Weekly Reports: Get updated about Bitumen Market

Remarkable Augmentation in India's Fuel and Petroleum Market

Markets have been volatile in recent weeks as crude oil prices have risen to around $135 sharply. However, in the last few days, there was a collapse to around $101 and even slipped below $100 in a few hours of Tuesday, March 15th. This downward trend doesn't seem to have an analytical foundation and seems...

Weekly Oil Report: No Short-Term fix for Energy

Crude oil had quite a surprising week in which it could see both a bursting surge and dump. It opened at almost $126 at the first of the week and touched over $130. After several positive sentiments for supply, it retreated about 12%, the biggest decline in months. Ultimately, Brent closed at $109.94 and WTI...

Weekly Bitumen Report: The Shadow of War and its Unclear Impact on the Commodity Markets

During the last week, the commodity markets in all over the world were strongly under the influence of the Russia-Ukraine war. Imposing the official sanctions against Russia’s oil, gas, and coal by the USA led to the surge of crude oil price up to 135 US dollars. The threat of Russia to stop the export...

Threats of Sanctions on Russian Oil Shocked the Markets

With the escalation of the war in Ukraine and the fall of Kherson City, oil prices crossed USD 130 and reached its highest level in ten years. Factors that hit the markets the most are as below: European threats of sanctions on Russian oil US sanctions on Russian oil The departure of international companies from...

Weekly Oil Report: On the Brink of an Energy Crisis

Crude strongly surpassed $100 during the first week of March after no sign of weaker demand or increasing supply. Brent closed at $118.04 and WTI reached $115.00 on the Friday session. The high prices are an alarm to countries and governments but OPEC+ members seem to be enjoying as decided to stick with the former...

Weekly Bitumen Report: The Russia- Ukraine War and the Concerns in Commodity and Capital Market

The financial and commodity markets of the world experienced a turbulent week, filled with unpredictable fluctuations. Some of the global economists believe that it is probable to face another wave of inflationary stagnation in the world. Considering the current week's economic situation, it seems that the economic growth of Europe and the rate of production...

The base oil and lubricant market react to Ukraine invasion

Russia's invasion of Ukraine last week was the headline of the news, and it is likely that this trend will dominate the market for a while. For the first time since 2014, after Russia's invasion of Ukraine, crude oil prices hit a multi-year high and Brent crude hit more than $100 a barrel. freight charges...

Weekly Oil Report: World’s Nightmares Come True

Oil price surpassed $100 during last week, and Brent exceeded $102.07 as the highest price of oil since 2014. Russia's invasion of Ukraine prompted the prices aggressively; however, prices retreated to 90 gradually. Brent closed at $94.13 and WTI got to $91.92 on the last session of Friday. The turbulent situation has entangled the decisions...

Weekly Bitumen Report: Will Bitumen Skyrocket as Crude Oil?

The week started with the news about the pullback of 7,000 Russian troops from the Ukraine border and it lowered crude oil price up to 92 US dollars. But in the last 2 days, more authentic news was announced about Russia’s attack and finally, it came true on midnight of Thursday. As a result of...

Intricacy in Base Oil and recycled Base Oil Supply

The market for base oil and recycled base oil is facing insurmountable supply problems. The global base oil industry is also facing challenges. Refineries are unable to meet their planned commitments due to high demand. Prices inevitably continue regularly every month or two months by some vendors. Currently, the FOB price of recycled base oil...