Weekly Reports: Get updated about Bitumen Market

What to Expect from Bitumen Market This Week, 14th November 2020

Infinity Galaxy wishes a “Diwali” full of health, wealth, joy, and prosperity for its esteemed Indian friends all over the world. Last week, in the first two days, the lockdown was the main concern of many countries and as a result, oil prices dropped to 37$. On Monday, 9 November, hot news was out: Pfizer...

Why the Current Market of Bitumen Faces Many Ups and Downs

From 23-29 October, VB price in Iran increased by about 16%, and simultaneously Iran remained on the blacklist of FATF for 6 more months. Based on the latest polls, Biden has overtaken Trump and its effect on Iran was significant, in less than 3 days, US Dollar decreased from 325,000 Rial to approximately 285,000 Rial,...

Fluctuated Market of Bitumen-23th October 2020

Iran's weekend on Friday as well as the official holiday on Sunday (25 Oct.) are the reasons to say that practically the market will run from Monday by which it is predicted a new VB price might increase about 15-20$/MT. On the other hand, last Tuesday (20 Oct.) US Dollar decreased sharply in Iran but...

Bitumen Market Analysis on 9th October 2020

During the last week below significant factors affected the market of bitumen: 1. If the Nagorno-Karabakh conflict gets longer, the regional powers might show directional bias to support each of the parties and it can affect oil price and regional equations. 2. On 8 Oct. 2020, the USA decided to impose new sanctions on all of...

Bitumen Market Analysis on 2nd October 2020

Market analysis on 2nd October 2020, before a positive test of President Donald Trump. USD value exceeded more than 30,000 Toman but as VB competed more than 25% during the last 4 days, it is improbable to see bitumen price at a fixed rate and there is no prediction about the plan of the government...

Iran Reduced VB Prices by 6-7$ in September 2020

Razieh Gilani from Infinity Galaxy discusses how the future market of bitumen will be in the next 2 months. The final decision about the Dispute Mechanism was announced on 20 September 2020 in which the USA aimed to apply more sanctions against Iran, although Iran has an opposite point of view regarding the application of...

Bitumen Market Forecast in Next 40 Days

OPEC basket price fell below 40$ on Thursday, September 10, 2020. For the past two weeks, oil prices have been decreasing. Due to the current global situation and lockdowns, all the world seeks relative economic stability, especially in fuel and oil markets. According to the information gathered by Infinity Galaxy, the growing trend for fuel...

Infinity Galaxy analysis of the crude oil price on October 14th

Complicated Political circumstance in the Persian Gulf, rocket attack on Iranian oil tanker in the Red Sea, the launch of Turkish offensives against northern Syrian Kurds, the escape of the ISIS prisoners in northern Syria, approaching Boris Johnson's deadline of Brexit and failure to find a solution agreed by all parties and less than two...

Infinity Galaxy analysis of the crude oil price on October 7th

Today, 7th October 2019, by the return of Saudi Arabia to the pre-strike production level and the starting of the Autumn season in the northern hemisphere of the earth, the stability of the oil market is predicted. The result of the negotiation between China and the USA about the trade struggle in the next week...

Infinity Galaxy analysis of the crude oil price on September 30th

Positive news according to the return of Saudi Arabia to the oil market and production cycle, simultaneously with the global fuel price reduction, all have resulted in a 1% drop in prices. Making a fragile calm in the Persian Gulf region, Saudi Arabia's new decision caused approximate stability this week. Desktop pc computers pattern is...