Weekly Reports: Get updated about Bitumen Market

Weekly Oil report: worldwide lockdown possibility

While the world was hoping for lockdowns to come to an end globally, new strains of the virus got stronger in the 2nd week of January. China, the origin of the first coronavirus in 2020, locked down two cities of Shijiazhuang and Xingtai. The lockdowns expanded to a couple of other districts in Beijing. The...

Imbalance of Supply-Demand Cycle due to the Shortage of VB and Fall of USD against Rial

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy By approaching the official commencement of Joe Biden’s presidency, Iran currency market followed a decreasing path and it is expected to be continuous for the next days with the hope return to JCPOA. On the other hand, the considerable imbalance of supply and demand...

Weekly Briefing: A Brighter Year For Oil

  After the new year eve, markets pushed higher, and volatility seems to be lower. In lieu of the rising fear of new upcoming lockdowns and coronavirus strain, the market still expects brighter days. VIX dropped 25.40% in the first week of January, indicating more risk-tolerant traders. The stimulus package and released vaccines helped the...

Commencement of 2021 with an Upward Trend of Oil Products Prices

This article was prepared by Tina Taghavi, the sales manager of Infinity Galaxy With the start of the New Year, as we predicted in previous weeks, prices have increased, and at the beginning of the New Year, there is no sign of declining prices. Although Some sources have reported that prices will remain stable in the first...

Cut-down of Oil Production, Increase of Demand, Shortage of Supply! How will be the beginning of 2021 Bitumen Market?

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy Although New Year holiday was the dominant phenomenon of the week, it was simultaneously a very challenging one.Saudi Arabia announced it will make a 1mn b/d voluntary crude output cut in February and March through which the first signs of oil price increase were...

An Overview of the Bitumen Market in 2020

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy Finally the unpredictable 2020 came to an end and Infinity Galaxy wishes a very happy New Year, hoping for a better world in 2021.In the first article of the New Year, it is worth to have an overview of what occurred in the bitumen...

Oil market Review till first of January 2021

This article was prepared by Mahnaz GolMohammadian, the Office Manager of Infinity Galaxy. Despite the near-term bullish trend in the past few weeks and verified vaccines, the new variant of coronavirus in the UK brought a negative sentiment to the market again. As we know, the new strain is up to 70% more transmissible than...

Continued growth in Recycle Base Oil demand and Supply on the eve of 2021

This article was prepared by Tina Taghavi, the sales manager of Infinity Galaxy the new wave of coronavirus in the UK led to a drop in Brent oil prices on global markets but the price trend in the market continues to grow. on December 15, Indian refineries considered fuel prices constant and raising the price of bitumen...

Oil Price Cut-down will not Affect Bitumen Price Constantly

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy The road construction global demands have significantly led to the growth of market. However, the sudden and unexpected changes of the raw material price might affect the trend of market growth. As the wave of COVID-19 vaccination is getting stronger in all over the...

Iran Market Bitumen Prices Hiked up 15$/MT as the Global Demands have Increased

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy During 12-17 Dec. 20, oil price had an upward movement and at the time of preparing this article, the current rate of Brent oil is $ 51.36 per barrel. On 14 Dec., the official results of Electoral College were announced by which Joe Biden...