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Bitumen Price Journal For Any Information You Need In Bitumen Market

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    Bitumen Price Weekly Report

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    Demand Rising despite Instability
    Demand Rising despite Instability

    Recent oil and crude price fluctuationsAs you know, we have the weekly market analysis and recent fluctuations in the following. As the first point to be mentioned, Brent crude traded down 0.07 percent at $75.78 a barrel on the morning of Friday, July 2, 2021. Brent crude traded at $76.74 a barrel on Friday, hitting...

    2021/07/04

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    Demand Takes Over the Market
    Demand Takes Over the Market

    Demand Perspectives Stronger than Current Market IssuesAlong with crude oil rising price, bitumen increased in most parts of the globe. In the Middle East, crude oil price exerted a five-dollar increase on the drum and bulk during the week. Iran’s bulk bitumen was being traded about $285-290 per ton, and its drum bitumen was in...

    2021/06/29

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    Iran recent events and the effects on the oil market
    Iran recent events and the effects on the oil market

    Earlier Unsolved Issues Still Affecting the Recycled Oil and ParaffinAs you might know, Iran’s official political race was hung on June 18. Considering the Iranian President-elect’s points of view, the Iran-US understanding can defy some recent issues. As a matter of fact, Iran’s general oil, gas and energy approaches may change from September. As the...

    2021/06/27

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    Stable Demand Leading to Steady Prices
    Stable Demand Leading to Steady Prices 

    Stable Demand Leading to Steady PricesBitumen and bituminous products had a fine week following crude oil soaring days. Bitumen Price remained steady as the second week of June in most parts of the globe. Iran represented the lowest price of bulk and drum in the Middle East. Iran’s bulk bitumen was traded for $275-295 per...

    2021/06/22

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    The Presidential Election in Iran and the Effects on the Oil Market
    The Presidential Election in Iran and the Effects on the Oil Market

    The presidential election in Iran and the effects on the oil market General analysis of the oil market: As reported in Infinity Galaxy’s report last week, rising oil and fuel prices are major players in the market, as rising demand and falling oil reserves encourage investors to enter the market. As OPEC’s second-largest oil producer,...

    2021/06/20

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    Rising Demand Despite Regressive Events
    Rising Demand Despite Regressive Events

    Rising Demand Despite Regressive EventsMajor refineries and oil producers have declared that they are still expecting oil products demand to rise after the vaccinations. Countries have been pacing the vaccination programs and several cities lifted the mask obligation after their jabs. The vaccination has been also reasonably effective to prevent the spread of covid. Consequently,...

    2021/06/15

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    Boosting Refineries’ Output
    Boosting Refineries’ Output

    Boosting Refineries’ OutputComparing to May, bitumen price started June at lower prices in most parts of Asia, including Iran and Singapore. In South Africa, however, we experienced a $10 increase in bitumen compared to May. The price boost was a bit more in North Africa and the bulk bitumen hiked up about $15 per barrel....

    2021/06/08

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    OPEC meeting ahead of the market
    OPEC meeting ahead of the market

    Somewhat recently in May, Brent shut at $68.74 and WTI shut at $66.60. The market was green yet there was no indication of an incredible buy. Roughly speaking, crude didn’t get to their last exorbitant costs, and the pattern is by all accounts powerless. Actually, the graph isn’t in any case resolved to climb further....

    2021/06/06

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