Weekly Reports: Get updated about Bitumen Market

Sharp Price Increase Has Evoked the Market

Various factors have affected the market last week. changes in the base oil, lubricant, and recycled base oil market were mixed up. While some grades had increased, some fell or got out of the competition. Demand is rising, especially from the Indian market. Fuel prices in this country are rising steeply, which is further due...

Weekly Oil Report: Slight Hesitation Crawling to the Market

After weeks of the rapid rally, oil market participants showed slight reluctance to buy crude at the current levels. Although it got to $85.48 at the first of the week, Brent closed at $84.68 and WTI closed the week at $84.15 on Friday. However, it does not exactly mean the end of the rally. Reports...

Weekly Bitumen Report: Global Surge of Bitumen Price

As reported by Infinity Galaxy on Monday, oil price experienced another growing week and succeeded to reach near 85 US dollar. At the time of preparing this report, Brent crude oil stopped at the level of 84 US dollar which is a new record. Based on technical analyses, oil dealers have predicted oil price will...

Stable Lubricant and Base Oil Market with The Chance of Growth

Significant consequences of the Covid-19 epidemic continue to affect the markets of base oils, lubricants and recycled oil. Demand in the market has not yet recovered and oil products, especially fuel, have not been much attractive. In the base oil market, production has been restricted due to limited raw materials. Meanwhile, most refineries in the...

Weekly Oil Report: Energy Crisis Worsens Along Crude Rapid Rise

Oil had another gaining week and succeeded to reach near $85. The price has not been seen in the market for a long time. Brent closed the week at $84.24 and WTI could get to $82.47 on Friday. On Monday, the market continued the rising path. At the time of writing the report, Brent achieved...

Weekly Bitumen Report: Market Experiencing The Firsts

As it was reported in the last 4 articles of Infinity Galaxy, the market has been experiencing a continuous price rise. Therefore, we suggested the strategy of investment based on market trends. For the first time in the last 7 years, crude oil got almost stable in the level of 80 US dollar and no...

India Shocked the Market by Ceasing the Shipping from Several Origins

The price of recycled base oil and lubricant peaked in the first half of the year due to declining production and high demand. Last week, while production continued to rise, demand levels were moderated. Downward pressure on prices remains but they are looser after the sharp rise in oil prices due to the OPEC+ decision...

Weekly Oil Report: Reasons of Crude Price Rebound

The market was extremely positive about oil conditions after knowing supply is still under control. While the US had asked OPEC to increase the supply to reduce the oil sharp growth, OPEC did not consent to boost production significantly. After the meeting, Brent took back the three-year high and closed at $82.05 On Friday. WTI...

Bitumen Weekly Report: Shadow of Demand on the Golden Days of Market

Infinity Galaxy expectations regarding the reasons behind a flourishing market in last week's report came true. A stormy and absolutely active market was observed during the week. Crude oil touched $83 on Monday as a result of OPEC+ decision to stick to its plan to increase its collective crude production quota by 400,000 b/d next...

Expectations for a Rise of Recycled oil After the Sudden Reduction

The price of base oil and lubricant has been steady in the last week, unlike expectations. Meanwhile, oil prices continue to rise sharply. This increase in oil prices will also increase the initial costs of producing base oil. Oil prices are expected to rise by the end of 2021. The OPEC agreement on the previous...