News

January 2, 2024
2-JAN

Weekly Bitumen Report: A Look Through 2023

2023 A Hard Year  2024 started while crude oil forecasts failed for 2023. The price roughly touched $ 100 and most petroleum markets thrived less than […]
December 31, 2023
bitumen market

Weekly Market report: 2023 Closed with a Tough Downturn in the Bitumen Market

Frequent notices from shipping lines at Jebel Ali spiked shipping costs, posing challenges for Iranian suppliers and exporters Last week, Houthi missile strikes persisted on commercial […]
December 26, 2023
26-DEC

Weekly Bitumen Report: The Burden of Freight Increase and Shipping Obstacles

Higher Freight Costs The Christmas holidays are coming and market participants are busy with their new year activities. Interestingly, bitumen and petroleum products trades are not […]
December 24, 2023
bitumen report

Weekly Market Report: Shipping Freights May Escalate the Future Crude Oil Prices

The Red Sea’s Suez Canal is key for global shipping, handling 12-15% of worldwide transport. Due to recent events, shipping costs spiked with uncertainty looming over […]
December 19, 2023
19-Dec

Weekly Bitumen Report: Inconsistency Between Demand and Supply

A Slight Growth All petroleum products are hesitant due to crude oil fluctuations and the inconsistency between demand and supply. Brent crude oil is currently fluctuating […]
December 17, 2023
bitumen report

Weekly bitumen report: The Threat of a Sudden Crash in Crude Oil

India’s reports hint at a decline in demand, possibly leading to a fourth consecutive price decrease by mid-December. The ongoing conflict between Israel and Hamas, which […]