Lubricants
Weekly Lubricant Report: Rising exports of lubricants
Crude oil prices remained around $82- $83, failed to break the resistance and remained in the same range. There have been no particular economic events in the market during the last week, but only in Iran due to the high inflation, the exchange rate condition of the dollar against the rial and reaching the all...
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Lubricants
Weekly Lubricant Report: Recycled Base Oil Prices React to Shifting Economic Conditions
After OPEC reduced 1.6 million barrels of oil and increased the price of Brent oil to $80, the price is still at the channel $80. It has recorded its increase of 13 dollars for the last two days. Despite the concerns of the reoccurrence of economic recession similar to 2008, yesterday one of the managers of...
mozhdeh-darbandi
Apr 12, 2023
Lubricants
Weekly Lubricant Report: All Markets Tend to Rise Along Crude Cut
Market participants become hopeful about the supply and demand of 2023 by the new voluntary cut of OPEC. The cartel admitted to being ready to continue the cuts for March and after as well since they want to avoid any surplus in the markets. This action has its own opposition including the USA which finds...
Mahnaz
Apr 5, 2023