13 Mar 2025

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A high average possible recession among the world’s leading economies
A high average possible recession among the world’s leading economies

Time to read: 1 minutes

Writer: Shirin Yousefi

Bloomberg predicts possible recession among 20 major economies in 2023, some of which are the United Kingdom at 75%, the United States at 65%, China at 12.5%, and India at almost zero.The present analysis conducted by Bloomberg provides an estimation of the prospective recession status of 20 of the leading global economies, projected for the...

2023/04/23

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Rising Prices Leading to More Demand
Rising Prices Leading to More Demand

Time to read: 30 second

Writer: Mahnaz Golmohammadian

China Better Condition When OPEC announced the voluntary cut two weeks ago, the bitumen market become a bit hopeful for growth due to tight supply. Traders were again encouraged for better conditions when China reported improved demand for oil. In fact, the bitumen price has been increasing in most regions ever since. India raised the...

2023/04/18

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Vague Financial Status, The Pioneer of the Bitumen Market
Vague Financial Status, The Pioneer of the Bitumen Market

Time to read: 2 minutes

Writer: Shirin Yousefi

The bankruptcy of three American banks caused an incline in Brent price while new economic data from China offer more support for the Brent price increase.Brent prices hit their highest level since three US banks failed, while OPEC’s decision on April 2 to cut 1.66 million barrels and new economic data from China showed more...

2023/04/16

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Flat Market Before Easter’s Holidays
Flat Market Before Easter’s Holidays

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Oil’s Uncertainty Bitumen and petroleum products almost had a flat market during the past days as most countries had national holidays and crude oil stayed in the same range. In Singapore, prices decreased by 20 dollars but in other regions such as the Middle East, the market experienced more competitions. In India, accordingly, the demand...

2023/04/11

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Only time can say where this road goes
Only time can say where this road goes…

Time to read: 1 minutes

Writer: Shirin Yousefi

As written below in the following article, it was difficult for exporters and buyers to determine Iran’s actual bitumen price. Moreover, the high demand caused Iran’s bulk bitumen price to rise more than the price of packed bitumen.It appears that France and some other European Union nations began making attempts to end the war 407...

2023/04/09

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Prices Tend to Rise Along with Oil Despite Former Fears
Prices Tend to Rise Along with Oil Despite Former Fears

Time to read: 1 minutes

Writer: Mahnaz Golmohammadian

Crude Started the Week Strongly When all the markets are in fear of a financial crisis after several banks’ emergencies, crude oil surprised all by starting with a huge upward gap on April 3. The gap is highly related to the OPEC announcement on being committed to applying the promised cuts. The voluntary cut of...

2023/04/04

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Iranian producer’s perspective on the upward trend of bitumen prices
Iranian producer’s perspective on the upward trend of bitumen prices

Time to read: 1 minutes

Writer: Shirin Yousefi

In the past few days, Iran experienced an average competition of about 52%, which seems high and might be a sign that producers have chosen to continue the upward trend in prices. During the Persian New Year, we had a 21 percent increase in the vacuum bottom.Due to news of the partial recovery in China’s...

2023/04/02

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Different Price Movements in the Middle East
Different Price Movements in the Middle East

Time to read: 30 second

Writer: Mahnaz Golmohammadian

Rise of VB Rates in Iran While the market is struggling with the ambiguity of price direction in crude oil, Iran increased vacuum bottom prices by 21% on the first working day of the Persian new year. The increase was a result of dollar exchange rate fluctuations and a hot competition by 57% among refineries...

2023/03/28

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Whispers of a new wave of the financial crisis in the Iranians new year
Whispers of a new wave of the financial crisis in the Iranians new year

Time to read: 2 minutes

Writer: Shirin Yousefi

Despite Joe Biden’s pledge to support the nation’s banking systems, the collapse of Silicon Valley Bank in America caused the stock of international banks to decline. Signature Bank and First Republic Bank ran into serious situations following the failure of Silicon Valley Bank. The chance of Russia and Ukraine being mediated for peace has increased...

2023/03/26

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