Weekly Reports: Get updated about Bitumen Market

Unprecedented USD Fall amid Pandemic Led to a Disoriented Market

The growth in base oil prices throughout Europe, the Middle East, and Africa slowed down in the past couple of weeks, but there are a few signs of descending pressure. While feedstocks for base oils are constrained, refineries are operating at diminished rates because of the lower demand for fuels. Raw material prices have fallen...

Weekly Oil Report: India and Iran Shifting the Market Short-Term Outlook

In recent weeks, oil experienced many contradictory reports. Some expecting the price to rise while some predicted a fall. Here we review the oil outlook for short term, mid-term and long-term visions. Oil short-term outlook is not much promising. Surprising events, including new waves of Covid-19 pandemic in many countries and Iran-US highly probable nuclear...

The Conflict of Supply;Demand by the Commencement of New Wave of COVID-19

Market fluctuations and changes in the past week were very surprising. The shadow of the COVID-19 outbreak in the whole of India has disrupted the market of bitumen and other commodities. Based on the evidence, it is expected state-wise lockdowns to be extended till mid-May 2021 and even more. Aerial, rail, marine transportations to India...

The shadow of pandemic on recycled Oil market

The disquieting situation of India due to the new surge in COVID-19 cases remains strong and the news indicates that the lockdowns will be extended for another week. India's healthcare system is facing a severe pandemic, and the crisis of oxygen and medicine shortages is a serious issue. Before the pandemic situation in India, the...

Weekly Oil Report: Iran Increasing Crude Oil Exports

Oil has been under pressure as the emission-free programs set to get stronger. On Thursday, U.S. President Joe Biden unveiled a new emissions-reduction target to cut greenhouse gas emissions by 50-52 percent from 2005 levels in 2030. China has also declared to get to carbon neutrality by 2060. According to studies, electric cars are getting...

Re-Positioning Main Players of the Market amid Pandemic and Supply Tightness

on April 23 While future crude oil trades slumped for the third day, yesterday Oil prices surged in hopes of demand recovery for fuel in the United States and Europe. Despite rising COVID-19 cases in India, the world's third-biggest oil importer, and raising concerns in Japan, signs are still showing a fuel demand recovery. The...

The Transitional Status of the Bitumen Market

By an overall look at the commodity markets, generally it can be seen the rates were decreasing in Asia. For example, BAPCO, the National Oil Company of Bahrain, decreased its bitumen price up to 10$/Mt in last 4 months! Aramco in Saudi Arabia was attacked once again by Yemen missiles. The hidden negotiations between Iran...

Weekly Oil Report: Demand falling amid more lockdowns

[vc_row][vc_column][vc_column_text]Oil price followed almost a stable trend, fluctuating about ±3 USD within the last week and it is predicted to observe the same stream in the current week. Based on reports, Iran reached its highest level of oil production in the last 15 months, and now Iran with the capacity of producing and exporting 2.5...

Bitumen Market Waiting for Negotiations and Lockdowns

Negotiations between Iran and 5+1 in Vienna continue in a shadow conflict between Israel and Iran. An Israeli-owned ship was attacked near the shores of the Fujairah Emirate on Tuesday. The attack came a day after Iran vowed to avenge the explosion at Natanz nuclear facility. Up to now, none of the countries accepted any...

Recycled Oil Demand Rising Amid the New Covid Surge

This week, while the Iranian market was relatively calm compared to previous weeks, the Indian market fluctuated abundantly. On April 12, the Indian rupee depreciated against the USD. This is a new concern that the Indian market has to deal with along with lockdowns and restrictions for the new Covid-19 wave. Despite the recent rising...