Weekly Reports: Get updated about Bitumen Market

Weekly Lubricant and Base Oil Report: Stagnation and Calm Conditions of the Recycled Base Oil Market

Crude Oil prices have fluctuated between $108 and $113 over the last week, up slightly from the previous week. On the other hand, market analysts are not very sure that this growth will continue, and it is assumed that the crude oil price will fluctuate approximately $105 to $115. Singapore furnace oil prices decreased nearly...

Weekly Oil Report: Bullish and Bearish News Colliding

Crude oil experienced a week full of volatility and indecisiveness under more pressure from demand and supply. Fears of recession, famine, new virus outbreaks, and tighter supply left market participants uncertain about bullish and bearish sentiments. Consequently, WTI fluctuated in the range of $104 - $116 and closed at $110.52 on Friday. Brent also withstood...

Weekly Bitumen Report: The Shadow of Inflationary Stagnation Affecting the Market Strongly

In the 85th day of martial attack of Russia to Ukraine, it seems Ukraine won some victories and excelled Russia. At the same time, Finland and Sweden requested the NATO membership and this matter raised oil price up to 114 US dollars. While, Turkey's disagreement with this matter dropped oil price to 109 US dollars....

Weekly Lubricant and Base Oil Report: In Spite of Predictions, Recycled Base Oil Prices Continue to Rise

In the 12th week of the Russia-Ukraine war, crude oil prices continued to rise and reached $114 as Ukraine appeared to have won victories in some cities, along with Finland and Sweden announcing for the first time that they wanted to join the NATO military alliance. This is in a situation where due to the...

Weekly Oil Report: Lower Demand Claims Could Not Pull the Price Back

Oil prices increased at the end of the week despite forecasts about weaker demand in 2022. Reports, mostly by OPEC and IEA, show that there will be a lower demand for oil in 2022 since inflation is still rising. However, the reports could not suppress the prices and Brent closed at $111.19 and WTI closed...

Weekly Bitumen Report: Shadow of Recession over the Bitumen Market

The 78th day of Russia-Ukraine war ended with conditions threatening Finland after it expressed its interest in joining NATO. During these 78 days and huge losses to both countries and the global economy; US inflation is estimated at around 8.5% and Indian inflation between 6.95% to 7.5%. This unprecedented inflation and the fact that crude...

Weekly Lubricant and Base Oil Report: Predict to stop rising Recycled Base Oil prices after a period of the sharp rise

Over the last week, crude oil prices have fluctuated between $105 and $113. Despite last week's meeting of OPEC and their decision to increase the capacity to 480,000 barrels from 1st June, this decision did not have a serious impact on the market and the market did not show a serious decline.However, the more open...

Weekly Oil Report: Supply Disruptions Intensify

The first week of May brought another consecutive week of growth for crude. Brent oil closed at $112.34 and WTI touched $110.49 at the end of Friday’s session. Russia’s new war deadline fears, the EU's disappointment to find new suppliers, and the new US attempts to stop the oil monopolies intensified the supply disruptions. May...

Weekly Bitumen Report: Shall the Bitumen Prices Fall?

During the last weeks, most of the buyers in different regions of the world were searching whether the bitumen prices will decrease or not? Due to this matter, many of the buyers stooped purchasing and significant confusions were observed among the market activists. In response to this question, we should consider the factors affecting raise...

Concerns About Production Shortage in the Market

In the past two weeks, Russia has captured two major Ukrainian cities. Reports indicate that three major Ukrainian ports will also be closed. These issues caused a direct impact, especially on agriculture. It seems that the market will face many deficiencies in the summer. One of the most important effects of the Ukraine war is...