recycled oil After the Sudden Reduction

The price of base oil and lubricant has been steady in the last week, unlike expectations. Meanwhile, oil prices continue to rise sharply. This increase in oil prices will also increase the initial costs of producing base oil. Oil prices are expected to rise by the end of 2021. The OPEC agreement on the previous...

Caustic Soda Market Report

What is going on in the Eastern Caustic Soda markets? China's electricity rationing problem persists, and over the last week, the price of Caustic Soda has increased by between $ 7 and $ 15 per day in China (most notably in North and East China). There is little indication that this trend will reverse in...

Weekly Oil Report: Crude Waiting For OPEC

Oil took the rally to $80 in the last week of September and had the 4th week of gains. Brent closed the week at $78.80 and WTI took over $75.72 on Friday. The market situation has both strong bullish and bearish sentiments. Bulls of the market still believe that prices will hike as the dollar...

Weekly Bitumen Report: The Powerful Return of Market after Monsoon

By the end of monsoon season in 2021, all the potential components of the market let the prices grow and as it was reported last week, the market got ready for a significant jump. Thus, during 23- 30Septemebr, by the increase of transportation costs, Iran increased its bitumen price about 7.07% in one step and...