Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: The 100th Simultaneous Report with Positive Market Signals to its Activists

In the 100th weekly report of Infinity Galaxy, we would like to thank our valued readers.  As already predicted, by approaching September and the end of the monsoon, the market is expecting more growth. However, the unrest in the world is still going on. In the 183 days of Russia's war against Ukraine, the observers...

Weekly Lubricant & Chemical Report: Expectation of Positive Upward Trend for after Monsoon

On Monday, the price of Brent oil started at around $93 to $94. As mentioned by Infinity Galaxy in Monday 's report, the technical trend of the market shows the increase of oil prices, but it was reported in a very weak way, and by the time of preparing this report, the price of Brent...

Weekly Oil Report: Is A New Pump Coming for Crude?

Another week passed with new dips of oil caused by uncertainty and probable higher supply. Brent oil closed at $95.76 and West Texas Intermediate settled at $89.87 on Friday. Although the price of oil dropped last week, the daily chart of WTI is indicating a slight weakness toward moving down. Considering the MACD and the...

Weekly Bitumen Report: The Weak Signals of the Market and Hopes to Growth after Monsoon

After more than 176 days of the war between Russia and Ukraine, Russia still has not achieved its goals but they have imposed lots of damages to Ukraine and its infrastructure. This war has been the main reason for the inflation in the USA (8.5%), Europe (8.9%), and India (6.7%).   On August 15, the...

Weekly Lubricant & Chemical Report: Lubricants and Chemicals Market under the Shadow of JCPOA Negotiations

On Monday, 15th August, the price of crude oil was 94 US dollars, although the news from China indicated an increase in production and this increase in production supported the rise in the price of petrochemicals.  This caused the products in Singapore and South Korea markets to rise. But the technical trend of crude oil...

Weekly Oil Report: Mixed Sentiments of the Market

Slightly Growing up, crude made many optimistic toward increase continuation. Technically, charts are still weak for turning up. Fundamentally, the market is in a mixed condition. On Friday, Brent closed at $97.84 and WTI closed at $91.87. On the Weekly chart of WTI, last week's growth was not much promising against the prior fall of...

Weekly Bitumen Report: The Market is Hoping a New Start by the End of Monsoon

On the 169th day of Russia's war against Ukraine, the critical war situation changed with the attack of Ukraine to Crimean Peninsula. As a result of this attack, the military base of Russia exploded, whose impacts can be strongly felt in the war process. During the last week and by the publication of a new...

Weekly Lubricant Report: Lubricant Market under the Crude Fluctuations

Over the past week, by the publication of US Non-Farm Payrolls report with the increase of employment in July, and the increase in the salary level for the private sector in the United States, the optimism that the United States can overcome the current conditions has increased, and thus with the changes in dollar, the...

Weekly Oil Report: Crude Slumps by Demand and Dollar

The first week of August brought a deeper plunge for oil. Uncertainty grew larger in markets as the outlook of demand and dollar surprised traders. Breaking a strong resistance level at $92, WTI closed at $88.53 and Brent settled at $93.66 on Friday. Price is currently under a yearly and monthly pivot point, probably strong...

Weekly Bitumen Report: The Return of Doubts to the Market by the Recent Drop of Crude Oil Prices

In the 163rd of the Russia- Ukraine war, although it seems that Russia is partially overcoming Ukraine, the military aids of the West to Ukraine has reduced the speed of Russia’s progression. However, the various contradictory events and incidents in the market of energy and economy have raised the doubts and the market players are...