Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: Fluctuations Happens with Fears and Uncertainties

Falling and growing back was the recap of oil in the second week of September. Bitumen also had fluctuations but demand did not stop. Brent finally closed at $91.53 and WTI settled at $85.28 on Friday. [embed]https://youtu.be/O5E1MRVhcFU[/embed] WTI stalls in the region of 90 to 81 moving between two yellow convergent lines. In the Daily...

Weekly Bitumen Report: The Antagonistic Signals and Confusion in the Market

Look at the below rates: 8 September 2022, HSFO CST380 , 359 USD (-32 USD) 9 September 2022, HSFO CST380 , 371 USD (+11 USD) 12 September 2022, HSFO CST380 , 385 USD (+13 USD) 13 September 2022, HSFO CST380 , 395 USD (+9 USD) 14 September 2022, HSFO CST380 , 382 USD (-13 USD)...

Weekly Lubricant & Chemical Report: The Lubricant Market under the Oil Shock

On September 7, there was an oil shock and the price of Brent oil fell below 90 dollars, on September 9, the price almost recovered. Oil prices reached 92 dollars by the end of the day on September 12, but dropped again to below 92 dollars on Tuesday.  Market analysts provide various information regarding the...

Weekly Oil Report: Chaos Formed by Mixed News

All Markets lingered in shock of oil as crude suddenly fell by 8% and quickly recovered after. The bitumen market, though, stayed active. Brent finally closed at $92.11 and WTI settled at $86.19 on Friday. [embed]https://youtu.be/VhQPS8KxRr0[/embed] On the daily chart, you can see how sharply WTI plunged on Tuesday and Wednesday. Traders were all shocked...

Weekly Bitumen Report: The Oil Shock on 7 September and its Impacts on the Market

Based on the latest economic reports and investigating the different economic indexes in the world, most analysts believe that the rate of commodity production is lowering in the world can be because of a reduction in consumption and normally, the energy demands will decrease too. This was enough for OPEC to reduce oil supply by...

Weekly Lubricant & Chemical Report: Mixed Signals Rushing to Markets

During the last week, after Russia cut the Nord Stream 1 pipeline to Europe and announced in the last political positions that until Europe does not remove the sanctions, Russia will not open the pipeline either, as a result the oil and gas conditions have entered a new stage in the world.  Europeans claim that...

Weekly Oil Report: Confusion Running Through Markets

The fall of crude oil, for the third consecutive month, slowed down bitumen growth but couldn’t stop it for September. Brent closed at $93.31 and WTI settled at $87.06 on Friday. [embed]https://youtu.be/W0CmT8jbSbU[/embed] Oil plunged by about 10% in August, closing below $100 for the third consecutive month. The current daily chart of WTI shows a...

Weekly Bitumen Report: The Start of Export Season with a 42-USD Increase in India Bitumen Price

After 190 days of Russia's war against Ukraine, the USA warned its citizens to leave Ukraine more immediately which can be due to the fear of Russia's severe attacks on Ukraine. Russia stopped its gas transfer to Europe because of the repairs in the gas pipe of Nord Steam 1 for 3 days. However, only...

Weekly Lubricant & Chemical Report: Stable Condition in the Market

On Monday, after receiving weak signals regarding the upward trend of crude oil prices, the market became a little more optimistic about the future, and the price of Brent crude oil reached about $98 at the time of preparing this report. During the past week, after the celebration of Ukraine's independence day and Russia's threat...

Weekly Oil Report: Markets Are Still on Edge

Crude oil grew back slightly as expected leaving the bitumen market a bit confused. The weakness is not over. [embed]https://www.youtube.com/watch?v=c1yaTA6bZzY[/embed] Brent oil closed at $100.70 and WTI rose up to $92.96 on Friday. In WTI daily chart, the growth was not significant considering the buying pressure. The weakness is still diming the market and it...