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 […]
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 […]
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 […]
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 […]
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 […]
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 […]