13 Mar 2025

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Iran’s Crude Oil Export: A Closer Look
Iran’s Crude Oil Export: A Closer Look

Time to read: 2 minutes

Writer: Shirin Yousefi

Iran’s crude oil exports reached their highest monthly level in May 2023 despite USA sanctions, surpassing 1.5 million barrels per dayThe European Central Bank (ECB) has declared that interest rates will remain unchanged in the Euro area, while the US Federal Reserve, one day prior, halted its rate-setting cycle for the first period since March...

2023/06/25

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Demand and Supply opposite News
Demand and Supply opposite News

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Bad Climate in Several Regions Falling prices of bitumen made more traders confused about their purchases. But it could not stop the market even by more decline. There are orders coming from many countries including East Asian parts and Africa. Although the demand is not off, the pattern has changed due to climate change. For...

2023/06/20

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The Federal Reserve of the United States: A Historical Overview
The Federal Reserve of the United States: A Historical Overview

Time to read: 2 minutes

Writer: Shirin Yousefi

The Federal Reserve announced no further interest rate increases after raising rates ten times since March 2022 to contain inflation, which has now reached 4%.The Federal Reserve of the United States has been steadily raising its interest rate over the past year, however, at its latest meeting on Wednesday 14 June, the Federal Reserve announced...

2023/06/18

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Troubling Contradiction of News
Troubling Contradiction of News

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Shaky Demand and Supply The Bitumen market experienced different scenarios in various markets last week. Several countries stopped their imports due to the heavy onset of rains. Construction projects are on hold until the end of the monsoon. In the Middle East, demand is still flowing in but traders are in doubt about the price....

2023/06/13

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Hazy state of the market despite the high demands
Hazy state of the market despite the high demands

Time to read: 1 minutes

Writer: Shirin Yousefi

On June 5th, the base price of vacuum bottoms in Iran fell marginally, implying that the price of Iranian bitumen might reach its lowest level by the start of 2023.Although Saudi Arabia voluntarily announced production cuts at the last OPEC meeting, oil prices did not rise again, with Brent trading in a range of $72-76....

2023/06/11

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Stronger Demand in The Middle East
Stronger Demand in The Middle East

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Best Opportunity Another week of confusion and mixed sentiments were in front of crude and petroleum products traders. Several bitumen and petrochemical traders decided to use the lucrative opportunity and make their purchases at low prices. Bitumen demand is flowing to the Middle East from different parts of East Asia and Africa. China has also...

2023/06/06

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The underlying resistance to positive market trends
The underlying resistance to positive market trends

Time to read: 2 minutes

Writer: Shirin Yousefi

USA’s agreement may lead to positive market changes. price increase is more likely than decrease.Over the course of the preceding week, the cost of crude oil experienced a marked reduction due to apprehensions surrounding the absence of consensus regarding America’s debt ceiling. On June 1st, a marginal uptick was observed due to the announcement of...

2023/06/04

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Volatilities of Fuel and Petroleum Products
Volatilities of Fuel and Petroleum Products

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Oil Uncertainty Bitumen traders faced different fluctuations in several regions. In the Middle East, the prices fell due to the oil drop. The decrease has been a strong incentive for buyer of the region. Purchases have increased lately but several traders are also waiting for even better prices. Suppliers, on the other hand, do not...

2023/05/30

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India’s minimal demands and Iran’s competitive pricing strategy
India’s minimal demands and Iran’s competitive pricing strategy

Time to read: 2 minutes

Writer: Shirin Yousefi

Given the current oil market conditions, with crude prices hovering between 75-80 USD and the Iran Rial holding steady against the US dollar, it appears that the current FOB Bandar Abbas prices are at their optimal and most affordable level.The announcement of a reduction in the oil and fuel reserves of the United States, coupled...

2023/05/28

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