Weekly Reports: Get updated about Bitumen Market

Weekly Oil Report: The World In Hesitation

Pharmaceutical giants and vaccine makers announced hopefully about their jabs last week. Novavax, an American vaccine maker, announced their shots were 89% effective in the UK. Although, the trials were 60% effective in Africa, where a highly contagious variant of the virus exists. Johnson & Johnson, the American pharmaceutical cooperation, also declared their new shots...

Are The Negotiations On The Table?

One of the main players of this week market was value fluctuation of USD against Rial in Iran. One dollar varied between 229,000-242,000 Rials. However, approaching the end of the week, the market got more stable and the price of the market was more realistic. At the moment, market demand is not very promising and...

Weekly Oil Report: Pfizer Come Into Play

After the last week anxiety about another global lockdown, Pfizer and Biontech declared their positive prospect toward the future. They believe their vaccine can adjust to the new variant of coronavirus and protect the receivers. The news made the market more confident, and it brought a better sentiment for stability. However, the United Kingdom is...

Recycled Oil Market In Shadow Of USD

USD Fluctuations, in recent days, have caused the market to oscillate abundantly and recycled oil was not an exception. The price of petroleum products is constantly changing. As Infinity Galaxy pointed out in the recent analysis reports, the change in the US political situation has caused the USD to depreciate significantly against Rial, which has...

Biden Inauguration Leading The Bitumen Market

During the last week, commodities were all influenced by the political changes in the Washington and Biden presidential inauguration, USD dropped by 3-16% and comparing to other currencies including Iran. In only 3 days USD decreased up to 16% compared to Rial; therefore, bitumen price increased by about USD 40/MT.While oil price and market demand...

Weekly Oil report: worldwide lockdown possibility

While the world was hoping for lockdowns to come to an end globally, new strains of the virus got stronger in the 2nd week of January. China, the origin of the first coronavirus in 2020, locked down two cities of Shijiazhuang and Xingtai. The lockdowns expanded to a couple of other districts in Beijing. The...

Imbalance of Supply-Demand Cycle due to the Shortage of VB and Fall of USD against Rial

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy By approaching the official commencement of Joe Biden’s presidency, Iran currency market followed a decreasing path and it is expected to be continuous for the next days with the hope return to JCPOA. On the other hand, the considerable imbalance of supply and demand...

Weekly Briefing: A Brighter Year For Oil

  After the new year eve, markets pushed higher, and volatility seems to be lower. In lieu of the rising fear of new upcoming lockdowns and coronavirus strain, the market still expects brighter days. VIX dropped 25.40% in the first week of January, indicating more risk-tolerant traders. The stimulus package and released vaccines helped the...

Commencement of 2021 with an Upward Trend of Oil Products Prices

This article was prepared by Tina Taghavi, the sales manager of Infinity Galaxy With the start of the New Year, as we predicted in previous weeks, prices have increased, and at the beginning of the New Year, there is no sign of declining prices. Although Some sources have reported that prices will remain stable in the first...

Cut-down of Oil Production, Increase of Demand, Shortage of Supply! How will be the beginning of 2021 Bitumen Market?

This article was prepared by Razieh Gilani, the sales manager of Infinity Galaxy Although New Year holiday was the dominant phenomenon of the week, it was simultaneously a very challenging one.Saudi Arabia announced it will make a 1mn b/d voluntary crude output cut in February and March through which the first signs of oil price increase were...