Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Why India Experienced the Second Consecutive Fall while Crude Oil was in it Upward Mode?

In the 113th day of Russia- Ukraine war, Ukraine refused the ultimatum of Russia to surrender Sievierodonetsk, although 80% of this city has been invaded by Russia and a large population of it are stuck in the city. At the same day, Emmanuel Macron, German chancellor Olaf Scholz and Italian prime minister Mario Draghi arrived...

Weekly Lubricant Report: High Demand of Lubricants and Shortage of Supply

In the 16th week of the Russia-Ukraine war, Russia's attacks in the eastern region appear to be intensifying and the scenario of Russia's victory in the war appears increasingly probable. As mentioned in several previous technical analyses by Infinity Galaxy in June, the Brent crude oil price range was estimated at $110- $125, with a...

Weekly Oil Report: Slower Movements of crude

Note: Due to high requests from our audiences for crude price targets and more detailed observation, we decided to add a new part to our weekly oil reports containing the technical analysis of the chart. Fear and uncertainty are still flowing in the market and ended the week with an indecisive market. Brent closed at...

Weekly Bitumen Report: Will the World Experience another Recession, like 2008?

In the 108th day of Russia- Ukraine war, Russia claims to have full invasion of east of Ukraine, however, Ukraine is still defending its boarders in the Eastern regions. The war damages have been estimated over 600 billion dollars up to now. After one month, Russian missile attacks to Kyiv started again. These factors, and...

Weekly Lubricant Report: The Heavy Shadow of the Stagflation on the Market

Over the last week, there has been a lot of controversy in the oil market, and this has fueled the market. One of the events of the last week was the rumor that OPEC+ might want to cut ties with Russia, while OPEC did not react and finally said that it decided to increase its...

Weekly Oil Report: Is Crude Heading for a Disaster?

Last week, plenty of turmoil happened to the oil market, including a new set of EU sanctions on Russian oil, an OPEC agreement to increase production, and price spikes despite dollar improvement. Oil prices often act inversely to the US dollars but crude grew over the last week despite the strong dollar. Eventually, Brent closed...

Weekly Bitumen Report: Increase oil Oil Price versus Stability of Bitumen Price

By the start of high driving season in the USA and Europe from first of June as well as the implementation of new sanctions of Europe against Russia, oil price jumped up to 123 US dollars. Infinity Galaxy had already estimated the range of oil price between 104-115 US dollars in May 2022, but the...

Weekly Lubricant Report: The Effect of Stagflation on Lubricant Market

June 2022 started with crude oil price reaching above $120 and the reason for this increase was two fundamental factors. The intensification of European sanctions against Russia, which has been applied since June 1, as well as the start of the US and European countries’ demand due to the increase in travel, will enhance the...

Weekly Oil Report: US Demand Season Pushing Prices

Crude oil closed the last week of May with gains for the six consecutive months. With about 6% growth on Friday, Brent closed at $119.20 and with 4% growth, WTI settled at $115.08 in the last trading session. Improving demand is highlighting the supply disruptions more than before. The high demand season in the US...

Weekly Bitumen Report: The Unprecedented Recession in Export Markets of Energy and Commodities

In the 12th week of Russia- Ukraine war, fuel and crude oil did not experience a significant growth. The range of crude oil was 110- 115 US dollars. Infinity Galaxy previous reports repeatedly mentioned the minimum and maximum level of 105 and 115 US dollars till the end of May, respectively. The market trend verifies...