Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Shadows of Another Financial Crisis on the Market

Xi Jinping's travel to Russia increased the possibility of peace mediation between Russia and Ukraine. Formerly, China had mediated between Iran and Saudi Arabia to restart their relations. Still, it is not clear whether these negotiations will lead to peace or not. In the meantime, the continuation of the financial crisis in the USA led...

Iran's Recycled Base Oil Market during Oil Market Volatility and Banking Crisis

After the news of the bankruptcy of three banks and the possibility of this situation spreading to other banks, and the anxiety that has arisen in the second consecutive week, the price of oil is fluctuating between $70 to $75, with the lowest recorded price being $71. On Monday, March 20th, fuel in Singapore experienced...

Weekly Oil Report: Brent Falls by the Rising Fears of a Financial Crisis

Brent dropped by over 12% during the second week of March. The sudden fear of recession and a chaotic economic condition induced the fear leading to a quick reaction from traders. Technically, the falling pattern is not over but considering the lower selling pressure at this price, we might have a correction during the coming...

Weekly Bitumen Report: The Major International Incidents and their Severe Effects on the Market

Important political events affected commodity markets, including bitumen within the last week, and it can be said that fundamental factors overcame technical ones. On Friday, 10 March, it was announced that Iran and Saudi Arabia, two powers of the Persian Gulf, agreed to restart their political relations; it came true through the mediation of China....

Weekly Lubricants Report: Impact of Economic Turmoil on Lubricant Market

Last week, the price of Brent crude oil reached around $78. The bankruptcy of SVB bank in America, followed by news of the bankruptcy of two other banks in the US, has caused fears of a repeat of the 2008 global financial crisis. As a result, oil prices have decreased and reached around $78.  These...

Weekly Oil Report: Confusion in Market Direction

The sudden jump of the crude to $ 85 in the first week of the market made many hopeful about a certain rise of oil to 100. Yet, the price sloped down to the former price channel again and proved the jump to be fake. On the daily chart of Brent, you can see that...

Weekly Bitumen Report: The Wave of Market is Opposite to the Buyer’s Expectations

One year after Russia’s war against Ukraine, the authorities of Ukraine state that Russia started a new chain of missile attacks throughout Ukraine and buildings and infrastructures of Kharkiv and Odessa. Hence, it seems that the world is getting ready for a longer war. At the same time, China’s foreign minister declared that “US China...

Weekly Lubricant Report: Geopolitical Tensions and Commodity Prices

The price of Brent oil has remained in the range of 80 to 90 dollars. In the past month, we have once again said that the danger of a new cold war between the United States and China has increased, and the Chinese Foreign Minister has again warned about it. On the other hand, the...

Weekly Crude Oil: The Growth of Crude Oil

During the last week, brent did not break the resistance of 80 USD and did not fall below it. At the same time, Emirates disproved the matter of exit from OPEC and it led to the upward technical trend of oil in the markets. However, in this upward path, some minor resistances were observed that...

Weekly Bitumen Report: The Uptrend of Iran's Market Unlike the Buyers' Expectations

On the 373rd day of Russia's war against Ukraine, Russia claimed that they crashed a Ukrainian drone near the Moscow region. This was the first drone attack of Ukraine against Russia. More time is needed to see whether there will be any changes in the war plan. At the same time, FATF which is the...