13 Mar 2025

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    Temporary Fall in the Energy Market
    Temporary Fall in the Energy Market

    The recent political events have heightened the complexity and critical nature of the Middle East situationOn the 100th day of the Israel-Qaza conflict, the area experienced intense aerial bombardments. Simultaneously, the Houthi targeted a different merchant vessel on Tuesday. In retaliation, the United States initiated a strike against certain Houthi positions in Yemen. Additionally, Iran...

    2024/01/21

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    Uncertain Fluctuations in Petroleum Products
    Uncertain Fluctuations in Petroleum Products

    Rising Geopolitical Tensions The Middle East’s new geopolitical tensions spiked up last week after the US and UK attacked Houthi’s positions in Yemen. The US didn’t have any direct attack on the region until now. These actions are complicating the situation more than before and they can push the crude oil price higher in the...

    2024/01/16

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    Mixed Sentiment in Petroleum Products
    Mixed Sentiment in Petroleum Products

    Freight Increase Different markets are still struggling with the concerns of shipping lines since freights have doubled or tripled for several destinations. Bitumen markets are no expectation and many suppliers are now confronting difficulty in adjusting their old orders because of the changes. None of the markets are running at full capacity yet due to...

    2024/01/09

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    Envisioning a Productive Business Year Ahead
    Envisioning a Productive Business Year Ahead

    In Iran, prices held steady in comparison to the previous week’s market. Moreover, bitumen prices in Europe remained largely unchanged.The largest exchange of prisoners between Ukraine and Russia occurred in early January 2024 amidst the ongoing war, coinciding with heavy missile attacks from both sides. Meanwhile, the conflict between Hamas and Israel has entered its...

    2024/01/07

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    A Look Through 2023
    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 expected. Bitumen, specifically, experienced lots of ups and downs due to the uncertainty about crude oil, demand, supply and geopolitical tensions. Although the price had lots of fluctuations, purchases...

    2024/01/02

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    2023 Closed with a Tough Downturn in the Bitumen Market
    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 exportersLast week, Houthi missile strikes persisted on commercial vessels, prompting the dispatch of naval warships from various nations to the Red Sea to safeguard the area. Simultaneously, tensions escalated among other Middle Eastern countries. Additionally, in Qaza, the...

    2023/12/31

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    The Burden of Freight Increase and Shipping Obstacles
    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 totally off since some traders believe that the prices are magnificent at this oil price. Orders are coming from East Asia and several parts of Africa ahead of their...

    2023/12/26

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    Shipping Freights May Escalate the Future Crude Oil Prices
    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 whether this could push crude oil prices past $80.The recent attacks by Yemen’s Houthi group on commercial ships in the Red Sea have heightened concerns regarding a potential increase...

    2023/12/24

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