Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: US Government Bonds Riding The Market

Last week was surprisingly unexpected for markets. WTI oil increased up to $63, and gold fell to about $1717. However, traders expected a resurge for oil price around $57. Let’s discuss some of the possible reasons for the contrast and the situation in the first week of March. In recent week, the US government bonds...

Bitumen Market vs. Unexpected Oil Price

By the exceed of Brent Crude Oil up to $65/barrel, 2 scenarios were proposed: a) This is not a real price and most probably it will drop again b) The trend will be stable in a range of 65-67$. In the first 2 days of the last week, oil price decreased up to 62$ then...

Weekly Oil Report: Over Supply Possibility

3rd week of February was bullish for oil and stocks. As Infinity Galaxy reported oil could get to $65. Considering the financial reports, it was not surprising that oil did not stay all high and selling pressure took over the market. Core Retail Sales of USA appeared better than the forecasts which indicate an improving...

Sudden Surge Of Energy Demand

Last week market was under the influence of several varying factors. In Iran, USD value against Rial was strengthened in late January 2021 due to purchase demand. This scenario was reversed once Joe Biden was officially elected and the currency value was falling. When it appeared to be no negotiation between Iran and the U.S,...

Weekly Oil Report : A Week For Oil And Stocks

The second week of February was a calm and generous week for industries and oil. The market acted reasonably and played hopefully for a better future. Vaccines efficiency was approved with more certainty, in addition to the program of the pharmaceuticals to increase the doses. A wider and faster vaccine distribution leads to more immunity...

Constructions Expansion Leading Bitumen Demand

As a result of OPEC+ decision to reduce the supply, oil prices are rising. Last week, Brent Crude Oil rose to more than $60 per barrel, Iranian refineries and suppliers expected the overall demand to rise from the various global market. However, such expectation did not come true and there were not any significant demands...

Robust Demands Of Recycled Oil

After a couple of quiet weeks for the oil market, demand is raising from February 3rd. Since the price of raw materials used for recycled oil production decreased in Iran, Indian importers expect a reduction in prices. However, due to the unpredictable situation of the USD and the possibility of Iran and the USA negotiations,...

Weekly Oil Report: Sharp Oil Growth

[vc_row][vc_column][vc_column_text]Reports on vaccinations efficacy invoked the sentiments in the way of better Pandemic management. Pfizer and BioNTech declared 91% efficiency in shots. Several other vaccine makers also released successful results and announced programs of distributing more doses of vaccines to the countries. Last week, at the end of January, Infinity Galaxy reported soaring of negative...

Ambiguity In Bitumen Market

The last week was dilemmatic for both buyers and sellers of petrochemical markets. There was not a strong demand in the market due to the price fluctuations. On February 1st, India released new rates of bitumen. It was up by almost 23$, and demand was expected to increase. The escalated prices in India could also...

Slow Movements of Recycled Oil Market

The week met volatile and unstable days for dollar and oil products. Prices have been fluctuating recently due to the uncertainty of the market about the pandemic and dollar rate. Indian refineries raised bitumen and petroleum products prices in February. The hike was about $ 22.9 for bitumen and about $ 4.8 for furnace oil....