Weekly Reports: Get updated about Bitumen Market

Market Transformation amid Political Games

While in recent weeks the market has been in a state of turmoil and confusion, the inevitable growth in prices is becoming more obvious after the market events and Iran's political situation. Many factors are affecting the growth of the market, among which the following can be mentioned: Rapid market changes due to political developments...

Weekly Oil Report: Crude Oil Surprised the Market

Oil moved up surprisingly up last week after two unexpected events. DXY devaluation Stocks rise DXY dropped during the week after some new financial reports, including Nonfarm Payrolls that was bearish for the market. With the dollar losing value consistently, commodities touch higher prices. It is for about three weeks that the dollar is depreciating...

Bitumen Sellers and Buyers in a Dilemma of Market to Find the Right Path

The export market of bitumen was struggling with four main issues: The general lockdown of India that was extended till 15th May 2021 for the time being, and it is expected to be extended more. There are some information showing that some importers reduced their rate to have a chance of faster sale of their...

Unprecedented USD Fall amid Pandemic Led to a Disoriented Market

The growth in base oil prices throughout Europe, the Middle East, and Africa slowed down in the past couple of weeks, but there are a few signs of descending pressure. While feedstocks for base oils are constrained, refineries are operating at diminished rates because of the lower demand for fuels. Raw material prices have fallen...

Weekly Oil Report: India and Iran Shifting the Market Short-Term Outlook

In recent weeks, oil experienced many contradictory reports. Some expecting the price to rise while some predicted a fall. Here we review the oil outlook for short term, mid-term and long-term visions. Oil short-term outlook is not much promising. Surprising events, including new waves of Covid-19 pandemic in many countries and Iran-US highly probable nuclear...

The Conflict of Supply;Demand by the Commencement of New Wave of COVID-19

Market fluctuations and changes in the past week were very surprising. The shadow of the COVID-19 outbreak in the whole of India has disrupted the market of bitumen and other commodities. Based on the evidence, it is expected state-wise lockdowns to be extended till mid-May 2021 and even more. Aerial, rail, marine transportations to India...

The shadow of pandemic on recycled Oil market

The disquieting situation of India due to the new surge in COVID-19 cases remains strong and the news indicates that the lockdowns will be extended for another week. India's healthcare system is facing a severe pandemic, and the crisis of oxygen and medicine shortages is a serious issue. Before the pandemic situation in India, the...

Weekly Oil Report: Iran Increasing Crude Oil Exports

Oil has been under pressure as the emission-free programs set to get stronger. On Thursday, U.S. President Joe Biden unveiled a new emissions-reduction target to cut greenhouse gas emissions by 50-52 percent from 2005 levels in 2030. China has also declared to get to carbon neutrality by 2060. According to studies, electric cars are getting...

Re-Positioning Main Players of the Market amid Pandemic and Supply Tightness

on April 23 While future crude oil trades slumped for the third day, yesterday Oil prices surged in hopes of demand recovery for fuel in the United States and Europe. Despite rising COVID-19 cases in India, the world's third-biggest oil importer, and raising concerns in Japan, signs are still showing a fuel demand recovery. The...

The Transitional Status of the Bitumen Market

By an overall look at the commodity markets, generally it can be seen the rates were decreasing in Asia. For example, BAPCO, the National Oil Company of Bahrain, decreased its bitumen price up to 10$/Mt in last 4 months! Aramco in Saudi Arabia was attacked once again by Yemen missiles. The hidden negotiations between Iran...