Weekly Reports: Get updated about Bitumen Market

Weekly Bitumen Report: Fears and Hopes of Bitumen Price

Like the previous weeks, the last week was also replete with worries of the price drops in most of the markets, but on 2 April and by the increase of bitumen price by Bahrain up to 20 US dollars (Bulk FOB 495 US dollars) could maintain the market. On the other hand, Singapore decreased its...

Rising Demand Amid Pricing Turmoil in the Base Oils and Lubricants

Iranian refineries and producers officially returned to work, but market fluctuations have left companies reluctant to announce prices. Manufacturers have difficulty in predicting their future costs while facing high demand for base oils and lubricants. The trend of domestic and export markets has altered due to the lack of export transactions and the rapid rise...

Weekly Oil Report: Biggest Decline of Crude After US SPR Release

The market was turbulent during the last week of March since the crude recorded the biggest decline in nearly two last years. Brent jumped down by %10.44 and closed at $103.94 on Friday. WTI closed under $100 after a %11.79 decline. The US decision on Strategic Petroleum Reserve (SPR), OPEC agreement for a slight increase...

Weekly Bitumen Report: The Slow Trend of the Market after the Passing Stormy Weeks

During the last week, crude oil experienced frequent fluctuations. With the attacks of the al-Houthi movement of Yemen to oil processing facilities of Saudi Arabia and threatening that there is no guarantee on the security of world energy, crude oil rates increased up to 125 US dollars but by the outbreak of a new variant...

Determination Challenges in the Base Oil and Lubricant Market‌

Oil prices rose to $125 last week as Yemeni Houthis attacked Saudi oil production lines. Prices have fluctuated sharply in recent weeks. It seems likely that prices remain in an upward trend after Saudi Arabia is willing to supply more oil to world markets. As the Iran-US negotiations on JCPOA become more complicated, the agreement...

Weekly Oil Report: Tensions Rising in Crude Market

Crude oil had tough days during last week. Russia’s threat to cut gas import to Europe, a missile attack on Aramco oil terminal and covid resurge resulted in prices over $120 during the week. However, Brent closed at $116.05 and WTI closed at $112.64 on Friday’s last trading session. Fundamentals are mixed but they mostly...

Weekly Bitumen Report: Ambiguity and Confusion in the Market

During the last week, the bitumen market faced frequent ups and downs. On 18 March 2022, while crude oil stood at the level of 106 US dollars, in less than one week and till 24 March 2022, it reached 119 US dollars. Such a severe increase after the fall of 11% made the market more...

High Demand vs. Tight Supply of Recycled Oil

Iran's Nowruz holiday has started on March 20; therefore, companies stopped their production about 10 days ago. Due to delivery schedule problems, the price has gone up and the issues seem to continue until the first week of April. Base oil prices reacted to the volatility of energy and oil markets. Prices have been evoked...

Weekly Oil Report: Is Crude Preparing for Another Rally?

Oil prices set back in the middle of the last week due to the calmer situation of the war and a sudden sentiment for the increasing supply and rising interest rates of the US. The prices even touched below $100 but on the last session of the market, Brent closed at $105.75 and WTI touched...

Weekly Bitumen Report: The Parallelism of Crude Oil and Bitumen Price

Within the last week, the start of negotiations between Ukraine and Russia about the war modified crude oil price somehow and till the time of preparing this report, the level of crude oil was 106 US dollars. However, the outbreak of a new variant of COVID in China and new lockdowns in some of its...