Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Crude Appeared Determined to Rise

Oil took back the highest price in the last two months then retreated slightly on Friday session. Traders preferred profit-taking seemingly or consider the crude just overvalued at the stated levels. Ultimately, Brent closed at $76.99, and WTI touched $73.96 at the end of the trading session of 24 September.  Crude closed the third week...

Weekly Bitumen Report: Optimism and Price Increase after a Period of Recession

As it was mentioned in last week's report of Infinity Galaxy, the market of bitumen is completely dynamic following the trend of the price increase. Also, it was reported that India cut down bitumen price by about 700 INR on 15 September, but it will be a temporary and fragile fall that will be replaced...

Soaring Freights Shocked the Market

Last week, natural disasters disrupted the export and import schedules. Hurricane Ida caused severe power outages that disrupted the normal operation of ports and terminals. It delayed the shipping procedures. Many plants faced shortages of raw materials for the production of synthetic lubricants, which were exacerbated by shortages of additives and other chemicals. Energy companies...

Weekly Oil Report : Price stability of oil and factors influencing its upward trend

Despite the unstable market conditions, the Brent price was able to stay in the $ 70- $75 range during the last week from September 13 to September 20. The maintenance of this price over the past week indicates that the world economic situation is improving. On the other hand, the number of Corona cases around...

Weekly Bitumen Report: Dynamic Market In the Shadow of Vaccines and Crude

Within the last week, crude oil followed its upward trend and at the time of preparing this report, it touched the level of 75 US dollars. Bahrain increased its bitumen price by $20 once again and stopped at $425 per ton, and generally, a surge of $40 was observed in its bitumen prices during two...

China Mega Storm and General rate increase Changing the Game

In addition to all the unpredictable events that have plagued businesses and traders, natural disasters have also hit the market in recent weeks. Rather than affecting the oil market and prices, these events have turned shipping operational disarray into a disaster. As we mentioned in last week's report, Hurricane Ida made some markets volatile while...

Weekly Oil Report: Hopes Are Still Keeping the Market Bullish

Crude price bounced back during the last three weeks after stronger hopes for a steadier market and demand. Last week, oil fluctuated in the range of $ +2 / -2 as we expected. With a growth of about 2.5%, Brent could close at $73.34 and WTI got to $69.58 on the last seconds of the...

Bitumen Weekly Report: Market Tendency to Increase in Near Future

The market of bitumen in India had a slow flow within the last week due to the factors like devaluation of Indian Rupees against the US Dollar and less demand. Therefore, buyers expect a drop in rates in other countries such as Iran. Here are several facts opposing such expectation: Increase in crude oil rate...

Expectations for Price Reductions Failed

In recent weeks, there have been developments in the oil and lubricant market that did not last long. At the beginning of the week, due to the fall in oil prices, the recycled oil price tended to fall. Even though, the recycled base oil SN 150 FOB price fell to around $680. Since Monday, Pfizer...

Weekly Oil Report: The Vicious Cycle of Covid and Economic Transformations

Crude succeeded to rise a bit higher in the first week of September. However, the rise was not significant due to several incidents, including the oil spill of the Ida hurricane in the Gulf of Mexico and a variant of interest of covid. The crude ended Friday with Brent at $72.05 and WTI at $69.20....