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October 1, 2023
Iran’s market faced a tough week with rising production costs, increased export product prices, limited competition, etc. According to the EIA report, the annual oil reserves […]
September 24, 2023
Oil prices rose above 94 USD per barrel in 2023, driven by reduced production in Russia and Saudi Arabia, alongside increased Chinese demand. The price of […]
September 19, 2023
Demand Flow The market trend is still bullish and the price is growing on a daily basis. Although the bitumen season started in August, demand in […]
September 17, 2023
Iran experienced a substantial 38% price surge in vacuum bottom following pricing adjustments last week. Refinery competition also increased by around 3%. Last week, India hosted […]
September 10, 2023
Expect bitumen prices to rise across all markets due to container shortages, the conclusion of the monsoon season in most regions, soaring crude oil prices, and […]
September 3, 2023
Russia, Ukraine, North Korea, and Gabon have been involved in various conflicts. Over the past week, Russia and Ukraine escalated their drone and missile attacks against […]