Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Hot Middle East, Static Market

During the last week, intense Israeli attacks on Gaza have continued, and widespread international condemnation continued. At the same time, Donald Trump, who recently postponed many of the announced tariffs on China, in a new decision and in a phone call with the President of the European Commission, announced an extension of the suspension of...

Weekly Bitumen Report: Bitumen Market, Global Prices, and Internal Pressure

In the past week, Donald Trump and his team signed economic contracts in the Middle East, lifted sanctions on Syria, negotiated for the freedom of an American citizen who was held captive by Hamas, and stopped military operations on the Houthis in Yemen. The import tariffs of the U.S. against China were significantly declined. They...

Weekly Bitumen Report: Political Changes, Energy Imbalance, and Over Supply: Mixed Signals for the Bitumen Market

Last week, there were a lot of political and diplomatic changes in different parts of the world. In the Middle East, Israel started a new, big military operation in the Gaza Strip. They said they will keep going until the area is "completely cleared." These attacks have caused more worries around the world about the...

Weekly Bitumen Report: Geopolitical Pressure and Oversupply; Bitumen Market on the Brink of Cautious Adjustment

Over the past week, geopolitical tensions have risen across multiple regions. In South Asia, India launched a wide-scale airstrike on targets in Pakistan in response to a terrorist attack in Kashmir, resulting in dozens of casualties. Pakistan condemned the action as “an act of war” and has vowed retaliation.In the Middle East, Israel has intensified...

Weekly Bitumen Report: Fall in Oil Prices and Reduction of Global Demand, along with Bandar Abbas Disaster

The second term of Donald Trump’s presidency lasted over 100 days. During this time, his main concerns were imposing sanctions against Iran, escalating the trade war with China, and putting pressure on OPEC+ to reduce oil prices. At the same time, his unconditional support from Israel and attempts to symbolically end the Russia—Ukraine war were...

Weekly Bitumen Report: Bitumen Market Waiting for the Political Signals

During the last week, the atmosphere of global energy markets has been influenced by some important political and economic incidents. One of the most significant ones was the notable reduction of U.S. tariffs on imported goods from China. The topic emerged after market pressures and the decline of U.S. stock indices, which quickly led to...

Weekly Bitumen Report: Sanctions and Commercial Tension, Main Components of Energy Markets

During the last week, the political and economic developments from America influenced energy markets. America imposed new sanctions against Chinese independent refineries due to the purchase of oil from Iran. At the same time, Trump’s government announced the implementation of new tariffs against imported goods from China. The tariffs include the products like mineral substances,...

Weekly Bitumen Report: Tariffs, Key Factors in Financial and Commodity Markets

By the intensification of the trade war between the main 2 economic powers in the world, once again, Donald Trump increased tariffs against imported goods from China to America and accused China of “disrespect”. These tariffs presently reached 125%. China had previously announced that it would increase the tariffs of imported goods from America up...

Weekly Bitumen Report: Market Stability by the End of Eid-Al-Fitr Holiday

On April 2, Donald Trump imposed extensive new tariffs on all imported goods. He unveiled a detailed list of reciprocal duties targeting more than 60 countries, asserting that this action is essential to address trade imbalances and revitalize U.S. manufacturing. This effort created concerns about the intensification of the trade war and its impacts on...

Weekly Bitumen Report: Oil Prices Strength and Rise in Iran and India Bitumen Prices

The negotiators of America and Russia gathered in a hotel in Saudi Arabia for a closed-door meeting. The Black Sea ceasefire deal in 2023 is the most significant topic of these negotiations. On March 23, Ukraine's representatives met with U.S. officials in the same place. At the same time, on March 26, Donald Trump announced...